JD Hancock / Foter / CC BY As a CPA, one of the biggest misunderstandings I see when it comes to taxes is the idea of being in a certain tax rate. Every year, I have clients ask me how close they are to the next tax rate so they can avoid it, or what.
Fouquier ॐ / Foter / CC BY-NC As an employee, saving for retirement is fairly simple. Your company offers you some type of retirement savings plan (usually a 401(k) or 403(b)), you set aside a percent of every paycheck to go into the plan, you choose from a limited set of funds to invest in.
Thomas Hawk / Foter / CC BY-NC Recent studies show that in the US, small businesses account for over 70 percent of the available jobs. Many of these successful small business owners say that one of the things they love the most about owning their own business is the ability to provide jobs and.
Thomas Hawk / Foter / CC BY-NC As we have discussed before, choosing the right business entity is one of the most important decisions you will make as an entrepreneur. It will affect your legal liability, your tax liability, which tax forms you file and what other requirements you have to fulfill throughout the year..
stevendepolo / Foter / CC BY In todays world, there are very few tax secrets available that will have any significant meaning to you or your business. In fact, when you see headlines like the one used in this article, you should usually run away as fast as you can because you are probably.
Robert S. Donovan / Foter / CC BY So despite the warnings we discussed in part II, your business has lost money in more than the allowed two out of five years. In fact, you showed a loss in all five of those years. Are you doomed to have your business labeled a hobby.
JD Hancock / Foter / CC BY One of the greatest parts about being an entrepreneur is the tax advantages it offers. As an employee, the IRS gets first crack at your paycheck. Even before you see a dime of the money you earned, your employer is required to send a certain percentage to.