Unfortunately, far too many business owners blow through their budgets, spending more on everything from office space to technology and marketing. If that sounds like you, there are ways to reign in your expenses and help your business gain more financially sound footing. Here are some tips to help guide you: – Among the largest[…]
As business owners prepare for reopening amid ongoing concerns about COVID-19, a careful consideration of risks is critical, as are prevention practices. Among the many factors business leaders must examine to protect their employees, colleagues, and, in some cases, the public, is following the Centers for Disease Control and Prevention guidelines. Experts in the field[…]
Across the country, the number of people who define themselves as self-employed is growing. In 2019, the Bureau of Labor Statistics estimated there are 16 million self-employed in the United States. While taxes for the self-employed are similar to those of other business owners, there are some issues that should be considered through a somewhat[…]
The Tax Cuts and Jobs Act was the biggest overhaul of the tax code in three decades and provides significant opportunities for the self-employed. But, as always, there are a few areas that require an explanation from the IRS. How does this impact small business owners and entrepreneurs? For 2018, it is believed that[…]
What Can I Deduct From My Taxes When I Own a Business?
By diamondcpas Business Taxes, Entrepreneurs Jan 24, 2018
We recently blogged about business deductions but want to provide you with some more information based on the questions we are fielding from clients this year. New business owners and entrepreneurs may have a great opportunity to deduct very specific expenses. Small business owners and entrepreneurs often start out with different goals. Some start[…]