5 Star Accounting and BusinessPosts tagged "Taxes"

5 ways small business owners can conquer payroll

With things opening back up and summer just around the corner, many businesses are ramping up their operations for busier times. For new businesses, there’s even more exciting work ahead.   Setting up payroll will be one of those major tasks. With a little guidance and patience,...

Do you qualify for $5B small business grant program?

Eligible small business owners can now receive grant assistance through the Small Business Administration.   Five billion dollars in grants known as Supplemental Targeted Advances are now available to about 1 million businesses hardest hit by the ongoing pandemic.   Businesses that benefited from prior programs, such as the...

5 best small business deductions for 2021

Hopefully, the light at the end of the tunnel will continue to brighten. For many small business owners, getting through economic pain of the pandemic is still an uphill climb. More than any other year, lowering your taxable income is a big priority. As a business...

5 essential tax tips for small business leaders

As a small business leader, you know the pain all too well. So many businesses closed their doors for longer than expected. In some situations, businesses shuttered indefinitely.   While the pandemic’s financial ramifications vary from business to business, there’s no doubt that your taxes will be...

IRS extends tax deadline to July 15

Taxpayers have three extra months to pay their taxes this year as the country continues to reel from the COVID-19 pandemic. The Internal Revenue Services extended the deadline on March 21, which also applies to tax payments. No penalties or interest will be incur during this pause. The...

Tax

How to estimate taxes as a freelancer

There are perks and downsides to living the life of a freelancer.   When it comes to handling taxes, however, there should be zero worries regarding tax liabilities estimates.   Freelancers must navigate a host of tax responsibilities that are typically handled by a payroll department. Setting aside money...

Small Business Tax Advice and Survival Guide

Tax season comes to all businesses big and small, and can be a headache no matter how well you think you’ve prepared. For a small business owner wearing many (or all) hats in the business, it’s an unwelcome extra task sure to cause late hours...