Lendio

JANUARY 11, 2023

As your business grows, so too will your expenses. If you want a clear picture of how your money moves within your business, then you need to start by sorting and categorizing your expenses. Expense categories provide a variety of benefits for small business owners. Common Small Business Budget Expense Categories.

Deductions 52

Deductions Cybersecurity Small Businesses Transactions 52

Due

JUNE 3, 2023

In this guide, you’ll find out how to prepare for retirement as a self-employed individual. Traditional IRAs are funded with pre-tax income and grow tax-deferred until retirement. Some exceptions to the deductibility rules do apply, so you’ll need to check your eligibility.

Deductions 69

Deductions Small Businesses 69

Lendio

APRIL 26, 2023

Did your small business keep employees on your payroll through the pandemic? You may be eligible for a tax credit from the Internal Revenue Service, too. It was intended as an extra incentive for smaller businesses to retain their employees, although it was widely overshadowed by the Payment Protection Program.

Small Businesses 98

Small Businesses Deductions 98

Due

OCTOBER 29, 2023

Retirement often feels like a far-off dream for busy entrepreneurs. You’re so focused on the day-to-day demands of running a business that planning for your eventual exit seems like a luxury you can’t afford. The key is leveraging your small business proactively to maximize your nest egg. That’s huge!

Small Businesses 52

Small Businesses Brokerages Deductions 52

Due

APRIL 27, 2023

We have chalked out a comprehensive guide on how to start investing to address all these financial priorities. Typically, the amount is transferred by payroll deduction. Amidst high inflation and increased cost of living, how do you plan to allocate funds for your retirement or your kids? How do you start investing for you kids?

Deductions 110

Deductions Brokerages 110

Fundera

MAY 30, 2019

Many entrepreneurs feel overwhelmed by the thought of filing their small business taxes. If that’s how you feel, we don’t blame you since there’s a lot that goes into preparing your business for tax day. Here’s your step-by-step guide to everything you need to know about small business taxes.

Small Businesses 100

Small Businesses Deductions Credit and Collections 100

Lendio

DECEMBER 7, 2023

Running a small business often requires making savvy decisions about acquiring necessary equipment without overspending. One popular strategy among small business owners is equipment leasing, which allows you to use high-quality equipment without the financial burden of buying it outright. What is equipment leasing?

Small Businesses 52

Small Businesses Credit Scoring Deductions 52

Fundera

OCTOBER 21, 2020

Getting money from a loan is just the start of a journey that will affect your business’s taxes, accounting, and budgeting until the loan is fully paid back. Therefore, understanding business loans and, more specifically, the concept of the loan principal is crucial for small business owners. .

Deductions 94

Deductions Small Businesses 94

Fundera

DECEMBER 30, 2019

If you’re like most small business owners, you think about taxes once a year — when they’re due. Small business tax planning is important. Meeting with your CPA isn’t just about filing your taxes, it’s about making sure you’re doing the best for your business all year long. . Ready to plan?

Deductions 81

Deductions Small Businesses 81

truly financial

FEBRUARY 16, 2022

O rganizing your expenses at tax time can feel like one of the most complex and frustrating parts of being a small business owner. You have to sort out which expenses are considered tax-deductible for your business’ income, and follow the proper methods for claiming them. These are tax-deductible.

Deductions 52

Deductions Small Businesses Credit and Collections Dashboards 52

Due

AUGUST 5, 2023

Consumers have also placed increasing pressure on businesses to maximize their giving potential. As Anne Frank eloquently said, “No one has ever become poor by giving.” ” Donating to charity is one of the most rewarding acts, with several benefits for your mental, societal and financial health. more than in 2020.

Nonprofit Organizations 98

Nonprofit Organizations Deductions Small Businesses 98

Lendio

JANUARY 3, 2023

When you’re a small business owner, keeping your finances organized is crucial to your success—and it all starts with a good system for tracking your business expenses. Expense tracking is the gateway to cutting costs, improving cash flow, and optimizing your deductions during tax time. Get an Accounting App.

Deductions 52

Deductions Transactions Small Businesses 52

Fundera

SEPTEMBER 30, 2016

In most cases, business owners just aren’t aware of the many small business tax deductions out there. In other cases, they just aren’t keeping detailed records of their business expenses or don’t want to spend the time and effort itemizing expenses and crunching numbers. Buying and selling inventory.

Deductions 88

Deductions Small Businesses 88

Fundera

JANUARY 17, 2020

One part of being a business owner means keeping records for everything: what you’ve earned, spent, and where you’ve traveled. It can become easy to get swamped in paperwork and receipts and you may be tempted to toss your records once the year is over and your business taxes are filed. . Why Should You Keep Business Records?

Bad Debt 91

Bad Debt Deductions Insurance Companies Transactions 91

Lendio

JANUARY 25, 2023

Running a small business comes with many challenges and responsibilities. Yet one of your most important duties as a small business owner is managing your company’s finances. Small Business Administration (SBA), 82% of failed small businesses go under due to cash flow problems.

Small Businesses 52

Small Businesses Credit Scoring Deductions Credit Application 52

Fundera

APRIL 11, 2019

During an IRS audit, the auditor will check whether an individual or business has reported taxable income, losses, expenses, and deductions in compliance with federal tax laws. If the auditor finds a mistake, the individual or business might have to pay a tax penalty and interest. Business Type.

Deductions 85

Deductions Small Businesses 85

Fundera

OCTOBER 12, 2016

Small business taxes… Does the thought of them just make you cringe? If you’re feeling overwhelmed by your small business taxes, we don’t blame you—there’s a lot that goes into preparing for Tax Day. Here’s your step-by-step guide to everything you need to know about small business taxes.

Small Businesses 88

Small Businesses Deductions Credit and Collections 88

Lendio

JANUARY 9, 2024

The e-commerce store is a popular business model due to its low barriers to entry and high potential upside. However, owning one presents unique accounting challenges, and you need to understand them to keep your business running smoothly. First, e-commerce is an inventory-based business. Why is e-commerce accounting different?

Credit and Collections 52

Credit and Collections Transactions Deductions Small Businesses 52

NorthOne

JUNE 9, 2023

If you own a business providing heating, ventilation, and air conditioning (HVAC) services, you already know that whether you are installing systems, cleaning air ducts, or performing repairs, there are risks involved. Many businesses, including homeowners, rely on HVAC contractors to maintain their heating and cooling systems.

Medical Billing 52

Medical Billing Deductions Bankruptcy Small Businesses 52

Team Financial Group

JANUARY 25, 2023

Purchasing new business equipment is a vital step for staying efficient and competitive. Here at Team Financial Group, we know that your business is your livelihood, how you provide for your loved ones, and a source of personal pride. RELATED: 5 Effective Tips for Choosing the Right Equipment Supplier for Your Business 3.

Deductions 52

Deductions Small Businesses 52

Fundera

MARCH 11, 2020

Paying business taxes as a freelancer can be confusing, especially if it’s your first time filing as a self-employed person. And then, there are freelancer tax deductions that you can take. What can you deduct and where do you deduct it? What Are Freelancer Tax Deductions?

Deductions 52

Deductions Small Businesses 52

Lendio

JUNE 6, 2023

The Employee Retention Credit (ERC) is one of the most lucrative tax credits for small business owners. To help you understand how you might qualify, let’s review how the ERC works and walk through some practical examples of eligible businesses. The ERC works as a refundable tax credit. What are Qualified Wages?

Nonprofit Organizations 52

Nonprofit Organizations Deductions Small Businesses 52

Lendio

NOVEMBER 1, 2023

There are many different kinds of small business loans, making it essential to do your research before beginning any application process. Getting a business loan sounds simple — until you realize how many types of loans exist and how many lenders offer those loans,” says business.org.

Small Businesses 98

Small Businesses Credit Scoring Credit and Collections Default 98

Fundera

JUNE 10, 2019

Taxes can weigh heavily on the mind of a small business owner. Local, state, and federal small business taxes can eat a big chunk out of your bottom line, and sometimes, it can feel like all your hard-earned profits are going to Uncle Sam. Most small businesses are aware of the importance of tax deductions.

Small Businesses 65

Small Businesses Deductions 65

Team Financial Group

APRIL 3, 2023

Typically, expanding or growing your business is one of the biggest goals for any small business owner. For this reason, a wise business owner will protect cash flow during periods of growth. For this reason, a wise business owner will protect cash flow during periods of growth.

Credit Scoring 52

Credit Scoring Deductions Small Businesses 52

NorthOne

JUNE 8, 2023

As a salon owner, a crucial component of your business success is proper accounting. In this guide, we’ll cover everything you need to know about salon accounting, from the basics to more advanced financial reporting and analysis, along with tips to keep your salon’s finances in tip-top shape for 2023.

Deductions 52

Deductions Transactions Small Businesses 52

Fundera

MARCH 31, 2017

The IRS tax code is complicated—many small businesses struggle to understand how their tax liability is determined. This guide breaks down the types of federal taxes your business may be subject to, how these taxes are applied to different types of business types, and the different rates applied to your business earnings.

Small Businesses 75

Small Businesses Deductions Transactions 75

Fundera

DECEMBER 23, 2019

Operating expenses (OpEx) are expenses needed to operate your business on an ongoing basis and appear on the profit and loss statement. Capital expenses (CapEx) refer specifically to long-term assets purchased as an investment in your business, the benefits of which will last longer than one year. Business licenses and property taxes.

Deductions 68

Deductions Small Businesses 68

Lendio

JUNE 6, 2023

If you qualify for the Employee Retention Credit (ERC), you could receive thousands of dollars in refundable tax credits for each employee on your payroll during the COVID-19 pandemic. Let’s break down the qualification requirements to help you determine whether your small business is eligible.

Small Businesses 52

Small Businesses Deductions Default 52

Fundera

MAY 13, 2019

Best Free Payroll Software for Small Business. Payroll4Free can perform all essential payroll functions and is entirely free for businesses under 25 employees. Wave Payroll also provides customers with an accounting, invoicing, and expense management platform, but you will have to pay a small monthly fee to use it.

Deductions 62

Deductions Small Businesses Credit Card Payments Transactions 62

Fundera

JUNE 16, 2016

A small business owner wears many hats—and one of them is usually an accountant’s. Deciding whether to do your taxes on your own or hire a professional is just one of the many decisions that you’ll need to make each year ahead of tax time. Last year’s business tax return. Payroll documents.

Small Businesses 74

Small Businesses Deductions 74

Fundera

APRIL 27, 2020

IRS Section 179 Deduction. The Section 179 deduction allows businesses to deduct the entire amount of an asset in the year it was purchased, rather than deducting a smaller amount over a number of years with the depreciation method. Under standard accounting rules, you’d use depreciation to take your deduction.

Deductions 40

Deductions Small Businesses 40

Due

MARCH 15, 2024

However, your budget is your guide to financial freedom. Fixed expenses should be deducted first, followed by debt payments and savings. Here’s how it works: Approximately half of your after-tax income is spent on necessities, including debt payments. In addition, 64 million Americans have debts that are in collections.

Credit and Collections 52

Credit and Collections Brokerages Credit Unions Deductions 52

Fundera

OCTOBER 21, 2018

What Is a Home Office Deduction? Business owners who regularly operate their businesses in their home can deduct some of their expenses and save money on their taxes , granted they keep careful records and meet the IRS’s requirements. Can You Claim Home Office Deductions?

Deductions 75

Deductions Small Businesses 75

Fundera

JUNE 28, 2019

What Is Business Property Tax? Business property tax is a tax that you pay on the assessed value of real property, like land or real estate, that your business owns. Your tax rate will be based on the assessed value of your business’s land or real estate, as opposed to the fair market value.

Deductions 54

Deductions Small Businesses 54

Fundera

AUGUST 30, 2019

Payroll Deductions Definition. Payroll deductions are the specific amounts that you withhold from an employee’s paycheck each pay period. There are two types of deductions: voluntary deductions, like health insurance and 401(k) deductions, and mandatory deductions (or those required by law), like federal income taxes and FICA taxes.

Deductions 40

Deductions Small Businesses 40

Fundera

MARCH 17, 2017

Have you filed your small business taxes yet? The Small Business Administration reports that there are 28 million small businesses in the U.S. , 22 million of which are “nonemployer” businesses made up of a solo entrepreneur. It’s almost April 18th. Do You Owe W-2 or 1099 Forms?

Small Businesses 75

Small Businesses Deductions 75