Quarterly Estimated Tax Payments can be a nightmare for business owners to determine how much they owe the IRS. Here is our guide for Frequently Asked Questions regarding Estimated Taxes. What are Estimated Taxes? Estimated Taxes are taxes
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If your business is hiring this year, don’t overlook the Work Opportunity Tax Credit (WOTC)—a valuable federal tax incentive that can help you reduce your tax bill by up to $9,600 per qualified hire. What is the WOTC?
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Dear Client, We have an important update regarding the postponement of Beneficial Ownership Information (BOI) reporting. Latest Update: On Thursday, a federal appeals court reinstated a nationwide injunction, halting the enforcement of the BOI reporting requirements. This decision
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LLC vs S Corp: Choose the Right Business Structure Comparing LLC and S Corp When starting a business or considering a change in your business structure, it’s essential to compare the LLC and S corporation. While both share
Read MoreOne of the fundamental decisions that business owners face when it comes to tax planning is determining the frequency of tax filings—whether to file annually or opt for quarterly filings. Each approach has its pros and cons, and
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As the year is coming to a close, it’s always important to ensure every expense that can be deducted is. Most tax-deductible expenses are straightforward, however here is a list of some you may not have realized you
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