Talking About Business Taxes

About Me
Talking About Business Taxes

Hello, my name is Elona. Welcome to my site about tax services. When I started my own crafting business, I was unsure how to handle my profits and losses. I tallied all of the information and eventually took the documents down to my local tax professional. I learned a lot about the process of preparing and filing taxes during that visit. I would like to help other people handle their business tax documents and work effectively with a qualified professional. I would be honored if you could use my information to handle your taxes with confidence. Please come back again soon.

A 5-Step Guide To Becoming An Employer For The First Time

9 May 2016
 Categories: , Blog

As your small business grows, you will likely find yourself in the position of having to hire your first employees. While it's a necessary step toward future growth and profitability, becoming an employer is something that can be wrought with pitfalls. Here is a handy 5-step guide to avoiding many of those pitfalls when making your first hire. Assess Your Goals and Needs Now that you know what it will take to add an employee to the payroll, consider what you need from your new employee and what you want employees to add to your future plans. Read More …

5 Tax Deductions for Independent Contractors

6 August 2015
 Categories: , Blog

When you work as an independent contractor, you are responsible for paying all of your taxes and an additional self-employment tax. This tax covers the Medicaid and Medicare taxes that you would see on your paystub. Additionally, you are responsible for paying your state taxes. This can add up quickly and so it is important to find as many deductions or credits as possible. When you first begin working as independent contractor, it can help to have an accountant do your taxes for you. Read More …

Dealing With An IRS Collection Notice

5 August 2015
 Categories: , Blog

Owing back taxes is stressful, especially when the IRS begins the collection process. If you're like most people, you probably feel like you don't have any options. Many people assume that they have to pay large debts to the IRS all at once. However, you still have rights. Learn how to deal with IRS debt collections without adding a lot of additional stress to your life. Don't Ignore An IRS Collection Notice Read More …