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Small Business Consulting: What to Expect Under President Trump

Whether you’re excited or not so excited to have Donald Trump as our President, the fact is that he is our Commander-in-Chief and we’ve got to move forward and continue to build our businesses. Now that Donald Trump has taken over as POTUS and Republicans control the House and Senate a lot of...

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6 Simple Tax Preparation Mistakes That the IRS Will Catch

It’s time to start getting ready for tax season. As you may have read in our 5 Reasons You Should File Taxes Early blog post, early tax preparation can have a lot of benefits for individuals and businesses. One of those important benefits was having time to review and fix mistakes before...

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Tax Services: 7 Questions to Ask Upfront

Tax season is right around the corner and many individuals and businesses are looking at hiring a new tax accountant, but not all tax services are created equal. The idea behind hiring a firm to handle your tax accounting is to make sure that you are taking advantage of all deductions you can,...

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Taxes for Freelancers: 6 Tips to Make the Most of Your Return

As a freelancer (especially those freelancing for the first time), tax season can come with a huge headache. Sure being a boss has a lot of advantages – setting your own hours, working from home, setting your own rates – but there are also disadvantages to freelancing one of which is dealing...

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Small Business Consulting: 7 Tax Tips to Save You Money

It’s that season again; time to start getting your documents ready, your books set, and all your information over to your tax accountant. While it may only be January, we think getting everything out of the way now definitely has its perks! Check out our 5 Reasons Your Should File Your Taxes...

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What Should I Know About My Student Loan Interest Deduction

Recent grads are reporting student loan debt at incredibly high rates. In fact, 70 percent of college grads leave school with loan debt and the average 2016 grad holds $37,172 in student loan debt. Based on the high amounts of debt students are leaving school with, it’s more important than ever...

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Taxable vs. Nontaxable Income: The Basics on Both Types of Income

With the New Year comes the onset of tax season and there’s no better time than now to get started on your personal tax return. One of the most important pieces of your tax return is your income, but did you know that not all income is taxable income? Knowing the differences between taxable and...

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5 Signs You’re Ready for a Full Service Payroll Solution

Even though 2016 has come to a close and we are into the New Year, it’s not to late to think about making changes for 2017 and beyond. That means getting ready for taxes, setting sales goals, setting budgets and reevaluating the processes within your business. That includes reevaluating how you...

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How to Prepare a 1099 for an Independent Contractor

As a small business, there are a lot of reasons that you might employ an independent contractor instead of a full-time employee. If you choose to employ independent contractors as a part of your business team then the IRS requires you to prepare a 1099-MISC if you paid the person more than $600...

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How Do I Calculate Payroll Taxes?

Payroll taxes are a combination of the federal, state and local taxes withheld from an employee’s paycheck. These taxes consist of federal income taxes and Social Security and Medicare taxes. In addition, employers must pay state and federal unemployment taxes. Let’s take a look at each of these...

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