But I Already Paid the Taxes on That! – Taxes Held Out on Payments
Do I have to report payments on my taxes when the taxes were held out? Am I paying the taxes twice? How to report gambling, 401k, settlements, and more.
Tax-Deductible Receipt for your Church or Charity
You need to comply with recent IRS rule changes and provide a tax-deductible receipt to your donors for money and used good donations.
Business Expenses and Deductions
Entrepreneurs are often confused by business expenses and deductions. Learn the basics and get a free printable checklist for your deductions.
Piercing the Corporate Veil
How Single Member LLCs, Shipwrecks, and the Dog Groomer can cost you money. Be sure your small business is not piercing the corporate veil.
Are Roth IRA withdrawals taxable?
Withdrawals from a Roth IRA can be taxable in some situations. Learn what is taxable and subject to penalty before you take money out.
How to Have an Annual Meeting and Why
If you are an LLC or a corporation (including Nonprofits) you should have an annual meeting every year, even if you are the only owner.
How to Take Inventory (and why you should)
If your small business sells products of any kind, you need to know how to take inventory and you need to do it at the end of each year.
Nine things you need to do for your small business or side gig in January 2026
Nine things you need to do now (Before you file your taxes) Income Checkup – If you are going to we over $1000 at the end of the year (federal or state), make an estimated payment by January 15th. IRS paycheck checkup tool can help: https://www.irs.gov/paycheck-checkup 1099s – Get contract workers’ information and total what […]
Your Tips Are Your Money
Your Tips Are Your Money. Your manager cannot take your tips. You are not required to split your tips or “tip out” non-tipped employees.
Can I Deduct My Car and Expenses?
Can I deduct my car? The IRS requires complete documentation in an audit. Learn what the IRS needs to prove your business travel.