• Skip to content
  • Skip to primary sidebar

Header Right

  • Home
  • About
  • Contact

Business Tax

Small Business Taxes: Who Pays What?

June 21, 2022 by admin

Small Business Taxes: Who Pays What?

There are various federal taxes that may apply to your small business. The type and form of business you operate determines what taxes you must pay and how you pay them. At the federal level, several different taxes may apply. Excise Taxes The IRS defines an excise tax as a tax imposed on the sale […]

Filed Under: Business Tax

4 Tips on How Small Businesses Can Reduce Taxes

April 21, 2022 by admin

4 Tips on How Small Businesses Can Reduce Taxes

As a small business owner, tax liability is the money you owe the government when your business generates income. With changing laws and gray areas regarding deductions, exemptions, and credits, it’s no wonder small business owners rank taxes at the top of the list of the most stress-inducing aspect of business ownership. To reduce that […]

Filed Under: Business Tax

Starting a Side Gig in 2022? Your New Tax Obligations

February 17, 2022 by admin

Starting a Side Gig in 2022? Your New Tax Obligations

It’s not just self-employed individuals who must pay estimated taxes. Here’s what you need to know. W-2 income tax withholding isn’t perfect. You’ve probably had years when you owed more than you expected to on April 15. Or you were pleasantly surprised to receive a sizable refund. The idea, of course, is to try to […]

Filed Under: Business Tax

Don’t Wait Until December: Year-End Tax Actions You Should Take Now

November 16, 2021 by admin

Don’t Wait Until December: Year-End Tax Actions You Should Take Now

Unless you’ve been planning for 2021 taxes all year, it’s time to take actions that can reduce your IRS obligation. We’ve talked before about the importance of planning for taxes year-round. If you haven’t been able to do that because 2021 has been another complicated year, it’s not too late. There are things you can […]

Filed Under: Business Tax

Hiring An Independent Contractor? Your Tax Obligations

October 13, 2021 by admin

First time hiring an independent contractor? Here’s what you need to know about taxes. Two months ago in this column, we explained the differences between employees and independent contractors. The IRS has strict rules that you must follow when you make this distinction because there are very different tax rules for each type of worker. […]

Filed Under: Business Tax

Avoiding Capital Gains Taxes with a 1031 Exchange

August 12, 2021 by admin

Avoiding Capital Gains Taxes with a 1031 Exchange

Savvy investors can build wealth by deferring capital gains taxes via a 1031 exchange. Learn how it works and how it can help you as a real estate investor. For the in-depth information required to execute a 1031 exchange, a qualified intermediary is necessary. What is a 1031 Exchange? A 1031 exchange allows real estate […]

Filed Under: Business Tax

  • Page 1
  • Page 2
  • Next Page »

Primary Sidebar

Search

Archives

  • July 2023
  • June 2023
  • March 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021

Categories

  • Best Business Practices
  • Business Tax
  • Retirement

Copyright © 2023 · https://www.chrislongcpa.com/blog