Aug 28, 2021 | Business, Taxes
Make the Most of Your Vehicle Expense Deduction Tracking your miles whenever you drive somewhere for your business can get pretty tedious, but remember that properly tracking your vehicle expenses and miles driven can lead to a significant reduction in your taxes....
Aug 14, 2021 | Business, Taxes
Manage Your Business’s Unemployment Taxes As a business owner, you’re required to pay three different types of payroll taxes. FICA (Federal Insurance Contributions Act) is the tax used to fund Social Security and Medicare programs. FUTA (Federal Unemployment Tax...
Aug 1, 2021 | Accounting, Business, Taxes
Small Business IRS Audit Mistakes In late 2020, the IRS announced that it will increase tax audits of small businesses by 50 percent in 2021. Here are several mistakes to avoid if you do get audited by Uncle Sam. Mistake: Missing income. A long history of...