by Jonathan Bill | Jul 27, 2023 | Biz Taxes
If you’re a small business owner, there are some tax advantages you might be unaware of that can lower the overall tax bill for your family, if you decide to employ family members in the business. It’s commonplace for multiple family members to work in a small...
by Jonathan Bill | Jun 8, 2023 | Biz Taxes
Now that tax season has come and gone (unless you filed an extension), it’s a good time to assess the amount of income tax withheld from your paycheck. In fact, any time there is a major change in your overall tax situation, withholding amounts should be examined. For...
by Jonathan Bill | Sep 18, 2022 | Biz Taxes, Small Business
As we enter the last quarter of 2022, now’s a good time to think about taking full advantage of any tax benefits that may apply to you and your small business. Keep these deductions in mind: Enhanced Business Meal Deduction Through the end of 2022, you can generally...
by Jonathan Bill | Sep 7, 2022 | Biz Taxes, Retirement, Tax Season
By law, you must pay income tax as you earn income — generally at least 90% of your taxes due. If you are an employee, your tax payments are typically paid by your employer in the form of withholding from your paycheck. However, if some or all of your income is not...
by Jonathan Bill | Jul 17, 2022 | Biz Taxes, General Info
Hotel stays, airfare tickets, public transportation costs — it all adds up fast when you’re traveling. The good news is, as a business traveler, you may be able offset some of those expenses by claiming business travel deductions when you file your tax return. Not...
by Jonathan Bill | May 4, 2022 | Biz Taxes, Small Business
Last week was National Small Business Week. Because small businesses play a pivotal role in the nation’s economy, the Small Business Administration and the IRS teamed up to highlight the tax benefits and resources available to entrepreneurs. Here are some of the...
