Here’s What You Need to Know About Sales Tax, Bookkeeping, and Tax Planning If you run an online business using platforms like Shopify, Amazon, Etsy, or Wix, you’ve probably heard of sales tax compliance, economic…
If your business sells goods or taxable services to customers in California—whether online or at a physical location—you need to understand how California's sales tax system works. It's not only a legal obligation but also…
Why It’s Smart to Check Now—Not Later In the U.S., income taxes are paid throughout the year—not just at the end. That means if too little is withheld from your paycheck or set aside from…
Using QuickBooks is a great step toward managing your business finances. It helps you track income, categorize expenses, send invoices, and even run reports. But the big question is: Do you still need an accountant…
If you’ve recently formed an LLC or elected S Corporation status, you might be wondering: How do I pay myself now? The answer depends on how your business is taxed—and getting it right matters for…
If you deal in digital assets—like Bitcoin, Ethereum, or NFTs—whether as a broker or an investor, new IRS reporting requirements are being phased in. The IRS recently issued Notice 2025-33, which gives brokers a bit…
If you run a business or work as a freelancer from home, you may be able to save money on your taxes using the home office deduction. This deduction allows you to write off a…
Tax credits are one of the easiest ways to lower how much you owe the IRS. Unlike deductions, which reduce your taxable income, tax credits reduce your tax bill dollar-for-dollar—and some even give you money…
If you use apps like PayPal, Venmo, or Zelle to get paid for goods or services, here’s what you need to know for 2025: Yes — if you receive more than $600 through these platforms…
As a small business owner, it’s vital to stay informed about the 2025 tax changes—some may unlock savings, while others require new compliance. Here’s a helpful breakdown in simple language, complete with examples: 1. Expanded…