It’s almost time for businesses to file their 1099s, a deadline that comes before the annual federal deadline. There are a number of different 1099 forms that report the various…
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Got paid? As a business owner, there are two main ways to pay yourself and your partners: The draw method and the guaranteed payments method. Draw Method: With this approach, you have...
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It's that time of year again – perfect for a mid-year financial review with your accountant! This financial health check is essential, no matter the industry – SaaS, startup, e-commerce,...
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Section 174 of the Internal Revenue Code (IRC) has historically been a helpful piece of legislation that allows business owners to take tax deductions for research and development costs. However,...
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Have you ever tried to pick out an outfit from a cluttered closet? What about hunting for a new book club title in a disorganized library? Just when the frustration...
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Cryptocurrency has taken the world by storm, with more and more businesses and individuals continuing to embrace this form of digital currency. And with a new kind of currency comes...
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Yes - tax estimates are dreadful, but they can make or break a tax filing (and your sanity) depending on how they’re handled. Most people feel like they don’t have...
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We get it. Time flies. And if time has gotten away from you when it comes to filing your taxes, not to worry; you can request a business tax extension. While...
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Many businesses miss out on a reduced tax bill because they don’t know what small business tax deductions and credits are available to them. And we hate to see it....
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Make your new year’s resolution to have a stress-free tax season – we dare you. And we double dog dare you to use our Small Business Tax Preparation Checklist we...
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TABLE OF CONTENTS When Do Businesses Have To File Taxes? When You Owe More Taxes Than You Can Pay Need More Time? File A Business Tax Extension Making Estimated Quarterly...
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If you hire any freelancers or vendors, you’re going to need to issue two forms to them: W-9 and 1099. But, what’s the difference between W-9 vs 1099 forms? We’re...
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Now that tax season has come to a close, you’re probably ready to take a load off and relax. But don’t get too comfortable! Now is the ideal time to…
Regardless of how much we earn, which politicians we support, or what type of music we like to listen to, one thing that unites pretty much all Americans is the...
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Yes, you read that right. If you’re talking tax breaks that could save you a million dollars when you sell your company, that list isn’t very long. QSBS is one...
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Due to the dynamic nature of launching a new business, it can be challenging for a startup to keep up with all of the latest changes to the tax code....
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Now that tax season’s here, it’s important to familiarize yourself with all the deductions that are available. While many deductions may apply to you, today we’re focusing on business startup…
On Oct. 6, four former lawmakers urged U.S. Congress to scratch proposals to retroactively end the Employee Retention Credit (ERC) in Q4 of 2021. They also pushed for more accessible…
Pumpkin spice, football, changing leaves, horror films, and an extra hour of sleep aren’t the only great things about fall! This year you can also enjoy savings! ‘Tis the season…
Paper checks. Do you even remember those? For many, the paper check is absolutely a thing of the past, thanks to automation. But for entrepreneurs (even the seriously tech-savvy ones)…
It’s that time of year again: tax season. While it may seem like 2019 just got started, now is a good time to think about your personal and business taxes….
We get this question a lot, so don’t worry if you don’t know the difference between a CFO and a CPA. Here’s what you need to know as a small…
We know that we’ve had a lot of big updates coming your way recently. In August, we launched an entirely new brand and website. In October, we announced a new…
If you’re a chapter-based organization with the goal of growing your membership, you may not have a dedicated person for bookkeeping or accounting. But that doesn’t stop the questions about…
When cryptocurrency showed up, the accounting book flew out of the window. Not only did it make even basic accounting difficult, but with the very nature of cryptocurrency as a…
This post is part of Acuity’s Master Class Series, dedicated to shedding light on financial and other influential industry topics. Our goal is to provide a deeper understanding to...
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Join Acuity the third Thursday of every month for a FREE webinar designed to help you reach your financial goals in 2017 and beyond. While we are proud to consider…
