Have you moved — or are you planning to move — to a foreign country? Americans living abroad as expats face a variety of unique challenges, and their income tax returns can be one of them. What new situations might you face when you live across U.S. borders? Here are five things you’ll need to address. 1. Reporting All Income The United States tax system doesn’t care where Americans physically earned their income. Read More»
As a small business owner, you are required to file and pay your taxes four times each year. You must meet quarterly tax filing and paying deadlines to avoid the IRS heavily fining or closing down your business. However, all of your daily attention must remain on running your business. You may not have time to file and pay your taxes every three months. To help you meet these critical deadlines, you can use professional accounting services to file your returns and submit your taxes. Read More»
Do you want to work remotely but live across state borders from your employer? While a few miles over a border might not seem like a big deal in real life, it can have a serious impact when it comes to income taxation. In fact, you could end up paying taxes in both states. How can you avoid this? Here’s what you need to know. How Location Affects Taxes While federal income taxes are the same for all 50 states, these states each have their own methods of taxation to pay their own bills. Read More»
If you feel like it’s a struggle to keep your company finances in order and you don’t know what you’re doing, it may be time to get help. A business accountant can help by taking over your financial matters for you. They can also get you back on track so you feel like you have more control over your money. Here are the reasons you should hire a business accountant: Read More»
If you’re a small business owner, you may think that you can work without an accountant. Unfortunately, that’s not the case. When it comes to operating your own business, there are accounting errors that can destroy everything you’ve worked so hard to build. Unfortunately, some accounting errors can be difficult to recover from. Take a look at the list provided below. If you recognize any of those issues, it’s time to hire an accountant for your business operations. Read More»