by Christian Linscott | Nov 2, 2020 | Business and Finance, Business Tax, eCommerce
You are probably familiar with the term sales tax. After all, most states impose a sales tax on the goods consumers purchase every day. Use tax is a little less known, but it’s still important to understand, especially if you sell goods online. eCommerce...
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by Christian Linscott | Jun 16, 2020 | Accounting, Business and Finance, Business Tax
The assets that are a part of your business have a significant impact on your taxes. Depending on whether the type of asset is ‘tangible’ or ‘intangible’ , there are different ways to account for the “use” of your assets, often referred to as amortization and...
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by Christian Linscott | Apr 7, 2020 | Business and Finance, Business Tax, filing taxes, Income Tax
The coronavirus has had an impact on nearly every aspect of our lives. Social distancing has put a lot of strain on small businesses, and many people are no longer able to work, which is having a huge impact on our economy. Due to the massive scale of the coronavirus...
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by Christian Linscott | Jan 23, 2020 | Accounting, Business and Finance, Business Tax, filing taxes
As a small business you know that your taxes do not begin and end with tax season. If you are self-employed or own your own business your tax responsibilities do not end with filing your income tax return by April 15. There are several other tax deadlines you must pay...
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by Christian Linscott | Jan 20, 2020 | Accounting, Business and Finance, Business Tax, filing taxes, Income Tax, IRS
With tax season underway, people are busy gathering their financial information and necessary tax documents. This is a good time of year to brush up on any changes to the tax code, since some changes that were pushed through are material. While the Tax Cuts and Jobs...
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by Christian Linscott | Dec 17, 2019 | Business and Finance, Business Tax, Income Tax
The holidays are in full swing, which means holiday parties, gift exchanges, and traveling. All of which can provide some extra tax deductions. Business expenses that are deemed ordinary and necessary, are tax deductible. Which means that spreading a little holiday...
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