Category: Taxes

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Economic Nexus: Collecting Sales Taxes in Other States

This article was last edited on 02/17/2020. For updated information on state sales tax and economic nexus, visit the state’s revenue department. If you sell products online or otherwise sell to multiple states, you may have...

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Workforce Innovation & Opportunity Act

The Workforce Innovation & Opportunity Act (WIOA) is the primary workforce development law in the United States. The WIOA has reformed the federal job training system to help it be more practical for both...

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You Missed the Tax Deadline. Now What?

Everyone dreads doing their taxes, so it’s easy an easy thing to procrastinate. But, what do you do if you’re going to miss the deadline (or if the deadline has already passed)? Do You...

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6 Tips for Deducting Travel Expenses

Traveling is expensive, and as a small business owner, you’re probably doing quite a bit of it. You have plane tickets to buy, hotels to book, cars to rent – and you have to...

Filling out Form W-4

What Does the New W-4 Mean for My Small Business?

The Tax Cuts and Jobs Act has changed a lot of things about taxes, including increasing the standard deduction, eliminating personal exemptions, and trimming income tax rates. To help navigate all these changes, the...

Payroll Tax Mistakes to Avoid

6 Payroll Tax Mistakes to Avoid

Everyone makes mistakes, but some payroll tax mistakes can cost you big time. So, try to avoid them as much as possible. 1. Improperly Classifying Workers When you hire employees, you have to pay...

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7 Common Tax Mistakes (& How to Avoid Them)

It’s tax time again! Making a mistake on your taxes could end up costing you a lot of money. Check out these 7 common tax mistakes that could hurt your small business and learn...

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What is Backup Withholding?

Originally Posted: August 29, 2017 Last Updated: January 24,2018 Backup withholding requires the payer to withhold taxes from income that’s not usually subject to withholding. For example, you may have to withhold tax from...

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How to Deal with Tips & Taxes

If you own a business in the service industry (like a restaurant or hair salon), your employees probably make a good bit from tips. Waiters, especially, rely on tips for most of their income....