by Aaron Clarke | Jul 22, 2021 | Taxes
Small Business Tax Loopholes A small business often struggles to run a business, make profits, and pay taxes. This is always an uphill battle, so when you get to the April 15 deadline business owners end up losing sleep over their tax returns and amount due....
by Aaron Clarke | May 15, 2021 | Retirement Planning, Taxes
Retirement Tax Credit for Small Businesses In previous eras employers did not opt for 401(k) plans, or other retirement plans, due to the complexities and costs associated with running a small business retirement plan. However, it has changed with the new SECURE Act...
by Aaron Clarke | Apr 29, 2021 | Taxes, Cash Flow Management
Cost to Hire a CPA for Small Business Accounting plays a vital role in expansion for small businesses, especially if running on a limited budget and resources. However, only 40% small business owners know about finance and accounting. This statistic shows the need for...
by Aaron Clarke | Apr 14, 2021 | Taxes
How Much Income Can a Small Business Make Before Paying Taxes? If you own part of or an entire business you may have asked yourself how much money can the business make before paying taxes? The answer: no matter what type of businesses you have, you will always have...
by Aaron Clarke | Apr 6, 2021 | Taxes, New Reader Favorite
Top 20 Tax Deductions for Small Businesses The IRC (Internal Business Code) is designed to provide any business with tax deductions, regardless if you are a registered business or a sole proprietor. Recently, the Tax Reform Law of 2017 (implemented in 2018), TaxCuts...
by Aaron Clarke | Jan 21, 2021 | New Reader Favorite, Taxes
According to the Small Business Administration, a small business of any type is liable to pay a tax rate of approximately 19.8%. Specifically, on average, a small business with just one owner typically pays a tax rate of under 14% while a business with more than one...
