You shouldn’t have to live in fear of facing your utility bills each month at the workplace! One of the most effective ways to conserve energy is to cut down on the amount of electricity, natural gas and other fuels we use while trying to bring the temperatures in our office buildings to comfortable levels. According to Energy Star, an Environmental Protection Agency program that advises businesses and individuals on eco-friendly energy savings, up to 30 percent of the energy generated to heat, cool and light the average commercial building is wasted.
Weatherproofing your doors, windows and skylights is the best way to make sure unconditioned air is not seeping in to or out of your office. And while weatherproofing can help you save on your utility bill, it can also put a dent in your annual taxes by applying your improvements toward tax deductions offered by Uncle Sam.
By Greg Lindberg, 1800Accountant.com Writer
Before you receive the hard-earned title of being a newly crowned business owner, you must weigh the different types of business entities available to you. Each entity is designed uniquely when it comes to how the IRS treats it. Considering the tax obligations that apply to each entity is a must to make a wise business decision. 1800Accountant.com, one of MyCorporation’s partners, offers a few pointers to consider on how LLCs are structured and taxed.
By David Nilssen, CEO & Co-founder of Guidant Financial
As “chief cook and bottle washer,” America’s small business owner has enough on its plate. Tax time only increases the workload as many frantically pull together their financial records so that they can maximize their deductions. While I’m not a tax professional (this is my disclaimer that this is for educational purposes and to not misconstrue this as advice) my company has worked with over 8,000 entrepreneurs and I’ve noticed common mistakes that many small business owners make in regards to their financials.
Here are just a few of my observations:
All set to do your taxes? Online sellers and freelancers all over the US are getting ready to start filling out their forms, or at least organizing their paperwork in order to prepare for April. If you’re like them, you’re probably wondering if there are any surprises in store for this tax season. Enter the 1099-K…
What is Form 1099-K? Continue reading
When tax return day arrives, many people may wonder if they could have received more money than what they actually were refunded. This leaves many people left wishing that they had taken the time to hire an accountant before their taxes were due, instead of filing them on their own. And although most of your tax return is self-explanatory and can be done on your own, there are still many things that can be missed out on.
Instead of going about it alone, it certainly pays to consider hiring an accountant to do your taxes. Some of the benefits to hiring an accountant to add a helping hand during tax season include: Continue reading
If you’re not quite ready to open a brick and mortar storefront for your business yet, our ABC’s for business this week focuses on the next best bet for your start-up - a home based business. Operated out of the home of the owner, the advantages that starting your business from the homestead include: