If you just started your home-based business in the last year, you may be apprehensive about your first time filing and paying small business taxes. Never fear: these tips will make tax season easier for you. 1. Know Your Deductions. You might be surprised at all the expenses you can write off with your home-based business. Your ... Read More
Finances
How to Manage Your Finances When You’re Running the Show
Ask any business owner to name their least favorite tasks, and bookkeeping, money management, and paying taxes will all make the list. While these chores may be tedious, they’re absolutely critical. Unlike big companies, the finances of the solo business are often closely intertwined with the personal finances of the business owner. ... Read More
The Pros and Cons of Filing Taxes Early
I know there must be dozens of people reading the title of this post and mumbling to themselves, “Why is she already talking about taxes? That’s not until April!” Ah, but that’s the trick to Tax Day on April 17th: it always looks further away than it really is. And any good small business knows to start planning ahead for it and ... Read More
Do I Qualify for the Home Office Deduction?
For information only. Not all tax situations are the same. Whether you’re working at home to spend more time with your kids or just enjoy working in your bunny slippers, you’ve already discovered the many benefits of working from home. One benefit that you should take full advantage of at tax time is the home office deduction ... Read More
Things That Home-Based Mompreneurs Can Write Off
By Deb Howard Greenleaf This post is for informational purposes only. Coming up with that perfect business idea and launching your new business is a lot of work! Once your business is off the ground and you’ve begun to make some money, however, you quickly learn that making money is only half of the battle. To maximize your ... Read More
