Which Employee Benefits Are Taxable? A Guide For Small Businesses
What is a Fringe Benefit? A fringe benefit is a form of compensation employers provide to employees in addition to their regular wages. These benefits can include property, cash, cash
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Etsy Sellers: What Taxes Do You Need to File?
Taxes You’ll Owe as an Etsy Business If you’re running your Etsy shop as a business with the intent to make a profit, you’ll need to plan for several types
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IRS Notice CP220 – What It Means and How to Respond
What is IRS Notice CP220? As we mentioned earlier, IRS Notice CP220 is sent when the IRS makes adjustments to your business tax return. These adjustments can result from mathematical
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What to Do If You’ve Made a Mistake on Your Business Tax Return
How to Correct Mistakes on Your Business Tax Return If you’ve made a mistake with your business tax return, follow these steps. Step 1: Don’t Panic, But Don’t Ignore It
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How to Handle Business Back Taxes: A Step-by-Step Guide for Business Owners
Why Business Owners Struggle with Taxes The U.S. tax system is complex. With varying tax forms, quarterly estimated payments, payroll obligations, and constantly changing rules, even the most diligent business
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The Tax Responsibilities That Come With Closing a Business
There are certain tax responsibilities that come with closing a business. If you've made the decision to shut your doors, there are six important steps you need to follow.
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Gear Up For Tax Season: Trucker Tax Tips
What Taxes Do Owner-Operators Pay? As an owner-operator, you wear many hats – driver, business owner, and tax strategist. Your tax responsibilities are more complex than those of company drivers,
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