How To Establish Your New Business’ Tax Year
You may be able to elect a tax year that suits your business; how will you choose?
Accounting Methods: Cash versus Accrual
The IRS requires you to maintain consistent accounting throughout your fiscal year. You must use a method that clearly reflects your income.
Strategic Tax Moves To Make Before The End of The Year
With only one month left in the calendar tax year, now is the time to make some strategic moves to lower your taxable income for the year.
What’s an EIN and do you need one?
If you’re starting a new business, you may need an EIN (Employer Identification Number) from the IRS. Here’s how to determine whether or not you need one as well as how to get it.