Everyone dreams of paying no taxes (or claiming a significant sum of cash in the form of deductions), but filing taxes is rarely as enjoyable as Christmas. That becomes especially true when an IRS agent comes knocking at your door and accuses you of tax evasion. Listed below are a few techniques that you can use to avoid key IRS audit triggers with 007-esque stealth.
Opening up a business as an independent contractor can be an exciting ordeal. After many long years of exams, countless apprenticeships and some real world experience you finally get to call your own shots. You get to take the projects you want to do and, at the end of the day, you have a business that you can call your own. It’s a great job, but like any small business owner, being an independent contractor carries a certain amount of financial responsibility. Most contractors choose to hire out-of-house accountants to help them manage their finances. Though it is a perfectly acceptable method of financial management, not all accountants are equipped to handle your situation. Here’s how a contractor accountant can help meet your very specific accounting requirements.
Everybody seems to know what tax deductions are but, if you were to ask them what deductions they qualify you’ll more than likely be met with silence. With the constant shift of government legislation year after year it can be difficult to define what you qualify for (unless you’ve been following that legislation throughout the year and that can be time-consuming). We’re guessing you’re already busy enough as is so, we’ve put together a list of the 40 simple tax deductions you could qualify for this year. Simple tax deductions that, we hope, will help save you quite a lot of money.
While winter may be a bit of a down season for landscapers in terms of physical work but, that doesn’t mean it has to be entirely unproductive. It’s tax season which means you’re probably working together with your office manager or your accountant to make sure your taxes are filed correctly. Regardless of who does your taxes, it is still a relatively painful process but, there are ways to alleviate some of the financial stress associated with filing. Listed below are some of our money-saving small business tips for landscapers that you can use this tax season.