A small business owner oftentimes have to wear many hats. They might have to wear their boss hat one day, and the employee hat the next day. When tax season comes around, they may think of doing their taxes as just…
The Earned Income Tax Credit (EITC) is a federal tax credit available to individuals of certain income brackets. Low income. It is a refundable credit. What this means is that if you meet the eligibility requirements you can get a…
Recordkeeping is an important part of running a small business. In fact, keeping good records helps business owners make sure their business stays successful. It is the first step towards tax filing. Tax preparation is essential part or recordkeeping. Here…