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Taxes

Taxes are an unavoidable reality for every business, and it’s not just income tax that needs to be accounted for. We’ll help you understand all of your business’s tax liabilities and how to plan ahead to meet them with these small business tax management resources.

Article
1099-MISC vs. 1099-NEC Tax Form Guide
By Julie Thompson | February 26, 2025

How do 1099-MISC and 1099-NEC tax forms differ? Learn the differences between 1099-MISC and 1099-NEC, which affect independent contractors and freelancers.

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How to File Employee Payroll Taxes
By David Gargaro | January 28, 2025

This guide to filing payroll taxes can help any business with employees manage their payroll and meet their tax obligations.

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Using Form 941 to Pay Quarterly Payroll Taxes
By David Gargaro | January 23, 2025

Businesses must file Form 941 quarterly to report the total taxes withheld from employees' paychecks. Here's everything you need to know about Form 941.

person punching numbers on a calculator
Article
Guide to Employer Payroll Taxes
By Julie Thompson | January 14, 2025

Understanding payroll taxes and deductions is critical for business owners. Learn how payroll taxes work and how to calculate payroll taxes.

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20 Tips to Avoid a Tax Audit of Your Small Business Return
By Andrew Martins | December 11, 2024

IRS audits are stressful and costly. Learn best practices and tips that will reduce your chances of getting audited by the IRS and help you stay compliant.

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K-1s and How They Are Used
By Jennifer Dublino | November 18, 2024

Partnerships use schedule K-1 tax forms to avoid tax penalties by distinguishing business income and personal income.

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What Is SUTA Tax? How Do You Calculate It?
By David Gargaro | October 23, 2024

The State Unemployment Tax Act (SUTA) is a required payroll tax employers must pay. Learn what SUTA taxes are and how to understand, set up and pay them.

person doing taxes
Article
Why Small Business Owners Should Think About Taxes Year-Round
By Sean Peek | May 09, 2024

Learn how to tackle taxes more effectively and get bigger deductions by folding tax plans into your overall business strategy.

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What to Do if You’re Behind on Your Taxes
By Jennifer Dublino | March 14, 2024

Getting behind on your taxes can result in penalties, including liens and levies on your business. Here's what to do if you're past due.

Article
Is It Time to Hire a CPA?
By Max Freedman | March 08, 2024

Knowing when to hire a CPA can have a dramatic impact on your business's financial health. Find out all of your tax options here.

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Pricing and Costs of Tax Consultants
By Jennifer Dublino | February 02, 2024

No matter what type of taxes you need help preparing, it's crucial to choose the right business tax consultant – and one whose prices fit into your budget.

Happy coworkers
Article
How to Save Thousands of Dollars With the Employee Retention Credit
By Lauren Kubiak | November 16, 2023

Under the legislation, eligible employers can claim a refundable tax credit that is equal to 70 percent of the qualified wages they pay employees.