I’ve been in business a long time now, from retail to service to ag, and I’ve learned some things about wrapping up one year and getting ready for the next. Some of it I learned the hard way! Whether you run your business on paper, desktop software, mobile or cloud services, there are common tasks […]
Four Things to Know about Taxes and Starting a Business
When you’re starting your business, you really don’t want to be thinking about taxes. Here’s the basics from the IRS: Four Things to Know about Taxes and Starting a Business. The article includes the 5 kinds of taxes you need to be aware of, but probably aren’t, when you start your business.
You probably should be making estimated tax payments to the IRS
If you’re self-employed (running a business), you need to know that the IRS expects you to make estimated payments each quarter. “Taxes are pay-as-you-go,” the official IRS page said. “This means that you need to pay most of your tax during the year, as you receive income, rather than paying at the end of the […]
2015 Standard Mileage Rates from the IRS
The 2015 standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 57.5 cents per mile for business miles driven 23 cents per mile driven for medical or moving purposes 14 cents per mile driven in service of charitable organizations The business, medical, and moving expense rates […]
