Posts tagged taxes
Two Cents Tuesday - What if I can't pay my taxes?

I bet you thought tax time was behind us, didn't you?

In reality, though, it's always tax time. Am I having enough withheld? Am I saving enough? How much will I owe? How much will I get back? What impact do the changes to tax laws have on me, if any?

Roughly 1 in 4 Americans will have a tax bill (not a refund) in any given year, and recent tax law changes mean that many people are finding their tax refunds are smaller or gone altogether. If you're self employed, you know this struggle well - particularly if your business is changing rapidly, and/or you don't have the cash to consult with a CPA to do detailed tax planning.

If you're one of the folks who got a bill this year, you might be asking yourself - what happens if I can't pay my taxes?

[Check out this week's Two Cents Tuesday video to hear everything I've got to say about this topic]

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How to get your business ready for tax season

If you’ve been working hard on your business, planning next year’s goals, brainstorming your content, and figuring out how much time you can take off for the holidays and then BAM realized you need to deal with getting your business’s books ready for your tax accountant - you’re not alone! 

It can be very overwhelming to think about what, exactly, you need to do to get your tax documents ready, so I’ve written this guide for you. 

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How to know if it's time to hire a bookkeeper

Today we’re talking about bookkeeping. You know, the day-in, day-out slog to keep your business expenses and income carefully tracked, to the penny, with at least some categorization into what sort of deductible business expense it is related to.

At some point, you’ve surely asked yourself - is it time to hire someone to do this for me?

The answer is...maybe.

There are some people who it absolutely makes sense to hire a bookkeeper for, some people it makes absolutely no sense to hire a bookkeeper for, and some in between. If you’re not sure where you fall - read on.

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