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Bungling tax preparation and mindless application of tax software: How we got off-track Bungled tax preparation and mindless application of tax software are leading causes for 85%+1 of entrepreneurs paying too much in tax and having sub-optimal cash flow. Perhaps this article is based on urban legends, perhaps the true story has
Building HOPE through the tax code: Process for Entrepreneurs Become a 15%’er The primary purpose of the tax code is to build HOPE…HOPE youcan reach your grandest vision and HOPE you have the cash flow to fund this vision. The tax code is your friend, but high taxes, bungled tax preparation, and mindless application of
Small business owners pour their blood, sweat and tears into their company, working long hours and wearing many hats. To succeed in today’s highly competitive economy, they must seek out expert consultants to assist with legal matters, accounting, taxation and other important functions. With so much of their focus on their business, entrepreneurs can lose
No business owner wants to pay more than their fair share of taxes, but the majority of them often do exactly that. In fact, approximately 85% of small business owners overpay on their taxes every year. The problem is not that these hard-working individuals are lazy about taking every possible deduction or don’t mind overpaying.
Can tax planning really help you save money? We hear this question often from business owners, independent contractors and other self-employed people. It makes sense that effective planning can help you achieve your goals but, when it comes to paying taxes, most people assume that they owe what they owe, no matter how much they
If you’re self-employed, filing your income taxes can present a significant challenge. Not only are the tax laws applicable to self-employment confusing and onerous, but you already struggle to find time for all the obligations you have before you. Owning and running a business – even if you’re working alone as an independent contractor –