When tax season approaches, a CFO’s role becomes critical in steering the business through complex tax requirements while optimizing outcomes. This CFO’s guide for tax season outlines key best practices to help your business file accurately, avoid costly mistakes, and leverage available tax strategies. Understand Your Business’s Tax Obligations Early Every business has unique tax … Read more
Running a business means your financial landscape changes fast—new clients, new expenses, and sometimes new tax rules. A tax strategy review isn’t something you save for April. In fact, reviewing your strategy every quarter is one of the smartest moves you can make to stay ahead of the IRS and keep more cash in your … Read more
The tax penalty trap often catches business owners off guard. Small errors on your tax returns or filings may seem harmless, but they can quickly turn into major fines that damage your finances and reputation. Understanding this and how small errors lead to penalties is crucial to protecting your business from costly consequences. What Is … Read more
Stop what you’re doing and think again about using personal credit cards for business. It might seem harmless. You’re short on cash, your business card is maxed out, and you’ve got a personal credit card in your wallet just begging to help. What’s the harm in using it once or twice for business expenses? The … Read more
Trying to save on payroll taxes? You’re not alone. Many businesses lean on independent contractors to stay lean and flexible—but if you’re misclassifying workers, it could wreck your business faster than a bad quarter. This isn’t just an HR issue. It’s a tax problem, a legal risk, and a compliance grenade waiting to go off. … Read more
Running a seasonal business can be rewarding—but it also comes with major tax headaches. If most of your income hits during just a few months of the year, you need a clear plan to stay ahead of the IRS. This tax tips for seasonal businesses guide is your playbook to stay cash-flow positive, deduction-savvy, and … Read more
If you think the IRS is only paying attention to the big fish, think again. You don’t need to be a Fortune 500 company to catch their eye—you just need a few red flags in your tax return, and suddenly you’re on their radar. So the question is: what are they actually looking for when … Read more
