Cleaning Up Your Chart of Accounts Before Year End

As the year comes to a close, it's even more important to make sure your accounting is in order, and that you're ready to hand off your financials to your CPA.  To save some back and forth between you and your CPA, it's important to review your financial statements to ensure your chart of accounts [...]

By |2017-03-03T14:57:58+00:00December 15th, 2016|Accounting Services, Entrepreneurship, Startups, Taxes|0 Comments

Illinois Sales Tax Guide for Small Businesses

Sales tax, like all tax issues, can be tricky for businesses to understand. In our Illinois sales tax guide for small businesses we answer the many questions you, as a business owner, may have. Do I even need to collect sales tax? Which customers should I collect it from and how much do I collect? [...]

By |2017-03-03T14:57:58+00:00December 14th, 2016|Taxes|0 Comments

Taxes on Affiliate Marketers– How does it work?

For a U.S. based affiliate marketer, the taxes on affiliate marketers can be daunting and time consuming to navigate.  Many affiliate marketers fail to understand what the taxes on affiliate marketers are, and how to pay them in a legal and compliant manner.  As a Certified Public Accountant who works with affiliate marketers, I am [...]

By |2017-03-03T14:57:58+00:00December 5th, 2016|Entrepreneurship, Taxes|0 Comments

7 Important Startup Tax Issues to Consider

Not all of us who take on the honorable, yet daunting task of setting up and operating a startup know about the important tax issues that can help and hurt your business. Educating yourself on these issues can save you and your startup money as you navigate yourself through these initial fiscally uncertain times. There [...]

By |2017-03-03T14:57:58+00:00November 28th, 2016|Taxes, Uncategorized|0 Comments

The Impact of a Trump Tax Plan on Small Businesses

Political affiliations aside, it's important that startups and small business owners take some time to understand the impact of a Trump tax plan on small businesses.  Focusing solely on the bottom line of small businesses, his tax plan is largely favorable.  However, it is important to note that none of what is currently on the [...]

By |2017-03-03T14:57:58+00:00November 10th, 2016|Entrepreneurship, Startups, Taxes|0 Comments