Our Business Blog

Whether you're starting a new business or looking to expand your existing one, it's important to understand your options when it comes to filing taxes. Tax filing is a complex process that requires considerable attention to detail. Most people don’t enjoy the idea of tax season, and they often put it off until the last moment. However, if you do your own tax preparation you can make crucial mistakes that will increase your tax liability and cost you more money. The first step in avoiding costly mistakes is knowing what to expect from your taxes. If you can stay on...

  Ingramtaxes.com LLCs are a great way for entrepreneurs to make their personal and business finances separate. But how will they be taxed? LLC taxes are one of the first things that you need to take care of on the way to starting your own company. You will need to file both state and federal tax returns as a single-member LLC. These documents will be required for opening your new business bank accounts, so it’s best to get them done as soon as possible. You may be able to prepare both sets of taxes on your own if you have...

Having a virtual assistant literally took so much time off my hands. Being swamped all the time with hours and hours of work literally just made me want to quit being a small business owner and give up. I had to do follow ups, send out emails, do all the work on our website, place orders, let’s just say I had to pretty much do every and anything to keep our business running properly. That right there, is what I did wrong, very wrong. At some point when owning a small business you should delegate most of the simple task to...

Everyone knows there's a bunch of hidden costs when it comes to buying real estate. You have inspection fees, attorney fees, appraisal fees, and so on and so forth. All of these fees, what you call closing costs, sum up to be anywhere from 3 to 6 percent of the total loan. And that depends on if you go with a FHA loan or a conventional loan. With an FHA loan you may pay more fees than what you would if you went with a conventional loan. This is all because you may be a little riskier credit wise, FHA...

There are many tax deductions that bloggers are able to use to when it comes down to tax season. This consists of conventional work supplies, like paper, pens, food, travel, and all of the above. All of these items are tax deductible charges for your return. 1. TravelWhen you drive to work, it is consider to be a business expense since it 's the way you make a living. With that being said, you may deduct the mileage used on your cars, maintenance, and even gas. Make sure you keep your receipts accounted for when you do, it's always good practice when you...