As April 15 approaches, tax filing season is in its home stretch. This might be causing you some level of anxiety. Given how the recent government shutdown and newly implemented tax reforms have impacted small businesses, organizing documents for 2018 may have become slightly more complicated. Yet you don’t have to panic if you still […]
The 2019 tax season marks the first time your small Nashville business will file returns under the reforms instituted through the Tax Cuts and Jobs Act of 2017. This means you could enjoy higher deductions or savings, given the new federal tax provisions. For example: Small businesses structured as sole proprietorships, partnerships, limited liability companies, […]
The federal government shut down on December 22, 2018, forcing a range of government offices to cease or reduce their operations. The shutdown has now lasted over a month and is the longest in U.S. history. Whether or not it ends soon, your small businesses might be suffering its impact.
According to the Washington, D.C.-based research firm Clutch, 58 percent of small businesses aren’t prepared for data loss, and 60 percent would be forced to shut down within six months of such a catastrophic event. Those are sobering numbers to be sure, though not completely unexpected given the importance of data to a small businesses […]
Did you work with contractors or vendors in the past year? Or did you shell out some business-related payments, like rent or legal fees? With the turn of the year, you might need to add an important item to your to-do list: organizing 1099-MISC forms. You’ll need to file this statement and send copies to […]
