Welcome to our ‘Tax Strategy for Small Business’ section, where we offer a wealth of knowledge and insights on various aspects of business taxation. Our team of experienced CPAs and financial experts regularly share articles to help you navigate the complex world of business taxes. Whether you’re seeking tips for deductions, updates on tax regulations, or strategies for tax optimization, you’ll find valuable information here. Stay informed and make informed tax decisions with Bearden, Stroup & Associates, CPAs.
When you make charitable donations, you want to get the maximum benefit for tax purposes. You may wonder if you should run those donations through the business. Will you get extra tax benefit?
Should Charitable Donations Be Made by the Business or the Owner? Read More »
Hiring an accounting firm is a big decision for any small business. Every dollar counts when you’re juggling expenses and trying to keep the business growing. When you hear that accounting fees might be tax-deductible, that sounds like a win. But with tax laws constantly changing, it’s easy to get confused about what you can
Are Accounting Fees Tax Deductible: Separating Fact from Fiction for Small Businesses Read More »
Tax planning is a strategic approach to managing financial affairs to minimize tax liabilities and maximize tax benefits. It’s a proactive process that involves evaluating various tax strategies to ensure you take advantage of all available deductions, credits, and exemptions. This goes beyond simply preparing an income tax return; it requires a comprehensive understanding of
What is Tax Planning? Read More »
Updated 9/26 Knowing which tax return your business needs to file depends largely on your business structure, number of owners, and any tax elections you’ve made. An experienced business CPA firm like Bearden Stroup & Associates CPA can help simplify the process through their experienced business consultants! When deciding on the appropriate business tax form,
What Tax Return Do I Need To File For My Business? Read More »
Secure Act 2.0 created some exciting new tax credits for small businesses related Employee Pension Plan costs. Although the terminology used in the legislation is “Pension Plan”, this credit applies to many types of business retirement plans including the Simplified Employee Pension (SEP plan), SIMPLE IRA, and 401k plan. This is exactly the kind of
Tax Credits for Small Business Retirement Plans Read More »
Today, we’re going to simplify two very important monthly financial statements and accounting for your business: The Income Statement (also called the Profit and Loss Statement) and the Balance Sheet. If you’re a small business owner, understanding these can make a huge difference in how you manage and grow your company. Imagine you’re on a
The Complete Guide to Small Business Tax Filing: Tips from Expert CPAs Read More »
