Business Tax Archives - Erin Armstrong
Business Success During A Recession

Business Success During A Recession

We’ve all seen the warning signs for a while, but now it looks more and more like we’ll see a recession this year. The good news? Many economists are predicting that this recession won’t be as severe as they initially feared. The bad news? Recessions (even mild ones)...

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Why are S-Corps a Big Deal?

Why are S-Corps a Big Deal?

If you’ve been in business for a while, you’ve probably heard something about the tax advantages of operating as an S corporation. At the same time, you might not know what specific tax advantages S-Corp status provides. So today, we’re going to take a brief look at...

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U.S. Tax Return Update + Additional Resources

U.S. Tax Return Update + Additional Resources

As promised last week, I'm writing to share helpful financial updates affecting small businesses in relation to this pandemic. I expect more to come, but this is what has evolved since I last checked-in: >> 2019 Federal Tax Returns due date (+payment) extended!...

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Two Simple Last-Minute Tax Tips

Two Simple Last-Minute Tax Tips

Whether you're looking to save money, lower your tax bill, or simply have confidence you took smart year-end actions, there are many things you can do to help lower your tax bill. But today I'm going to share my two simple last-minute tax tips! These two last-minute...

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Small Business Tax Deductions Checklist

Small Business Tax Deductions Checklist

Whether you identify as a creative, small business owner, solopreneur, or freelancer, it can be challenging to find a list of applicable small business tax deductions! (I don't know about you, but I've looked at multiple lists of small business tax deductions only to...

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1099 Contractor Reporting for Your Small Business

1099 Contractor Reporting for Your Small Business

Last week two of my clients expressed some confusion over 1099 contractor payments, and I thought, Hmmm, this discussion would probably be relevant and helpful to many of my readers. Plus, the end of the year always comes quicker than you expect... so if you haven’t...

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