Updated April 2018 Sometimes we aren’t quite as prepared for tax time as we’d like to be! Which is why knowing how to file a tax extension comes in handy. Tax payments however, except in a few special cases, cannot be granted a time extension and the due date is April 18 (for individuals) to […]
Taxes for Businesses
Understanding State Tax Law For Businesses: Illinois
As we all are aware, each state differs in the way they handle taxes for businesses. In this post we will focus on Illinois tax law, starting at a high level and working down to some key details which may spark some creative thinking for what you can do to decrease your business’s tax contribution. […]
List of the Best Tax Deductions for Businesses
Business owners are often hit hard with taxes, which is why deductions and credits are so important to keep track of over the tax year, to minimize as much as possible what you’ll be handing over at the end of your business year. Business Tax Credits Plug-In Electric Drive Vehicle Credit See if your electric […]
What You Need to Know About Federal Tax Law for Businesses
The federal tax law has many requirements and benefits for every type of business out there. These laws vary depending on your business’s legal structure, and the following info will help you determine what you’re eligible for. The following business structure descriptions from www.irs.gov will help you determine which forms you’re responsible to fill out: […]
Understanding Wisconsin State Tax Law for Businesses
As we all are aware, each state differs in the way they handle taxes for businesses. In this post we will focus on Wisconsin state tax law, starting at a high level and working down to some key details which may spark some creative thinking for what you can do to decrease your business’s tax […]
What You Need to Know About Federal and State Tax Law for Businesses: Intro
In this series we’ll simplify tax prep and help decode the mysterious tax code, including: Specifics about federal and state corporate taxes, including income and payroll taxes Choosing the best legal structure for your company How to organize your books each month Various types of write-offs/deductions like: Charitable donations Business start-up costs and improvements Business […]
