by Nolan Accounting | Nov 7, 2019 | Tax Laws
The Internal Revenue Service (IRS) passed legislation in 1986 called the Kiddie Tax Law to prevent parents with a high net worth from transferring the reporting of interest earned on investments to their children. Parents sometimes took this action to avoid or lower...
by Nolan Accounting | Oct 22, 2019 | Expenses, Small Business Accounting
The Internal Revenue Service (IRS) recommends that business owners keep good records for a variety of reasons. Maintaining timely and accurate records allows the business to monitor its progress and success, identify where income comes from, track expenses the company...
by Nolan Accounting | Jul 17, 2019 | Small Business Accounting
As a new small business owner, making the right choices from the start means minimizing your tax burden, taking advantage of tax breaks for business owners, and avoiding potential fines and other consequences later. We discuss three of the most important start-up tax...
by Nolan Accounting | Apr 15, 2019 | Small Business Accounting
Business owners want to both do the right thing and save as much cash as possible during tax season. Some of the most common questions surrounding business taxes have to do with payroll issues. Take these steps with your payroll now to make sure you are well prepared...
