The Neat Small Business Blog

irs audit without receipts
April 17, 2019

Surviving An IRS Audit Without Receipts

When it comes to striking fear in the hearts of millions of people, few are as powerful as the IRS. Just hearing the word “audit” can send many of us into a frenzy looking for receipts to prove our expenses. …

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February 28, 2019

Independent’s guide to the 20 percent pass through deduction

As an independent, freelancer or 1099-er you may have been keeping a close watch on tax time this year as there are some significant changes to business tax code that could put extra money in your hands this year.  The …

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sales tax
February 14, 2019

Quickbooks study finds small businesses concerned over Wayfair Decision on sales tax

In June 21, 2018 the Supreme Court ruled against quickbooks regarding internet companies paying state sales tax.   This is known as the Wayfair decision. Even more concerning, only 7 in 10 small business owners had known about the Wayfair ruling

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tax filing
February 8, 2019

Tax filing for Self Employed: What you need to know

For a small business owner, tax season can be an anxiety-inducing time. Don’t panic! There are some strategies you can use while filing your 2018 taxes as a self-employed individual to maximize your deductions and credits.

The IRS levies four …

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February 1, 2019

Making Sense of Your 2018 Business Taxes

Part of winding down any calendar year includes preparing and filing your 2018 Business Taxes. Due to recent changes to the tax code, navigating tax filing as a small business owner can be confusing. How can you file to save …

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January 16, 2019

Important Tax Deadlines for filing 1099s

Deadlines for filing 1099s are rapidly approaching.  If you’ve been employed by any company, you should be familiar with the W-2 tax form, or the IRS “Wage and Tax Statement.”  Employers are required to send one copy of this form …

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January 8, 2019

How a receipt scanning app can save time, money and pain come tax time

Small business owners have a lot on their plates, especially at the beginning of the new year.  January means a lot more than broken resolutions and blizzards (depending on your latitude). It is the time when you begin preparing your …

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January 3, 2019

3 Small Business Tax Audit Triggers – Red Flags the IRS Looks For

As a small business or sole proprietorship, taxes are unavoidable.  Paying your taxes correctly and on time is important to your business — after all, the last thing any entrepreneur wants is to face an audit from the IRS!  A

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April 11, 2018

How the 2018 tax reform act will impact small business

Small Businesses Need to Keep Detailed Records Under 2018 Tax Reform Act

With the government introducing a new tax act in 2018, small businesses will need to familiarize themselves with a couple of differences that may affect their operations. The …

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March 22, 2018

Getting the most from your small business tax deductions

As a small business owner, you are the backbone of the US economy and should get the most from your small business tax deductions.  As tax day rapidly approaches, millions of small business owners, independent consultants and 1099 employees around …

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