If you are self-employed, either as a small business owner or independent contractor, you are required to pay quarterly estimated taxes. Learn more about them in this article.
As a Raleigh small business owner, your profit and loss (P&L) statement can help you prepare your tax return, can open the door to getting approved for lines of credit, and also provides you with key information regarding your business’s financial health. However, many business owners don’t prepare their statements regularly (or at all!), or […]
Congratulations on starting your own business! Whether you’re an independent contractor or a new start-up, you have a lot on your plate as you establish yourself and your business, but one thing you need to consider, if you haven’t already, is tracking your small business expenses. We know small business accounting and bookkeeping may not […]
This year’s tax season is now in full swing, and it’s time to meet with your CPA as soon as possible. Here’s how to make the most of your time with your CPA and what you’ll need to bring along to your tax preparation meeting.
Creating and sticking to a holiday budget is incredibly important. Doing so will ensure that you avoid putting yourself into a tight financial situation and eliminate some holiday stress. So, our Raleigh CPAs at Carson Thorn, CPA, PLLC have compiled a list of tips on how to create and stick to a holiday budget.
In today’s online world, identity theft and fraud are becoming more common. However, there are measures to protect yourself. Find out what steps you should take to help prevent online criminals from stealing your information.
Selling your home is a great way to boost your income in a given year. But, do you know how the sale will affect your tax obligation? If you meet certain criteria, you might actually be exempt from payment on your sale!
Knowing the best filing status for your situation is important to take advantage of the deductions and tax credits you are due. However, divorce and separation can really make things complicated. Learn how you can properly file taxes during a divorce.
Giving to charity is a great thing. Helping others by donating or giving by other means can really help those who are less fortunate. At the same time you can receive tax deductions, but strict rules must be followed.
Having the right financial and tax strategy is the best way to help your business remain profitable and competitive. Here are some top tips to help your small business.