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Why Hiring a Tax Pro Boosts Your Small Business (and Saves You Money)

MyIRSRelief

Marketing and Advertising: Marketing agencies specializing in social media management, content creation, or public relations can thrive with smaller, creative teams. 1120S (S Corporations): S corporations offer pass-through taxation, where corporate income is passed directly to shareholders’ personal tax returns.

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Small Business Tax Deductions Checklist: All You Need to Know About Tax Deductions

Snyder

You can deduct it on Schedule C of Form 1040, Profit or Loss From Business (Sole Proprietorship) or on your applicable business income tax return. Besides, business owners can deduct their payroll tax. It doesn’t apply to the federal taxes or the FICA taxes, only to an employer portion of the payroll tax.

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From Filing to Deductions: Understanding Tax for Web Design Companies

Steve Feinberg

While more complicated, paying quarterly taxes can help small businesses and freelancers avoid the burden of a single, larger tax bill at the end of the year, and stop them from overpaying. Self-employed designers must fill out a tax return, much like all businesses should, on or before the deadline.

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