Remove bookkeeping Remove business tax Remove Colorado Remove Tax
article thumbnail

5 Tax Saving Strategies for Small Businesses

SingleTrackAccounting

We are starting down the third year of the Tax Cuts and Jobs Act and tax savings are all around us. Every year the standard tax brackets increase with inflation. Here’s a breakdown of the 2020 tax brackets. . Here are 5 tax saving strategies for small businesses. You would end up paying $1,530 in taxes.

Tax 75
article thumbnail

Avoid the Pitfalls of DIY Accounting

SingleTrackAccounting

You are running your business and doing a great job at staying on top of your bookkeeping, not to mention you are saving money by not hiring help. You could spend several hours, perhaps days navigating PPP loans, running payroll, and filing taxes even if you were organized. Working on growing your business? Think again.

Account 52