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Tax Season Survival Guide for Small Businesses

Feb 04, 2025

 Tax season: the one time of year when even the most organized business owner starts sweating bullets. If you're a small business owner, you know the drill—digging through piles of receipts, scrambling to meet deadlines, and praying to the IRS gods that you didn’t miss something critical. But let’s be real: tax season doesn't have to feel like a financial horror movie. With a little prep and some smart strategies, you can breeze through it like a pro.  

Here’s your no-BS guide to surviving tax season without losing your sanity (or getting a nasty surprise from Uncle Sam).  

 

Get Your Books in Order (Like, Yesterday)  

If you’re still stuffing receipts into a shoebox or tracking expenses on a cocktail napkin, we need to talk. Proper bookkeeping isn’t just about making tax time easier—it’s about knowing where your money is going before it’s too late to fix mistakes.  

What to do now:  

✅ Reconcile your bank accounts and credit card statements  

âś… Categorize expenses properly (Hin...

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Facing IRS Troubles? Here’s How to Take Back Control of Your Business

Dec 30, 2024

 As a small business owner, you’ve probably heard the saying: nothing is certain except death and taxes. But what happens when those taxes catch up to you in ways you didn’t expect? Whether it’s an overlooked payment, a miscalculation, or an honest mistake, tax debt can quickly spiral into a source of stress that keeps you up at night.  

But here’s the good news: it’s not as hopeless as it seems.  

Small business owners often think of the IRS as an unbeatable foe, but in reality, it’s an organization that *can* work with you—if you know how to approach the situation. The key is taking action sooner rather than later.  

Step 1: Open the Envelope 

If you’ve ever avoided an IRS notice like it’s an ex texting, you’re not alone. But burying your head in the sand will only make things worse. IRS letters are scary, yes, but they’re also your first step toward resolving the problem. The quicker you understand what they’re asking for, the faster you can come up with a solution.  

Step 2: I...

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