Bulletproof Tax & Accounting Firm

Incorporating your small business the right way can bring tax benefits and protect your personal assets. Read on to learn more about what incorporation is, why you might want to incorporate, and how an accountant can help you navigate the questions that come with selecting the right business structure. #businessincorporation https://pos.li/2jt5vx

Double Tax Trap for Remote Workers Watch Our Video and Contact Us for a Free Consultation Today - https://pos.li/2jkokj #remoteworkers #taxtips

The sad truth is that 50 percent of new businesses fail in their first year, and many of the rest only hang on for another year or two. After pouring your heart and soul into achieving your goals, it is a tragedy when finances force you to close your doors. Find out why your revenue first strategy is doomed... #taxstrategies https://pos.li/2jkojh

New Net Operating Loss Rules - Common Questions Watch Our Video and Contact Us for a Free Consultation Today https://pos.li/2jkokj #accounting #NOL

If you’re self-employed, understanding what’s deductible and recording all of your business expenses should be priorities. #smallbusinesstaxtips #taxes https://pos.li/2jkoiz

Small businesses benefit from various tax credits that reduce the amount of tax they pay to the government. Here, we discuss tax credits, why they exist and provide a list of the top tax credits that small business owners should know. #smallbusinesstaxcredits https://pos.li/2jkoim

What if disaster strikes your business? An estimated 25% of businesses don't reopen after a major disaster strikes.1 Having a business continuity plan can help improve your odds of recovering. https://www.bulletprooftax.com/content_library.htm

Slow paying customers, seasonal revenue variations, an unexpected downturn in sales, higher expenses -- any number of business conditions can contribute to a cash flow crunch. If you own a small business, you may find the suggestions that follow helpful in minimizing cash flow problems. https://www.bulletprooftax.com/content_library.htm

Avoid these common obstacles when starting a new business. Watch Our Video and Contact Us for a Free Consultation Today https://www.bulletprooftax.com/consultation.htm

If you are seeking a steady income stream from your portfolio while trying to minimize the tax impact of that income, you may want to look into municipal bonds. Municipal bonds traditionally have had a relatively low default rate and may offer diversification benefits. https://www.bulletprooftax.com/content_library.htm

The Internal Revenue Service has updated the rules to reflect changes resulting from the Tax Cuts and Jobs Act. This article will help you zero in on changes involving deductible expenses and make sure you're in compliance. https://www.bulletprooftax.com/content_library.htm

With data breaches becoming more and more common, it's important to be proactive in protecting your business against cybercrimes. Here are some thoughts on preventing cybercrimes in the first place and having a plan to protect your customers' information and your reputation should you become a victim. https://www.bulletprooftax.com/content_library.htm

The IRS is gradually rolling out a new identity protection program that prevents anyone who has stolen your Social Security number from using it to file a fraudulent return. Learn how it works and whether you're eligible. https://www.bulletprooftax.com/content_library.htm

Ask any small-business owner what he sees as the major challenges to growing his business, and chances are he'll say: winning more sales. Ask any medium- or large-business owner what her major challenges have been, however, and she'll probably say: structural growing pains -- putting into place the necessary processes and structure to accommodate a higher volume of business. In fact, one of the most common reasons businesses plateau at a certain level is their inability -- or unwillingness -- to develop the structure needed for growth. https://www.bulletprooftax.com/content_library.htm

If your business operates in two or more taxing jurisdictions, the Supreme Court’s decision in South Dakota v. Wayfair applies to you. https://www.bulletprooftax.com/content_library.htm

The so-called gig economy may be the wave of the future for a substantial number of workers. There are lots of implications - especially regarding taxes. https://www.bulletprooftax.com/content_library.htm

Financing a college or graduate school education often requires incurring at least some student loan debt. For those who qualify for it, the tax deduction for student loan interest can help ease the financial burden. https://www.bulletprooftax.com/content_library.htm

Form 941 is a crucial tool for ensuring your payroll data is accurately reported to the government and for balancing payroll in general. Get insight into reconciling Form 941 with your payroll on a quarterly and a year-end basis. https://www.bulletprooftax.com/content_library.htm