Why Monthly Accounting is More Than Just Tax Prep for Your Childcare Center
Running a daycare center is a rewarding endeavor, but it also comes with significant financial responsibility. Many childcare centers, especially smaller ones, treat accounting as an annual chore – something to scramble through just before tax season. But what if I told you that monthly accounting is the secret weapon to your daycare’s financial health? […]
Tax Time Treasures: Uncovering Hidden Gems in Your 2024 Business Deductions
It’s that time again – tax season looms on the horizon, and with it comes the annual scramble to gather receipts, wrangle spreadsheets, and decipher the ever-shifting tax code. But fear not, fellow entrepreneurs! Buried beneath the piles of paperwork lies a trove of potential deductions just waiting to be unearthed, ready to lighten your […]
Tax Deadlines: Don’t Get Left Holding the Penalty Slip!
Every January, a collective shiver ripples through the nation as individuals and businesses alike face the looming specter of tax season. But fear not, brave taxpayers! With a little knowledge and planning, navigating the deadlines and avoiding penalties can be less nerve-wracking than conquering your New Year’s resolutions. Individuals: April 15th: The classic, the granddaddy […]
Navigating the New ERC Landscape: Updates and Withdrawals Explained
The Employee Retention Credit (ERC) landscape has shifted, and understanding the latest developments is crucial for businesses. If you’re an employer navigating the ERC, buckle up – here’s a quick rundown of what you need to know. Moratorium on New Claims: As of September 14, 2023, the IRS imposed a moratorium on processing new ERC claims. […]
Demystifying Beneficial Ownership: Why Registering Matters and How Etax Can Help
The veil of secrecy surrounding corporate ownership is lifting, and with it comes a new era of transparency. The Corporate Transparency Act (CTA) of 2021 mandates the registration of Beneficial Ownership Information (BOI) for all companies formed or registered in the United States. This may sound like a bureaucratic hurdle, but it’s actually a crucial […]