The Botkeeper Blog

3 min read

Tips for Planning Your 2018 Tax Returns

By Jess King on Jan 29, 2019 9:38:00 AM

If you’re putting off planning for your 2018 tax return, you’re running out of time.

The opening of each new tax season starts toward the end of January. Last year’s tax season began on January 29th, and while we’re still waiting to hear on this year’s timeline, it’s never too early to start planning.

Of course, most businesses leave their tax filing to their in-house accountants or outsourced CPAs, but whether you’re having a professional do it, or you’re taking the DIY approach, it’s good to get a jump start on the process.

Continue Reading
3 min read

The 3 Major Differences Between Tax Filing and Tax Planning

By Jess King on Jan 22, 2019 9:32:00 AM

Just like there’s a really, really big difference between tax avoidance (lessening tax liability and legal) and tax evasion (the deliberate under- or nonpayment of taxes and criminal), there’s a big distinction between tax planning and tax filing. Unfortunately, if you’re like most people, it’s a distinction you’re not all that familiar with.

The short version goes something like this:

  • Tax filing is when you prepare and submit your tax return to the IRS by a determined deadline.

  • Tax planning is working with a financial professional to make sure you use the tax code to your greatest advantage.

Continue Reading
4 min read

Doing Your Tax Returns Late? These 4 Tips Can Help

By Angelina DeLago on Aug 2, 2018 9:01:00 AM

Good ol' tax time is going to come without fail, and in a perfect world you would be able to pay your business taxes on time, every time. When the due date rolls around, you’d simply transfer the money to the government and be done with it.


Of course, we don’t live in a perfect world. Instead, cash flow gets tight from time to time, different things get prioritized, and before you know it you’re paying your taxes late. Life happens, right? The best thing you can do is chart a path to get back on schedule as quickly as possible. Here are four simple tips to help you get back on track.

Topics: Taxes
Continue Reading
2 min read

This just in...

By David Powers on Feb 8, 2018 7:30:00 AM

Just out is a supplement to the latest edition of the J.K. Lasser's Small Business Taxes 2018: Your Complete Guide to a Better Bottom Line.

Continue Reading
1 min read

The Definitive Guide to Small Business Expenses

By Angelina DeLago on Feb 23, 2017 9:20:48 AM

One of the first things that you’ll discover when you start a small business is just how much everything costs. From paying bills to stocking product or funding services, the expenses of running a business can be endless – and a little shocking. Fortunately (or not), not everything that you pay for is considered an “expense” in the world of finance. And those that are, can help you cut down your tax bill considerably if accounted correctly. Since every business owner knows that the number one rule of owning a business is not to mess with the IRS, it’s important to understand expenses and how to account for them early on.

  

Continue Reading
Blog_save50cta

Featured Blog Posts

Sign up for blog updates!