Amy Northard, CPA - The Accountant for Creatives

If you’ve ever cleaned out your closets, donated old furniture, or written a check to a nonprofit organization, you may have wondered if those charitable donations can lower your tax bill. Since the rules about tax deductions for charitable contributions can be confusing, in today’s post, I’ll explain how it all works for your personal taxes and for small business owners. I’l...

Bonuses are a type of compensation that many businesses, including small businesses, often use to reward hard work, improve employee morale, or share the business’ success. But are bonuses taxed differently? And is that the smartest way to reward employees? In today’s post, I’ll explain everything you need to know about how bonuses are taxed.

If you own a small business, then you’ve likely heard the terms “franchise tax,” “gross receipts tax,” and “privilege tax,” but you may not be clear on the difference between these and how these taxes can impact your business profits. In today’s post, I’ll explain how these state-level business taxes differ, and I’ll show how understanding them can strengthen your business’s ...