Small business Archives - Juanita Bookkeeping Group

There are two different types of government business loans available to help small businesses stay afloat during the coronavirus emergency that are quite different in nature. The Paycheck Protection Program…Continue readingSide-By-Side Comparison of the Paycheck Protection Program and Economic Injury Disaster Loans

Bookkeeping, Small business, Taxes

Don’t Overlook These Essential Small Business Tax Credits

October 23, 2019October 23, 2019Marilyn Rushing

At their core, tax credits are a very particular type of benefit designed to offset the actual tax liability associated with SMBs around the country. This isn’t the same thing as…Continue readingDon’t Overlook These Essential Small Business Tax Credits

Bookkeeping, Small business, Taxes

Are You Subject to Self-Employment Tax?

October 18, 2019October 18, 2019Marilyn Rushing

Article Highlights: Self-employed Individuals Estimated Taxes Self-Employment Tax Estimated Tax Safe Harbors 1099-MISC and 1099-K Others Subject to Self-employment Tax income Not Subject to Self-employment Tax Self-employed individuals, unlike employees,…Continue readingAre You Subject to Self-Employment Tax?

Small business, Taxes

What Are My Chances of Being Audited and How Can I Reduce Them?

September 18, 2019September 18, 2019Marilyn Rushing

First, don’t panic. Audits are relatively rare, as fewer than 1% of taxpayers grouped by income level will get that dreaded notice on IRS letterhead. Per the linked statistics, for the average…Continue readingWhat Are My Chances of Being Audited and How Can I Reduce Them?

Category: Small business