Published Sep. 20, 2012
IRS links on tax questions.
Published Aug. 11, 2012
A Quick Reference Guide for Start-up and Existing Small Businesses in Austin and San Antonio
Published Aug. 10, 2012
Following a number of years in the insurance industry, five years ago I left my job to have a child and be a stay-at-home mom. Now that my son is beginning school, rather than returning to work, I’m thinking about starting a business. What advice can you offer? Read more...
From raising capital to taxation to transferability of interest--there are a multitude of factors to consider when evaluating which business type might be right for your particular situation. Sometimes comparing complex options is easier when you can look at them side-by-side. The Business Entity Comparison Guide allows you to select the business types you'd like to compare and see how they stack up on key characteristics.
Interested in comparing business entity types? Visit the Business Type Comparison Guide.
The IRS maintains a valuable collection of resources for small businesses called the Small Business and Self-Employed Tax Center. Visit their site for forms, articles, videos, webinars and audio presentations for small businesses.
Aaron Dauner learned a thing or two in his 10+ years of painting and detailing trucks and buses. One of the hardest tasks of his work was masking around the tires, hubs and lug nuts. He knew a professional appearance on the wheels was important for resale value and Department of Transportation compliance and saw an opportunity to create a business from this task. He turned to SCORE for guidance in all aspects of a small business launch - from product design to accounting practices.
www.tiremask.com
My Successes
Over the course of 2 years, Aaron developed the Tire Mask product line to reduce masking and clean up time during the servicing of the millions of truck, trailer and bus wheels currently on the road. In 2001, he had patented the Hubb Capp mask and his new Tire Mask line complemented it perfectly. He now offers a complete wheel masking kit and his products will be distributed by Imperial Supplies/Grainger and Napa/Balkamp.
Aaron's business has flourished during the economic downturn as fleets are holding on to equipment longer and thus needing to repaint rather than buy new. He is proud to offer 100% Made in America products comprised of at least 50% post consumer recycled materials and which are 100% recyclable after use.
How SCORE Helped
Aaron reflects on SCORE's impact on his success saying, "It was the SCORE meetings that really helped me focus my ideas into a business. The best thing about SCORE is the counselors have 'been there and done it.' If a person has a question, they are very knowledgeable. And that knowledge comes from years of experience."
Summary
If you’re like most small business owners, you overpay thousands of dollars every year - money you could be using to grow your business - in taxes. Attend this entertaining, fast-paced webinar to learn the last minute secrets to rescue thousands in savings and take advantage of every available break!
If you get all of your ducks in a row and get organized about your business’ tax situation, you’ll pay considerably less in taxes and have more money to grow your business. Here are some things you should be doing on a proactive basis to squeeze the most from your tax return.
By Dominique Molina, CPA
When you run a small business, every penny counts. A 2% discount from a supplier can add up to thousands of dollars in profits over a couple of years, for example. Planning ahead for your taxes can also make a huge difference. If you get all of your ducks in a row and get organized about your business’ tax situation, you’ll pay considerably less in taxes and have more money to grow your business.
Here are some things you should be doing on a proactive basis to squeeze the most from your tax return:
Even if you don’t expect to owe anything in taxes for your new business, you need to start implementing some strategies to make sure you’re maximizing your opportunities. Here are some important tax factors to consider when you’re forming a business.
By Dominique Molina, CPA
When you’re first forming your business, taxes may be the last thing on your mind. Depending on your business plan, you may not expect to show a profit in the first year or two, so you’re not particularly concerned about paying quarterly taxes. You know that, until next April, you don’t need to be too concerned.
Published Mar. 6, 2012
There are plenty of legitimate ways to decrease your small business tax burden within the framework of the law. Here are a few you can consider.
By Dominique Molina, CPA
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