Do Nonprofits Ever Pay Taxes?

Do Nonprofits Ever Pay Taxes?

When you think about a nonprofit, the first thing that often comes to mind is that it is tax-exempt. Most nonprofits are not subject to federal, state, and local income tax. Does that mean nonprofits are completely free of ANY tax liability? The answer to this is...

How to Make Estimated Tax Payments

How to Make Estimated Tax Payments

f you are paid a salary and receive a W-2 from your employer, part of your paycheck goes to Uncle Sam as federal withholding. These are payments toward your taxes. If you earn additional income beyond your salaried income, if you are under-withheld, or if you have your own business, you may need to make estimated tax payments through the tax year. These estimated tax payments can be made on a quarterly basis.

The 10 Biggest Money Leaks in your Accounting System

The 10 Biggest Money Leaks in your Accounting System

The last thing most entrepreneurs want is for their hard-earned dollars to go down the drain because of a money leak in their business. Since so many entrepreneurs are working harder than ever before earning their living, it just makes sense to shore up every profit leak possible. But you might not know where they are or what to look for. That’s where we can help. We have compiled some common issues to help you identify areas in your business where you might be able to plug some profit leaks and keep more of the cash you are making.