Tue, 05 Nov 2024 15:40:33 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://www.patriotsoftware.com/wp-content/uploads/2020/01/cropped-site-favicon-32x32.png 32 32 https://www.patriotsoftware.com/blog/accounting/tax-relief-disaster-situations/ Tue, 10 Sep 2024 15:58:00 +0000 https://www.patriotsoftware.com/?p=50390 When disaster strikes, you have a lot on your mind. Your first thoughts might be of repairing damages and getting your business back up and running. But then, it hits you … Oh no, my taxes are due soon. Thankfully, there’s tax relief in disaster situations. Tax relief isn’t the only type of government assistance […]

Read More

]]> https://www.patriotsoftware.com/blog/accounting/corporate-tax-rate/ Mon, 06 May 2024 17:55:00 +0000 https://pslohio.wpengine.com/uncategorized/corporate-tax-rate/ Your company’s tax liability largely depends on the business structure you choose. And if you structure your business as a corporation, you’re responsible for paying the corporate income tax rate on company earnings. So, what is the corporate tax rate? How do corporation taxes work? A corporation, or C Corp, is a business structure where […]

Read More

]]> https://www.patriotsoftware.com/blog/accounting/small-business-tax-deductions-checklist/ Thu, 21 Mar 2024 18:57:07 +0000 https://www.patriotsoftware.com/?p=67579 Business expenses add up—fast. Fortunately, there are extensive tax deductions available for small business owners to offset the cost of running a business. Unfortunately, tax deductions can be complicated and confusing. Use our small business tax deductions checklist to simplify tax time, check out common FAQs relating to deductions, and get tips.  Small business tax […]

Read More

]]> https://www.patriotsoftware.com/blog/accounting/business-tax-attorney/ Wed, 21 Feb 2024 14:30:00 +0000 https://www.patriotsoftware.com/?p=66766 There might come a time when you need to hire a business tax attorney. An experienced business tax attorney can help you structure your company, dispute legal challenges involving taxes, and more. Do you need to hire a tax lawyer for your business? Learn what tax attorneys do, when hiring one makes sense, and more. […]

Read More

]]> https://www.patriotsoftware.com/blog/accounting/small-business-tax-tips/ Thu, 15 Feb 2024 15:29:49 +0000 https://www.patriotsoftware.com/?p=66697 Accountants, business owners, and individuals aren’t safe from tax-time stress. One in four Americans say tax season is so stressful and complicated that they procrastinate filing. So whether it’s your first or 31st time filing taxes as a business owner, there are ways to simplify the process. You need a cheatsheet of small business tax […]

Read More

]]> https://www.patriotsoftware.com/blog/accounting/business-use-vehicle/ Mon, 18 Dec 2023 21:37:00 +0000 https://www.patriotsoftware.com/?p=61218 How often do you drive to meet a client or your accountant? Do you frequently make bank runs for your business? Depending on your business use of vehicle, you may qualify for a nice-sized tax deduction. So, do you qualify for the business mileage deduction? What about the Section 179 deduction? If so, how much? […]

Read More

]]> https://www.patriotsoftware.com/blog/accounting/self-employment-tax-deductions/ Mon, 18 Dec 2023 21:25:00 +0000 https://pslohio.wpengine.com/uncategorized/self-employment-tax-deductions/ If you are self-employed, you might be overwhelmed by the expenses you have, including your self-employment tax liabilities. However, you can claim self-employment tax deductions to reduce the amount you owe in taxes. See how you can take advantage of self-employed tax relief below. Who is self-employed? You are self-employed if your business is unincorporated. […]

Read More

]]> https://www.patriotsoftware.com/blog/accounting/calculate-business-mileage-deduction/ Mon, 18 Dec 2023 20:53:00 +0000 https://pslohio.wpengine.com/uncategorized/calculate-business-mileage-deduction/ Miles spent driving to meet clients, going to an office supply store, and depositing a customer’s check at the bank can add up. If you use a vehicle for small business purposes, you might qualify for a business mileage deduction from the IRS. You might be thinking that a business mileage deduction is only going […]

Read More

]]> https://www.patriotsoftware.com/blog/accounting/sales-tax-holiday/ Wed, 05 Jul 2023 20:56:00 +0000 https://pslohio.wpengine.com/uncategorized/sales-tax-holiday/ For business owners in most states, collecting and remitting sales tax is part of the job description. But on select dates throughout the year, your customers can take advantage of a sales tax holiday. As a business owner, you must know about and adjust your collections process for sales tax holidays. Read on to learn […]

Read More

]]> https://www.patriotsoftware.com/blog/accounting/bookkeeping-tips-charitable-donations/ Tue, 20 Jun 2023 16:44:00 +0000 https://pslohio.wpengine.com/uncategorized/bookkeeping-tips-charitable-donations/ Do you enjoy contributing to your favorite nonprofit organizations? If your business makes charitable donations, you’re automatically eligible for the joy of giving. And, you may qualify for a tax deduction. Knowing the ins and outs of small business charitable donations can help you better prepare for tax season. Read on to learn how to […]

Read More

]]>