by 5 Star Accounting & Business Solutions LLC | Business, Tax
As a small business leader, you know the pain all too well. So many businesses closed their doors for longer than expected. In some situations, businesses shuttered indefinitely. While the pandemic’s financial ramifications vary from business to business,...
by 5 Star Accounting & Business Solutions LLC | Business
Taxpayers have three extra months to pay their taxes this year as the country continues to reel from the COVID-19 pandemic. The Internal Revenue Services extended the deadline on March 21, which also applies to tax payments. No penalties or interest will be incur...
by 5 Star Accounting & Business Solutions LLC | Tax
There are perks and downsides to living the life of a freelancer. When it comes to handling taxes, however, there should be zero worries regarding tax liabilities estimates. Freelancers must navigate a host of tax responsibilities that are typically...
by 5 Star Accounting & Business Solutions LLC | Business, Tax
Calculating sales tax for business can be a confounding process for small business owners. Since sales taxes are imposed by a government entity (such as a state, city, county, or district), the amount is calculated based on the location of the sale of goods and...
by 5 Star Accounting & Business Solutions LLC | Business, Tax
Tax season comes to all businesses big and small, and can be a headache no matter how well you think you’ve prepared. For a small business owner wearing many (or all) hats in the business, it’s an unwelcome extra task sure to cause late hours and frayed nerves. To...
