Filing taxes for a nonprofit is probably not on anyone’s “bucket list.” When you’re busy running a charitable organization that is serving a need in your community, the last thing you’re looking forward to is tax time. We get it! Tax returns can be stressful enough on...
Taxes
6 Top Tips For Filing Your Small Business Taxes The First Time
Filing small business taxes for the first time can be pretty intimidating. There are so many forms to file, receipts to keep up with, and dates to remember. Then there’s the pressure of missing potential deductions, overlooking something important, or heavy...
2023 TN Farm Tax Exemption (What You Need To Know To Shop Tax Free)
Many times, we think of tax exemptions and immediately picture 501(c)3 nonprofits…churches, soup kitchens, and other similar charities. The government allows them to skip paying sales tax when they buy things they need in order to serve their community. However, did...
9 Questions To Help You Know Whether Or Not You’re Really A Farmer to the IRS
In everyday conversations, if someone is described as a “farmer”, we automatically assume that we understand what they do on a basic level. However, when you use the term from the IRS’s standpoint, not everyone who farms is a farmer. In this post, we’ll give you the...
How A Good CPA Makes Your Small Business Tax Preparation Easier
Small business tax preparation is a big deal this time of year. As busy business owners scramble to get their tax documents together and say goodbye to last year, accountants everywhere are sharpening their pencils and getting ready to go. Taxes are complicated,...