6 Year-End Tax-Planning Questions Entrepreneurs Should Ask to Maximize Their 2018 Savings

You can realize big savings if you understand the details about the Tax Cuts and Jobs Act of 2017. So, don’t wait until year’s end. October 10, 2018 4 min read Opinions expressed by Entrepreneur contributors are their own. With 2018 being the first year that the Tax Cuts and Jobs Act of 2017 will impact tax returns, entrepreneurs shouldn’t wait until the last minute to review their tax strategy. To help provide guidance, here are six year-end tax-planning questions small business owners can use to maximize their savings this year. Related: Grading the Tax Cut and Jobs Act: What It Means for Small-Business Owners By talking to a tax advisor now, entrepreneurs can potentially save hundreds of thousands of dollars in the years to come by understanding this major tax reform law, and taking action before the end of the year. There is a lot of confusion over what has changed, and a thorough […]

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5 Things You Absolutely Need to Know About Cannabis Taxes

Managing marijuana taxes is no joke. Here’s what you need to do to keep the IRS off your back. August 3, 2018 4 min read Opinions expressed by Green Entrepreneur contributors are their own. Tens of thousands of people have left traditional careers or pivoted to join the cannabis space within the last five years. The one thing all these people will all tell you is that with legalization comes new layers of business responsibilities. Taxes, and how they are levied and collected, are causing major growing pains. Getting everything right is crucial in developing positive relationships with government regulators, vendors, end consumers, and ultimately protecting the bottom line. Here’s how the most successful entrepreneurs are managing it. Related: What East Coast Cannabis Entrepreneurs Can Learn from Colorado 1. Understand Local Tax Laws The importance of taxation is quite apparent in California, the largest and most diverse legal cannabis market in the […]

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Finally, the Feds Are Cutting Startups Some Slack: Why the New Tax Law Is a Game-Changer

The Tax Cuts and Jobs Act: What’s in it for you? Read_more Related posts: This Marketing Strategy Is a Game Changer for Resource-Strapped Startups Why Networking in Person Can Be a Game Changer How To Use The Comparison Game To Your Advantage Instead Of Just Feeling Like A Piece of Sh*t Is 2018 the Year Legal Cannabis Finally Comes of Age? How Canada’s Marijuana Legalization Changes the Game 5 Ways to Fatten Your Bottom Line by Drastically Cutting Energy Costs If the Feds Don’t Act, Expect More Autonomous Car Accidents The Feds and the States Are Embracing Privacy Law — What That Means to Your Business

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These Are the Most Common Tax Filing Mistakes for Entrepreneurs — and How You Can Avoid Them

As the tax deadline draws closer, reduce the stress on your business by following these tips. April 2, 2018 4 min read Opinions expressed by Entrepreneur contributors are their own. Tax season can be a stressful time for small-business owners. Many find themselves paying for mistakes that could have easily been avoided with proper planning. Here are some common mistakes made during the startup and operation of a small business, as well as ways that you can avoid these mistakes. 1. Not working with a qualified expert The first step in creating a small-business tax plan is finding an expert to assist you in forming a plan. It is commonly said that “failing to plan is planning to fail.” This is especially true in the small-business world where proper planning can make all the difference. Nearly all of the following mistakes can be avoided with the advice of an expert. […]

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