The United States IRS has extended the tax deadline for 2021 until Monday, May 17th! This means you have an additional month to file your taxes. Of course, it is possible to file an extension by submitting Form 4868, which means you have until Oct. 15th to file your...
For the past 21 years, Business Financials’ corporate mission has been to provide top-notch service for bookkeeping, payroll, and human resource solutions to small and medium-sized businesses. With the addition of the Trainum & Smith team, we will now be able to expand those services to tax preparation as...
If you are one of the thousands of businesses struggling now with the COVID-19 pandemic, you are not alone. Small businesses have been hit hard by mandatory closures and safety measures required to slow the spread of the coronavirus (COVID-19). There are some of the resources available: Federal Coronavirus...
The challenges you face when first opening a small business often come as a surprise. It’s a learning process, and you grow stronger with every move. Arguably one of the toughest parts of running a business is managing the people who are supposed to help you succeed. From finding...
We want our clients to know that there have been changes in taxes… The Tax Cuts and Jobs Act is now law. The House and Senate approved the bill on Dec. 19. It passed 227-203 in the House with no Democratic votes and 12 Republican “no” votes. The Senate then passed...