Mazuma’s 2017 Earlybird Tax Deal

Be an earlybird and take advantage of this tax deal! Send your tax documents to Mazuma by February 20th and we’ll enter you in a drawing to win a prize! Mazuma Earlybird checklist: 1.  If Mazuma did NOT prepare your taxes last year, start here: Full names and relationship of all family members Social security … Continued

Turn Your Summer Business Trip into a Family Vacation

Question:  I’m headed to a vacation hot spot on a business trip this summer and I’d love to enjoy it while I’m there. How can I bring my family along while keeping this a work trip, and share the expense? What are the rules? Answer: You can have your cake and eat it too! Grab … Continued

How to Raise Your Credit Score in 5 Easy Steps

A great credit score is desirable for all and achievable for anyone who is willing to work for it. As you know, a high credit score doesn’t happen overnight, and damaged credit scores take time to repair. First, what is a credit score exactly? Everyone has one, but they can be confusing to understand. A … Continued

Top 10 Accounting Terms Every Small Business Owner Should Know

    As a small business owner, you’re not expected to know the ins and outs of accounting…until you are. It isn’t until some kind of financial crisis happens that many small business owners are hit with the hard reality of what they don’t know when it comes to their books. We don’t expect you … Continued

How to Save Money on Your Taxes if You Were Uninsured in 2015

If you were uninsured in 2015, you may owe a penalty on your taxes this year. However, you can still save money by claiming an exemption, which about 70% of Americans are doing in 2016. A whopping 300,000 people who paid the penalty last year would have qualified for the exemption, according to the IRS. … Continued

5 Tips on Getting Financially Fit This Tax Season

Tax season is in full swing and that April 18th deadline is coming quickly. If you missed the boat on setting financial new years resolutions (or maybe you fell off the boat and need to get back on), here are a few ways to revamp and get yourself and your business financially fit during tax … Continued

What if I Don’t Have Receipts for Last Year’s Business Expenses?

We’ll skip the lecture and get right to the answer here. It’s tax time and you don’t have receipts for last year’s business expenses. Now what? You can still claim deductions on your taxes without receipts for every transaction. Keep in mind that you don’t have to send your shoe box full of receipts to … Continued

10 Reasons to File Your Taxes Early This Year

In case you needed a little extra motivation to get your taxes done before the rapidly approaching April 18th deadline, here are a few reasons to get you moving. Here is Mazuma’s top ten list of reasons to file your taxes early this year: You can actually file your taxes now and not pay your … Continued

The Pros and Cons of Forming a Small Business Partnership

There are currently about 2.2 million business partnerships in the US, which forms about 8% of all small businesses. While not the most common type of business entity, (S Corps make up about 73% of small businesses), partnerships are a popular choice among entrepreneurs. Before structuring a partnership, you’ll need to consider the pros and … Continued