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 shoebox full of receipts to the IRS. You’ll only need them if you’re audited (which can happen … Continued
We talk with clients everyday about their business and we love it. As accountants, we spend a lot of time with the books and we love the numbers and details, but we get that not everyone does. Part of growing your business is knowing when to pull the lever to hire a professional rather than … Continued
Knowing when your business taxes are due can be stressful. It’s important to submit your information by each deadline to stay compliant with the IRS. As we approach tax season, you’ll want to pay attention to the following dates and mark them on your calendar: January 15, 2020 If you made 2019 estimated tax … Continued
When you’re starting out as a business owner, you’ve got to be scrappy. There’s no shame in trying to save a few dollars by managing multiple aspects of your business yourself. However, as your business grows, you’ll find that an endless list of “to-dos” makes it hard to do it all. You may find … Continued
At Mazuma, we have a lot of experience with business taxes. Ben Sutton, one of Mazuma’s founders and a Certified Public Accountant (CPA), recently hosted a webinar on the most commonly missed business tax deductions. Ben’s experience as a CPA has helped him learn what business tax deductions business owners are missing out on. In … Continued
Mazuma is an accounting and bookkeeping service for small businesses. Our goal is to take a load off of your shoulders. We know that as a small business owner, you’re managing every aspect of your business. We also want to be more than just a good accountant. At Mazuma, we want to be the accountant … Continued
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
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
A great credit score is desirable for all and achievable for anyone who is willing to work for it. As you know, a good credit doesn’t happen overnight, and damaged scores take time to repair. First, what is a credit score exactly? Everyone has one, but they can be confusing to understand. A credit score … Continued
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
