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Tax Tips

15 articles on tax tips.

Right After Filing Taxes | Immediate Steps Small Businesses Should Take

Right After Filing Taxes | Immediate Steps Small Businesses Should Take

Right After Filing Taxes | Immediate Steps Small Businesses Should Take – Tax Day has finally passed! While it might be tempting to breathe a sigh of relief and move on, savvy small business owners know there are important actions your business should take immediately after filing your taxes:

April 23, 2025 · 2 min read

IRS Red Flags: How to Avoid a Tax Audit as a Small Business Owner

IRS Red Flags: How to Avoid a Tax Audit as a Small Business Owner

IRS Red Flags – How to Avoid a Tax Audit as a Small Business Owner – Tax season can be stressful enough without the looming fear of an IRS audit. While most small business owners file their taxes honestly, certain red flags can increase the chances of unwanted scrutiny. The good news? Un

March 17, 2025 · 3 min read

Kickstarting Your Business’s Financial Health in the New Year

Kickstarting Your Business’s Financial Health in the New Year

Kickstarting Your Business’s Financial Health in the New Year – As the New Year begins, it’s the perfect time to take a step back, assess your business’s financial health, and set yourself up for success. Whether you’re a seasoned entrepreneur or a new small business owner, starting the year w

January 16, 2025 · 3 min read

Keep Your Business Steady with MSM Advisors in 2025

Keep Your Business Steady with MSM Advisors in 2025

Keep Your Business Steady with MSM Advisors in 2025 – As small businesses head into 2025, they face a landscape marked by economic shifts, evolving tax laws, and rapid technological advancements. Staying on course amid constant change can feel overwhelming, but with MSM Advisors by your side,

December 17, 2024 · 2 min read

Tax Blunders and What to Do Next: Avoid Costly Mistakes with MSM Advisors

Tax Blunders and What to Do Next: Avoid Costly Mistakes with MSM Advisors

Tax Blunders and What to Do Next: Avoid Costly Mistakes with MSM Advisors – Running a small business is no small feat, and navigating the complexities of tax regulations can often lead to mistakes that cost both time and money. MSM Advisors specializes in providing small business advisory, tax

November 19, 2024 · 2 min read

How a Tax Counselor Can Help You Avoid a Big Tax Hit Next Year

How a Tax Counselor Can Help You Avoid a Big Tax Hit Next Year

If I Had Only Had a "Tax Counselor" to Help Me Avoid This Big Tax Hit Next Year! How a Tax Counselor Can Help You Avoid a Big Tax Hit Next Year – Imagine this scenario: you’re a small business owner wrapping up a successful year, but just when you’re celebrating your growth, you get […]

September 10, 2024 · 2 min read

Do I Need to Amend My Business Tax Return

Do I Need to Amend My Business Tax Return

Do I Need to Amend My Business Tax Return? – In general, you will need to file an amended return for LLCs, Partnerships, and Corporations if a substantial error was made that will affect what you owe or if there is new and vital information that needs to be included or changed.

June 26, 2024 · 3 min read

Navigate Tax Season with Ease

Navigate Tax Season with Ease

MSM Advisors stands apart not just for its comprehensive tax services but also for its dedication to offering year-round support tailored to the unique needs of each business.

March 6, 2024 · 3 min read

Georgia State Tax Obligations for Small Businesses

Georgia State Tax Obligations for Small Businesses

As small businesses in Georgia navigate the complexities of the tax landscape, understanding state tax obligations is crucial for effective financial planning and compliance.

February 6, 2024 · 2 min read

Start Planning For Tax Season

Start Planning For Tax Season

Start Planning For Tax Season – Attention Valued Business Owners: As we navigate through the end of January, focusing on your tax preparations is crucial. At MSM Advisors, we're committed to your business's financial health and are here to assist with your personal taxes. Our expertise extends

January 23, 2024 · 2 min read

2023 Last-Minute Tax Planning Techniques

2023 Last-Minute Tax Planning Techniques

It’s time to give your CPA or tax accountant the information for this year’s tax filing. You can already feel the pressure and tension creeping in and overshadowing the joy of the holiday season. Instead of worrying, use this simple checklist that outlines what your tax accountant or CPA needs.

December 4, 2023 · 3 min read

Your Top Tax Questions Answered: Know When to Save

Your Top Tax Questions Answered: Know When to Save

Every United States taxpayer knows the stress of April 15th. You shouldn’t have to pay more than you owe, so it’s important to know where you can get deductions. Whether you are self-employed, run a large company, or work from home there are ways you can keep more money in your pocket. This infograp

August 29, 2016 · 1 min read

5 Tips for Small Businesses Dealing with an IRS Audit

5 Tips for Small Businesses Dealing with an IRS Audit

The Internal Revenue Service (IRS) has the power to review financials and enforce tax laws that govern all American businesses. These official financial examinations are known as audits, and they can be seen as inconvenient, tiresome, and even scary to some business owners due to the possibility of

July 13, 2015 · 3 min read

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