Janet Berry-Johnson
A freelance writer with a background in accounting and income tax planning and preparation for individuals and small businesses, Janet Berry-Johnson is a regular contributor to several online publications, including Business Insider, Money Crashers, and Self Financial. She helps people make sense of complicated accounting and income tax questions.
More From This Author
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What Are Retained Earnings? How to Calculate Them
Retained earnings are the profits that remain in your business after all expenses have been paid and all distributions have been paid out to shareholders.
· 3 min read
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How to Put Your Federal Tax Refund to Work in Your Business
An extra influx of cash from a tax refund is always welcome. But don't squander that windfall away on things that won't help your business. Take time to consider the best way to use your tax refund in your business and use it wisely.
· 4 min read
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How to File Business Tax Extensions
The IRS will give you an additional six months to file your tax return—all you need to do is request an extension.
· 4 min read
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Should You Pay Taxes Online with a Credit Card?
You can pay taxes with a credit card. But should you? In some situations, paying your taxes with a credit card could be a good option if you understand the costs involved.
· 3 min read
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What Is an Employee Stock Purchase Plan?
An employee stock purchase plan, or ESPP, is a program that allows employees to use after-tax payroll deductions to buy their employer's stock, usually at a discount.
· 3 min read
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Small Business Tax Prep 101: What to Bring to Your Tax Appointment
Tax prep is an important part of running a small business. Read on to find out what you should bring to your tax appointment.
· 4 min read
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What Is Debt Financing for Small Businesses?
Decide if debt financing is the right way for you to fund business growth.
· 4 min read
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What Is Cost of Goods Sold and How to Calculate It
Your cost of goods sold (COGS) consists of all the direct costs associated with producing your goods or services. Calculating costs of goods sold helps you determine the true cost of the merchandise or services you sell.
· 4 min read
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Tax Planning Tips for Busy Entrepreneurs
Tax planning is an essential part of growing a business—not a post-year-end activity. When you wait until after the end of the tax year to get started, you miss out on opportunities that could lower your taxable income.
· 3 min read
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Export from the U.S.? Consider an IC-DISC to Take Advantage of the Capital Gains Tax Rate
An Interest Charge Domestic International Sales Corporation (IC-DISC) can provide tax savings for shareholders of businesses that make or distribute U.S. products for export.
· 4 min read