The Speedy Tax Blog – Honest Guidance From People Who’ve Been There
Tax Tips, Small Business Advice, and Real-World Know-How
At Speedy Tax Preparation & Bookkeeping Service, we believe that good advice should be easy to understand and even easier to apply. That’s why we created this blog—to help individuals, families, and small business owners make sense of their finances, one topic at a time.
Business Tax Preparation Changes Coming in 2026
Business taxes are always changing, but the updates coming in 2026 could have more impact than usual. These upcoming shifts are expected to affect how businesses of all sizes report income, claim deductions, and stay compliant. While tax law can be confusing, early...
Employee Classification Mistakes That Affect Payroll Taxes
Employee classification can feel like another box to check, but how you define your workers directly affects your payroll taxes. Misclassifying employees often leads to far more than a paperwork headache. It can cause unexpected tax bills, penalties, and major issues...
Steps to Take When Your Tax Return Gets Flagged for Review
Getting a letter that your tax return has been flagged for review can be nerve-racking. Your mind races, wondering what went wrong or if you made a serious mistake. It’s a situation no one wants to deal with, especially after you’ve already spent time gathering...
Why DIY Bookkeeping Often Leads to Business Problems
Bookkeeping is one of those parts of running a business that often seems simple at first, but it doesn't stay that way for long. If you're a small business owner trying to handle your own records while juggling sales, payroll, inventory, and bills, it won’t take much...
Year-End Tax Planning Tips for Elizabethtown NC Residents
As the end of the year draws closer, it's a great time to take a step back and look at your tax situation. For folks living in Elizabethtown, North Carolina, year-end tax planning can make a big difference in how smooth tax season goes come April. Instead of...
When Tax Problems Require Professional Intervention
Tax time can feel like a minefield. One moment everything seems fine, and the next, you're staring at a notice from the IRS that makes your stomach drop. For a lot of individuals and small business owners, it's easy to miss a form, mix up a deadline, or misreport...
Small Business Tax Records You Should Keep Year-Round
Running a small business means wearing a lot of hats, especially when it comes to finances. Keeping the right tax records often falls to the bottom of the list until tax season hits. By then, hunting down receipts, invoices, or payroll reports turns into a crowded and...
Understanding Estimated Tax Payments for Self-Employed Income
When you're self-employed, tax time often brings more questions than answers. One of the most confusing parts of managing your own income is figuring out estimated tax payments. Unlike employees who have taxes taken out of their paychecks, you're on your own when it...
Tax Preparation Timeline for Elizabethtown NC Business Owners
Running a small business in Elizabethtown often means juggling day-to-day decisions, managing employees, and keeping customers happy. But one thing that quietly sits in the background and quickly becomes a problem if ignored is your tax calendar. If you’re not keeping...
Setting Up Multi-State Payroll for Remote Workers
Remote work has made it easier for small businesses to find the right people, no matter where they live. But with that flexibility comes new challenges, and payroll is one of the biggest. When your employees live in different states, paying them correctly takes more...