Manage Your Business
Managing a small business can feel like a test of endurance. But you’re not alone. We have a range of topics that can help, from how to manage employees to managing finances for a small business.
All manage your business articles
Build Your Business
Turning a hobby into a small business | Part 1 - The big leap
For Small Business Month, Jamil Khan, Chief Strategy and Small Business Officer at H&R Block, shares a five-part series that…
Block Advisors News Center
How to prepare a small business for the tax impacts of large event
As Kansas City welcomes nearly 300,000 people for the 2023 NFL Draft, businesses are excitedly gearing up for guests. For…
Small Business Tax Prep
When are business taxes due?
While Tax Day is the only date some people may have on their calendar, there are actually many important business…
Small Business Tax Prep
Form 7004: Get more time to file your small business tax return with a tax extension
There may be a number of reasons you need to request a business tax extension with Form 7004. Whether you’re…
Manage Your Business
How to Prepare Your Small business for Disaster Relief & Recovery
When things are going well for your small business, it may be easy to put the thought of tough times…
Motivation
"It's real now" – Small business owner celebrates LLC formation milestone
This Women’s History Month, Block Advisors reflects on and honors the contributions of Women entrepreneurs and small business owners. We…
Block Advisors News Center
Silicon Valley Bank Failure: What to Know for Your Small Business
As you may have heard, Silicon Valley Bank – one of the 20 largest banks in the U.S. – failed…
Small Business Tax Prep
5 reasons to knock out your taxes this week
The tax filing deadline for 2023 is Tuesday, April 18, 2023. That may seem a way off, but there are…
Small Business Tax Prep
Form 2553: Essentials for changing your business to an S Corp
Did you know your business structure can change at any time? So, even if you are an established business, you…
Small Business Tax Prep
Small business tax preparation 101: What to bring to tax appointments
If you’re on top of your small business expenses and other tax-related tasks, making an appointment with your tax professional…
Small Business Tax Prep
Section 179 Deduction: Does My Vehicle Qualify?
Many small business owners are pleased to learn that a vehicle they purchased for use in their company may qualify…
Small Business Tax Prep
When Are W-2s Due This Year? What About 1099s?
At the beginning of each calendar year, employers must provide annual income statements to employees and non-employee workers so they…
Small Business Tax Prep
Sole proprietorship tax essentials
Running a business on your own is exciting. You get to follow your dreams and be your own boss. But…
Small Business Services
Avoid these bookkeeping mistakes as a small business owner
Your financial records represent the very core of your business. If they’re not maintained thoroughly and daily, your small business…
Small Business Tax Prep
What is a 1099-K? How to report 1099-K income on a tax return.
Alert: The IRS has announced a delay to the 2022 tax form 1099-K rule changes as outlined on this page. For tax…
Small Business Tax Prep
IRS Penalty Abatement: Automatic Penalty Relief for 2019 and 2020 Tax Returns
IRS Penalty Relief Introduction In late August 2022, the Internal Revenue Service (IRS) announced that certain individuals and businesses impacted…
Small Business Tax Prep
2022 Inflation Reduction Act & Taxes – What Business Owners NEED to Know
In August the Inflation Reduction Act, in part a new tax bill for 2022, was signed into law. The legislation…
Small Business Services
How bookkeeping help can make business filing and tax preparation easier
As your business grows, it inherently gets more complex – and so do your bookkeeping and tax responsibilities. This begs…
Small Business Tax Prep
How long to keep business tax records
As a small business owner, your workspace may be filled with many forms, documents, and files… So much so, you’d…
Small Business Services
Small business tax identity theft: What to do if it happens to you
When you think of identity theft, you may think of the problem as affecting only individuals, but this isn’t the…
Small Business Tax Prep
5 reasons to file small business back taxes
Small business owners have more complicated tax obligations than people who earn wages as employees. You have to account for…
Small Business Services
Year-end bookkeeping tasks: Tips for closing your business’ books
Year-end can be a hectic time for many small business owners, between personal to-dos and seasonal demands at work. But…
Small Business Services
Why is my business getting a letter from the IRS?
After you file your business tax return you may feel a sense of accomplishment… and breathe a sigh of relief.…
Small Business Tax Prep
How to file small business taxes
When running a business, your duties are limitless – managing a workforce, growing your business, promoting your products or services,…
Small Business Services
Payroll software can simplify managing your small business
You’ve built a business that allows you to do what you love, so why spend your time crunching numbers and…
Small Business Tax Prep
Why use a tax professional at Block Advisors
It’s no secret that you have options when it comes to your small business taxes. So, why use a tax…
Small Business Services
Payroll deductions: A guide for small businesses
Small business owners who add employees will also gain additional financial tasks – including taking care of payroll deductions. What…
Small Business Services
Payroll taxes: A small business employer’s guide
Consider this scenario – your business is up and running, and you’re thinking about the next step — growth and…
Small Business Tax Prep
Form 940: A quick guide to reporting federal unemployment tax
One of the many payroll taxes employers are accountable for is federal unemployment tax. If your small business has employees…
Small Business Services
Cash vs. accrual accounting: Considerations for tracking your finances
As a business owner, you have many choices about how to operate your business. A key choice you or your…
Small Business Services
How to choose a payroll provider for your small business
As you start, manage, or grow your company – you might have one consistent need – payroll. When you get…
Small Business Tax Prep
Qualified business income deduction: Keys to claiming this big tax break
For certain small business owners, the qualified business income deduction (QBID) was one of the major elements of 2017’s Tax…
Finance
What is an income statement?
What is one of the best ways to gain insight on profitability, decision making, and change implementation for your small…
Small Business Owners
Paycheck Protection Program loans: Essentials about this vital business lifeline
Editor’s Note: The article below was originally published on April 23, 2020. While applications to the Paycheck Protection (PPP) ended on…
Small Business Tax Prep
Taxes for the self-employed: Getting your self-employed tax return right
Is this the year you start your own business? Self-employment taxes may not be top of mind as you embark…
Small Business Services
Online bookkeeping: How virtual services keep your books in order
Many small business owners start their ventures to pursue a passion and to be their own boss. However, along the…
Small Business Tax Prep
FICA tax rate: Figures and formulas employers need to know
As an owner of a small business, you have extra responsibilities. You wear many different “hats” which can include HR,…
Small Business Tax Prep
Hiring a family member: Tax matters for spouses and kids
Is it a dream of yours to go into business with or work with a family member—a spouse, child, or…
Small Business Tax Prep
6 timely (and timeless) small business tax tips for year-end and beyond
For small business owners, taxes should be on your mind year-round. But when the year draws to a close, there…
Small Business Owners
LLC vs. Sole Proprietorship: What solo entrepreneurs should consider
One of the first hurdles you’ll face as a new business owner is identifying which business entity is right for…
Small Business Tax Prep
How to Reduce Taxable Income with Section 179 Tax Deduction
Section 179 deductions are advantageous to take as a small business owner because it offers helpful tax deductions to reduce…
Small Business Tax Prep
How to use Schedule SE to determine your self-employment taxes
Editor’s note: Starting a business this year? Learn more about IRS Schedule SE, a common tax form used by entrepreneurs…
Small Business Tax Prep
Form 8829: Claiming expenses for the business use of your home
The home office deduction is a key tax deduction you want to be mindful of this tax season and beyond—and…
Small Business Tax Prep
1040 form for small business
Form 1040 is familiar to most individual taxpayers as it’s the tax form required for U.S. citizen and resident individuals…
Small Business Tax Prep
What is the Economic Injury Disaster Loan and how can it help small businesses?
Editor’s Note: The article below was originally published on September 3, 2020. It includes updates from the Coronavirus Response and Relief…
Small Business Services
Accounting vs. bookkeeping – What’s the difference?
Say you’ve just started a business and are trying to determine the differences between accounting vs. bookkeeping. While some small…
Small Business Tax Prep
Employee Retention Tax Credit helps keep workers on the job
Editor’s Note: The article below was originally published on April 23, 2020. It includes updates from the Coronavirus Response and Relief…
Small Business Tax Prep
Tax Form W-9: A guide for small businesses
Growing your business is an exciting thing—but it comes with new and uncharted tasks from a tax perspective. One new…
Small Business Tax Prep
When are business taxes due?
While Tax Day is the only date some people may have on their calendar, there are actually many important business…
Small Business Services
Avoid these bookkeeping mistakes as a small business owner
Your financial records represent the very core of your business. If they’re not maintained thoroughly and daily, your small business…
Small Business Owners
Paycheck Protection Program loans: Essentials about this vital business lifeline
Editor’s Note: The article below was originally published on April 23, 2020. While applications to the Paycheck Protection (PPP) ended on…
Small Business Tax Prep
Quarterly tax payments: Who should pay them and when
With so much attention on Tax Day, other tax deadlines are easily overlooked, including quarterly tax payments. Believe it or…
Small Business Services
FIT tax: What it is and how it affects wages and withholding
A significant part of understanding payroll for small businesses is Federal Income Tax withholding, (FIT). If you’re a small business…
Small Business Services
How many times can the IRS audit your business?
Editor’s note: Every person (and business) fears the IRS will come knocking on their door—more than once. But is that…
Small Business Tax Prep
Section 179 Deduction: Does My Vehicle Qualify?
Many small business owners are pleased to learn that a vehicle they purchased for use in their company may qualify…
Small Business Tax Prep
How to use Schedule SE to determine your self-employment taxes
Editor’s note: Starting a business this year? Learn more about IRS Schedule SE, a common tax form used by entrepreneurs…
Small Business Tax Prep
What is a 1099-K? How to report 1099-K income on a tax return.
Alert: The IRS has announced a delay to the 2022 tax form 1099-K rule changes as outlined on this page. For tax…
Small Business Tax Prep
How to Reduce Taxable Income with Section 179 Tax Deduction
Section 179 deductions are advantageous to take as a small business owner because it offers helpful tax deductions to reduce…
Small Business Tax Prep
When Are W-2s Due This Year? What About 1099s?
At the beginning of each calendar year, employers must provide annual income statements to employees and non-employee workers so they…
Small Business Tax Prep
Self-employed tax deductions: A cheat sheet to tax deductible business expenses
Let’s face it — tax time can be stressful. This is especially true for those subject to additional small-business tax…
Small Business Tax Prep
Tax Form W-9: A guide for small businesses
Growing your business is an exciting thing—but it comes with new and uncharted tasks from a tax perspective. One new…
Small Business Tax Prep
Sole proprietorship tax essentials
Running a business on your own is exciting. You get to follow your dreams and be your own boss. But…
Small Business Tax Prep
1040 form for small business
Form 1040 is familiar to most individual taxpayers as it’s the tax form required for U.S. citizen and resident individuals…
Small Business Tax Prep
Small business tax preparation 101: What to bring to tax appointments
If you’re on top of your small business expenses and other tax-related tasks, making an appointment with your tax professional…
Small Business Tax Prep
Form 1099-NEC: What's important for independent contractors
There’s a new IRS form in town, Form 1099-NEC. Starting in tax year 2020, instead of reporting nonemployee compensation through…
Small Business Tax Prep
What's the depreciation schedule for business assets?
If you own a business, you can deduct purchases used to make income for your business over time. This includes…
Small Business Tax Prep
Qualified business income deduction: Keys to claiming this big tax break
For certain small business owners, the qualified business income deduction (QBID) was one of the major elements of 2017’s Tax…
Small Business Tax Prep
Form 7004: Get more time to file your small business tax return with a tax extension
There may be a number of reasons you need to request a business tax extension with Form 7004. Whether you’re…
Small Business Services
Why is my business getting a letter from the IRS?
After you file your business tax return you may feel a sense of accomplishment… and breathe a sigh of relief.…
Small Business Tax Prep
Hiring a family member: Tax matters for spouses and kids
Is it a dream of yours to go into business with or work with a family member—a spouse, child, or…
Small Business Tax Prep
6 timely (and timeless) small business tax tips for year-end and beyond
For small business owners, taxes should be on your mind year-round. But when the year draws to a close, there…
Small Business Tax Prep
Form 940: A quick guide to reporting federal unemployment tax
One of the many payroll taxes employers are accountable for is federal unemployment tax. If your small business has employees…
Small Business Tax Prep
Schedule E: Reporting supplemental income and loss
If you ever earn supplemental income from a rental property, royalty, or pass-through business entity, you will want to know…
Small Business Tax Prep
Use Form 4562 to offset your operating costs
As a business owner, operating costs can be expensive. Tax breaks can help with offsetting the cost of certain types…
Small Business Owners
LLC vs. Sole Proprietorship: What solo entrepreneurs should consider
One of the first hurdles you’ll face as a new business owner is identifying which business entity is right for…
Small Business Tax Prep
Form 8829: Claiming expenses for the business use of your home
The home office deduction is a key tax deduction you want to be mindful of this tax season and beyond—and…
Small Business Services
Payroll deductions: A guide for small businesses
Small business owners who add employees will also gain additional financial tasks – including taking care of payroll deductions. What…
Small Business Tax Prep
Form 2553: Essentials for changing your business to an S Corp
Did you know your business structure can change at any time? So, even if you are an established business, you…
Small Business Tax Prep
FICA tax rate: Figures and formulas employers need to know
As an owner of a small business, you have extra responsibilities. You wear many different “hats” which can include HR,…
Small Business Tax Prep
Why use a tax professional at Block Advisors
It’s no secret that you have options when it comes to your small business taxes. So, why use a tax…
Self-Employed
Freelance Taxes: The Benefits and Burdens of Working Solo
Editor’s Note: Want to work for yourself this upcoming year? Get a handle on the basics on freelance taxes here.…
Small Business Tax Prep
How to file back taxes for a small business
Business back tax returns, at a glance: You can get expert help filing business back tax returns with the IRS. What you…
Small Business Tax Prep
Taxes for the self-employed: Getting your self-employed tax return right
Is this the year you start your own business? Self-employment taxes may not be top of mind as you embark…
Small Business Services
Payroll taxes: A small business employer’s guide
Consider this scenario – your business is up and running, and you’re thinking about the next step — growth and…
Small Business Services
Year-end bookkeeping tasks: Tips for closing your business’ books
Year-end can be a hectic time for many small business owners, between personal to-dos and seasonal demands at work. But…
Small Business Tax Prep
What states require employers to submit an EITC notice for employees?
Believe it or not, the IRS and many U.S. states require employers to send notices to certain employees about Earned Income…
Finance
What is an income statement?
What is one of the best ways to gain insight on profitability, decision making, and change implementation for your small…
Small Business Tax Prep
Employee Retention Tax Credit helps keep workers on the job
Editor’s Note: The article below was originally published on April 23, 2020. It includes updates from the Coronavirus Response and Relief…
Small Business Owners
What is the CARES Act – Coronavirus Aid, Relief, and Economic Security Act?
Have you heard of the CARES Act which was signed into law on March 27, 2020? CARES, or Coronavirus Aid,…
Small Business Services
Small business tax identity theft: What to do if it happens to you
When you think of identity theft, you may think of the problem as affecting only individuals, but this isn’t the…
Small Business Services
Accounting vs. bookkeeping – What’s the difference?
Say you’ve just started a business and are trying to determine the differences between accounting vs. bookkeeping. While some small…
Small Business Services
How bookkeeping help can make business filing and tax preparation easier
As your business grows, it inherently gets more complex – and so do your bookkeeping and tax responsibilities. This begs…
Small Business Tax Prep
How to file small business taxes
When running a business, your duties are limitless – managing a workforce, growing your business, promoting your products or services,…
Small Business Services
Cash vs. accrual accounting: Considerations for tracking your finances
As a business owner, you have many choices about how to operate your business. A key choice you or your…
Small Business Tax Prep
How long to keep business tax records
As a small business owner, your workspace may be filled with many forms, documents, and files… So much so, you’d…
Small Business Tax Prep
5 reasons to knock out your taxes this week
The tax filing deadline for 2023 is Tuesday, April 18, 2023. That may seem a way off, but there are…
Small business community spotlight.
Stay up to date on the latest in the small business community.
We’re proud to support entrepreneurs today and every day. Our recent partnership with Urban League of Greater Kansas City provided many Black-owned businesses with free one-on-one coaching to help them grow their businesses and strive to achieve their goals: https://hrblock.io/3HB4JCd
Focus on growing your business – we’ll make sure your books are in a great place for tax time, all with 100% accuracy guaranteed. Make an appointment today to get started: https://lnkd.in/evz4RYW
Find out what drove Gary Jones to start his business A Better Place Funeral and how the future of it is shaping up, thanks in part to the partnership between Block Advisors and @UrbanLeagueKC: http://hrblock.io/3Ghfd9r
How Block Advisors can help your business.
100% Accuracy Guarantee
We guarantee 100% accuracy in our taxes, bookkeeping and payroll and will reimburse you for penalties & interest if we make an error on your return.
Year-round access to help
Block Advisors, a part of H&R Block, is available year-round so you can focus on what's coming next for your business. We make it easy to get the help you need.
Specialized in small business
Our small business certified tax pros undergo annual Block Advisors training to specialize in small businesses and have an average of 12 years experience.
Grow your bottom line
Our tax pros help grow your bottom line by finding you every available credit and deduction and ensuring you're accurately tracking expenses.