Too often during the course of an audit, the auditor throws out valid deductions. Not because they did not occur, but solely because you did not provide adequate documentation. When it comes to taking qualified deductions on your tax return,
Category: Business
Business Tax Deadline Dates in 2019
When are 2018 Business Taxes Due? Using your entity type, you can identify what your deadline is for filing business taxes and what it would be if you elect to take advantage of the extension, but you’ll also need to
A Separate Business Bank Account
Do I Need a Separate Business Bank Account? It’s imperative for business owners to have two items and I stress it all the time: A separate business bank account and an accounting/bookkeeping system to organize business finances. This blog will
Sharing Economy IRS Tax Center
If you use one of the many online platforms available to rent a spare bedroom, provide car rides, or to connect and provide a number of other goods or services, you’re involved in what is sometimes called the sharing economy.
Small Business Owners’ Tax Checklist
Keeping your tax documents organized is a challenge, but it can not only make the tax filing season go smoothly, it can also reduce your company’s tax liability. Here are some tips to keep your business on track:
Is Your Business Profitable? Accounting 101
For most small businesses, your accounting needs are relatively simple. However, for most business owners accounting often is the least favorite part of a business. So, we are going to break down accounting to the bare essentials, so you can
Save Money by Hiring Your Child as an Employee of Your Business
If you own a business, consider hiring your child (or grandchild) as a legitimate employee. It can be a smart tax-saving strategy for employee and employer alike, especially under the Tax Cuts and Jobs Act (TCJA).
2018 Tax Highlights Video
Video includes key information about the TCJA tax reform changes that will affect you in the upcoming tax season. The highlights consist mostly of the individual tax changes. Start collecting your documents now, so you’re ready to file taxes and
December 2018 Tax Newsletter
Charitable Giving Planning In 2017, Americans donated over $410 billion to charity. As 2018 closes, you may be considering your charitable giving. You can deduct charitable gifts of cash and property, plus deduct your charitable mileage (14¢ per mile). To
2018 Year-End Tax Tips
Everyone wants to save money on their taxes, right? Well you’re not going to be able to do this unless you plan accordingly. To make the most of some tax deductions, you have to act before the year is over.