Ride-Sharing Services Instead of sitting at home watching TV reruns during their down time, some of people are making extra cash by offering their services in the shared economy. One of the most popular methods is to become a driver for
Tag: recordkeeping
Tax Tips for Beauty and Barber Shops
If you own a beauty or barber shop, or are self-employed, visit IRS.gov for all your tax needs. Knowing the tax rules can help your business start, grow and succeed. For example, see IRS Publication 4902, Tips for the Cosmetology
Tax Tips – Employee Business Expenses
Five Tips You Should Know about Employee Business Expenses If you paid for work-related expenses out of your own pocket, you may be able to deduct those costs. In most cases, you claim allowable expenses on Schedule A, Itemized Deductions. Here
Year-End Gifts to Charity
The Internal Revenue Service reminds individuals and businesses making year-end gifts to charity that several important tax law provisions have taken effect in recent years. Some of the changes taxpayers should keep in mind include: Rules for Charitable Contributions of
Five Tips for New Business Owners
One key to success in starting a new business is to know about your federal tax obligations such as income taxes and payroll taxes. Below are five basic tax tips that can help get your business off to a good
Tax Recordkeeping Tips
Resources Recordkeeping for Tax Purposes Guide (pdf) Small Business Recordkeeping Publication 583, Starting a Business and Keeping Records Basic records are documents that everybody should keep. Although the Internal Revenue Service (IRS) doesn’t require you to keep your records in
Tax Tips – Summer Tune-up for Tax Records
During the summer, you may not think about doing your taxes, but maybe you should. Some of the expenses you’ve paid over the past few months might qualify for money-saving tax credits or deductions come tax time. If you organize