January 11, 2023
2022 Tax Season Portal Help!
Business Use of Home & Other Deductions Workbook!
More complete article coming later, but for now CLICK HERE to get your Google Sheets workbook.
Business Expense Guide
Please click HERE to check out our tell all guide to Business Expenses!
January 9, 2023
Tax Time Checklist! For Personal Income Taxes
For many the task of gathering tax time documents for your tax accountant feels like an overwhelming task. We’ve put together a handy checklist of income and deductions & tax credit documents that will certainly help guide you through the process. It may even inspire you to ask about deductions you might be missing out…
February 11, 2022
Accountable Plan Basics for S Corporations
CLICK HERE to get your Google Sheets workbook. The S Corporation Accountable Plan – A Reimbursement Plan for the Business Use of your Personal Assets & Services Please note that if you do not have an S Corporation election this article does NOT pertain to you. As a business owner, it’s inevitable that lines between…
January 10, 2022
Do I Really Need To Save Receipts?
When it comes to business and taxes, saving your receipts is one way to protect yourself and your business from the IRS. Does this mean you need to create space in your office for all the different folders, and eventually boxes, that will be filled with your receipts from the tax year? No. You may…
November 22, 2021
Business Meals Bonus Deduction for 2021 & 2022!
Many business owners don’t realize that meals are not 100% deductible. Yep, that’s right, they have only been able to take 50% of business related meals according to the tax laws. Taking clients, prospects or employees out, has only been a partial deduction for some time now. The other 50% is truly “on them”. COVID…
October 11, 2021
How to Pay Taxes as an Independent Contractor
Did you know as an Independent Contractor, You are now a business!? Whether it’s a side hustle or your new career path, things change with taxes when you agree to work as an independent contractor. The IRS requires businesses and individuals to report any payments made to any individual in excess of $600 to be…