Accounting for Small Business, Income Taxes, Tax Problems
We’re always looking for ways to reduce the amount of tax we pay. Businesses were hit so hard during the COVID-19 pandemic, and many had to pivot and make changes that wouldn’t have initially been on the horizon for them. You likely wear many hats, and the last thing...
Accounting for Small Business
If you or your dependents have been in the hospital or had other costly medical or dental expenses, keep those receipts — they could help cut your tax bill. Here’s a look at how the medical expense deduction works and how you can make the most of it. What is the...
Accounting for Small Business, Income Taxes, Tax Problems, Uncategorized
It’s important to keep up to date with new tax rules when they are brought in by the IRS. One of these is the 1099-MISC form. Traditionally this has been used to report contractor income. But now businesses will have to use the 1099-NEC form (it is short for...
Accounting for Small Business, Income Taxes, Tax Problems
Taxes are such a normal part of life that at some point you may overlook them until it’s time to file your return. That’s particularly true this year with the Covid-19 pandemic still affecting many of us and it may not be high on our priority list. During this busy...
Accounting for Small Business, Income Taxes, Tax Problems, Uncategorized
We’re only a couple of months away from the tax deadline and now is the perfect time to start getting all your paperwork organized so you have everything in order when it comes to getting your taxes done. The Internal Revenue Service (IRS) reports that more than 80...
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