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“Nuggets for 6 Figure Small Businesses and More”
Deductibility of Financed vs. Leased Business Vehicles: What You Need to Know
When it comes to acquiring a business vehicle, many business owners face the dilemma of whether to finance or lease. While both options provide access to a vehicle for business use, the choice can significantly impact your tax deductions. Here's a breakdown of the deductibility considerations for...
Comprehensive Guide to Business Deductions: Maximize Your Savings
As the owner of TNT Accounting Services, LLC, I'm excited to share our comprehensive guide to business deductions to help you save on your taxes. At TNT Accounting Services, we understand the unique financial needs of service-based businesses like yours. Here’s a breakdown of areas to consider...
Understanding the Benefits of Converting Your Business to an S Corporation
If you’re a business owner, you might have heard about the advantages of converting your business to an S corporation. But what exactly does this mean, and how can it benefit you? An S corporation is a type of business entity that allows the company’s income, deductions, and credits to be passed...
Utilizing the Home Office Deduction for Tax Savings
Are you looking for ways to save on your taxes? The home office deduction might be the perfect solution for your business! Whether you’re self-employed or an employee working from home, this deduction can help you reduce your taxable income and lower your tax liability. What is the Home Office...
How to Pay Yourself from Your Business Based on Your Business Structure
It’s essential to ensure you’re paying yourself correctly from your business. The method you use depends on your business structure. Let’s explore the best ways to pay yourself based on the four main business structures: 1. Sole Proprietorship As a sole proprietor, you are the sole owner of your...
Exploring Retirement Account Options for Small Businesses
As a small business owner, planning for retirement is a crucial aspect of financial security, not just for you but also for your employees. Establishing a retirement account for your business can offer significant tax benefits and help attract and retain top talent. Let’s delve into the various...
The Strategic Advantage of Retirement Accounts for Your Business
TNT Accounting Services, LLC, is committed to empowering business owners with strategic financial tools to secure their future. One such pivotal tool is a retirement account for your business. Not only does it pave the way for a stable financial future, but it also offers significant tax...
Using Your Vehicle for Business Purposes: Tax Benefits and Best Practices
As a business owner or professional, your personal vehicle can serve as a valuable asset for conducting business-related activities. Whether you’re attending client meetings, making deliveries, or traveling to job sites, understanding the tax implications and maximizing deductions is essential. In...
The Importance of Maintaining a Mileage Log for Tax Savings
As a trusted accounting and tax service provider, TNT Accounting Services, LLC emphasizes the critical role of maintaining a mileage log for tax purposes. Whether you’re a business owner, freelancer, or employee who incurs work-related travel, keeping an accurate record of your mileage can lead to...
Understanding the Key Differences Between 1099 Contractors and W2 Employees
As a business owner, it's crucial to understand the differences between 1099 contractors and W2 employees. This knowledge can help you make informed decisions about how to structure your business and manage your workforce. At TNT Accounting Services LLC, we're committed to helping you navigate...
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10310 Memory Lane Suite 2E,
Chesterfield, VA 23832
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Monday – Thursday: 10AM – 5PM EST
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(Saturday hours are February through April only)