Tips For Tax Reduction For Businesses

by TNT Accounting Services, LLC | 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 you want to do is give more of...

Medical Tax Deductions – What you can and can’t claim

by TNT Accounting Services, LLC | 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 medical expense deduction? For tax...

New 1099 Form Rules

by TNT Accounting Services, LLC | 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 “non-employee compensation”). This is...

Tax Planning Is a Wise Investment

by TNT Accounting Services, LLC | 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 tax season, most business owners...

Prepare Your Tax Return BEFORE the Tax Deadline

by TNT Accounting Services, LLC | 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 million taxpayers use paid...

Why You Need A Virtual Accountant

by TNT Accounting Services, LLC | Uncategorized

Have you heard of a Virtual Accountant before? With many of us still working remotely at the moment because of the pandemic, it is likely that you may hear of this term more often this year and quite likely well into the future. Virtual accountants compile and verify financial transactions and...

Meet Me! Your Personal Accountant!

by admin | About

I'm passionate about small business and aspiring entrepreneurs. My goal is to see business owners WIN. I love it when I can solve a problem for a client when they that that there was no solution. I can help small businesses turn their business around with accounting and tax strategies. Examples of...

Ready For Change In Your Business?

by admin | Accounting for Small Business

What would it take for you to make a change in your business to get the outcome you desire? I just helped someone find $2,100 in their business that they didn't know was missing. This was discovred by going over the records of the business owner. We discovered, two clients that hasn't been billed...

Experiencing Payroll Problems?

by admin | Tax Problems

Are you experiencing payroll tax problems in your business? Did you know that you have RIGHTS when trying to resolve tax issues with the IRS? Well, you do. They are called the Taxpayer Bill of Rights. The Right to be Informed The Right to Quality Service The Right to Pay No More than the Correct...