Partnerships are unique business entities. They are not quite sole proprietorships and they are not quite corporations or companies. That also means that they are taxed differently...
Owning your first home is an exciting time, but it can also be a heavy burden on your pocketbook. Actually buying the home, plus closing costs, insurance, inspections, and other expenses...
It’s no secret that college is expensive—from the tuition to the textbooks. The IRS offers two major educational credits to help offset these costs. One of them is the Lifetime...
The IRS often creates deductions and credits that will encourage certain social policies. The Work Opportunity Tax Credit is a good example of this phenomenon. This credit is specifically...
Hiring an independent contractor sounds like an ideal situation for a small business. Your liability is limited, you don’t need to worry about paying for compensation insurance...
Posted by Rincon Controller and Tax Services on 01/13/2016
As a small business owner, many are familiar with the challenges of bookkeeping. Recording all the appropriate expenses, making sure to capture all the income and reconciling each...
Posted by MVW Services on 01/13/2016
When starting a new business, there are multiple details that require your attention. From inventory to employees, you need to be in several places at once. The administrative aspects...
Posted by MVW Services on 01/13/2016
People depend on the services of tax professionals to have a clean record of taxation and submit their returns in good time. However it can be difficult to assess the level and quality...
Posted by Shannel Reed on 01/13/2016
It is a legal requirement that the Internal Revenue Service occasionally examines your tax return to verify that your income values and details on deductions are correct. In such a...
Posted by Shannel Reed on 01/13/2016