Business losses reduce taxable income and many good freelance businesses incur losses which is somewhat a good thing since it means you pay less in taxes. A business loss could mean...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 07/26/2019
There is no hard-and-fast method for differentiating between a hobby and a real business based on a tax return. There is no way to tell a business from a hobby except by the use of...
Posted by Elliot Kravitz, ATP on 07/25/2019
People who trade for a living rather than as a hobby are called professional day traders and they are well-established in the field. In-depth knowledge in the market is what they possess...
Posted by Flynn Financial Group Inc on 06/04/2019
If you are sitting on at least $1,000 and it is tching your pocket, consider investing instead of spending something frivolous. But the question we ask is: can you make money quickly...
Posted by Roland Zita, CPA on 05/30/2019
Figuring how to set off debt quick when you're self-employed is extreme. You don't have the foggiest idea where to begin or what methodologies will work. Your income...
Posted by J.R.'S TAX SERVICE on 05/01/2019
Tax notifications have always caused panic among many clients. One thing to remember is that many of these ads are "automatically generated" and are not always up-to-date...
Posted by Valderas Financial Solutions LLC on 02/28/2019
The profits of the organization desires to go through the EBIT machine which gets adjusted over the taxation of international amounts. You buy a belongings in your commercial enterprise...
Posted by Larry D. Tew, EA on 05/16/2018
When you are in debt but do not understand the way to beat credit score card debt because they're unaware of the practices which they are able to make. You need to recognize that...
Posted by Esther N. Phahla, CPA, A Professional Corporation on 05/15/2018
Every taxpayer can get the gain of a few essential rights. While handling the IRS, you need to recognize those rights on your safety. As an instance, each taxpayer has a proper to...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 05/15/2018