When a business has a net operating loss, it means there is a negative income. It happens when the tax that can be deducted from a company is more than taxable income. While this is...
Posted by Don Bell Law on 04/02/2020
There is a couple of helpful tips with which you can save money on business taxes. Even though this is not a guarantee that you will get a refund, it might qualify you for some reductions. When...
A lot of things pop up for small businesses at every end of the calendar year. This is the right time to start thinking when you feel that you want to achieve something for the next...
A business operated by an individual owner is what we will call a sole proprietorship. And, for several reasons, the sole proprietor is unique:You can just get started if you want...
Posted by Debi G Hill, CPA on 12/28/2019
Proposals to introduce a wealth tax into the US Internal Revenue Code have been emphasized by some Democratic candidates such as Bernie Sanders, Tom Steyer, and Elizabeth Warren especially...
Posted by Debi G Hill, CPA on 12/28/2019
You may be eligible for an annual credit adjustment if you received substitute payments in lieu of dividends. During a period in which shares would have earned dividends but were...
Posted by Debi G Hill, CPA on 11/26/2019
In a perfect world, we earn all our income by doing something we love. Whether it's raising puppies, kites, or training young athletes, nothing beats receiving a paycheck to do...
Posted by Larry Hurt on 11/05/2019
While numerous employees are wrapping up recording W-2s or 1099 forms for taxes, some may end up in a one of a kind circumstance - that is, being independently employed. Regardless...
Posted by Larry Hurt on 08/26/2019
Don’t forget self-employment tax in your business tax planning. The tax for Social Security and Medicare paid by business owners is what self-employment tax is. It is paid in...
Posted by Flynn Financial Group Inc on 08/23/2019