Chances are if you worked independently during 2015, and made over $400.00, you will most likely have to file a Schedule SE. The Schedule SE is used to report self-employed taxpayer...
Hello, everyone. It’s Joe Gormley, CPA here to offer some more tax advice for you. If you are stressing out on how you’re able to pay your tax debt before April 15th, you’re...
For many individual taxpayers, the only thing worse than having to meet with your tax professional to file your taxes is finding out that you paid more tax than you needed to. While...
Posted by James Wells EA MBA Tax Office on 01/21/2016
Do you want to decrease your tax bill substantially? Read this and find out all about commonly ignored tax deduction trends.An income tax break is basically a way to save on tax liability....
Contributions and donations given to a charity are tax deductible expenses. One of the perks to donate to a qualified charitable organization is that you not only get to help your...
If you’re working as an employee of the company you’re contracted to, then your tax situation is pretty much straight forward. In fact, you may not have a lot of tax questions...
Posted by BHATIA & CO, INC, CPAs on 01/13/2016
The first thing to note when it comes to self-employed tax, SE tax, is that it only refers to Medicare taxes and Social Security benefits. Self-employed persons may be required to...
Posted by East West Accounting Services LLC on 01/06/2016
Cash Flow – Making Projections Cash from line items consists of depreciation schedule, working capital schedule or debt schedule. We must complete depreciation and working capital...
Under the IRS rules, a taxpayer is allowed to deduct expenses related to business use of a home, but only if the space is used “exclusively” on a “regular basis”....
Posted by East Harlem Tax Service on 05/23/2015