Think of tax deductions as small (and sometimes not so small) gifts from the IRS. First, its value is subtracted from taxable income, and then the tax bill is calculated based on what's...
Posted by KLSM CPA Firm PLLC on 02/22/2023
While the New Year is always a time to celebrate and hope for better things, it also means that tax season is upon us, and this reality brings with it stress for both accountants and...
Posted by Taxes Made EZ Inc on 12/31/2022
If you're a small business owner, you may be looking for ways to stand out in the hiring process or to keep hard-working employees at your company. One of the ways to achieve this...
Posted by KLSM CPA Firm PLLC on 12/31/2022
After winning a lawsuit or getting a settlement, many people are surprised that they have to pay taxes on what they win. Some people don't realize this until they receive Form...
Posted by Pat Raskob on 12/27/2022
Not all small business owners want (or need!) to know how to find a good tax preparer. And if you feel like this isn't the right path for you, that's okay.But if you decide...
Posted by Dennis Jao on 12/18/2022
There is a chance to claim tax preparation fees as a self-employed. The opportunity is a big gap with benefits, but you need to know how to fill the gap to harness the benefits. So,...
Posted by KLSM CPA Firm PLLC on 11/28/2022
Partnerships should use Schedule K-1 tax forms to distinguish partnership income from owners' income. By doing this, your business will more likely avoid the $54,171 tax penalties...
Posted by Taxes Made EZ Inc on 11/17/2022
Maintaining a comprehensive and up-to-date security policy as a business owner should be one of your top priorities. However, it can sometimes seem difficult and complex to keep up...
Posted by Taxes Made EZ Inc on 07/18/2022
It's the hottest time of the year, and we can't wait for the holidays to arrive! While tax season is only in the rearview mirror, summer is crucial for making informed tax...
Posted by Pat Raskob on 07/18/2022
