Yes!!! But, as with almost everything related to income tax, whether business or personal, there are always exceptions.In general, you will be able to waive credit card charges and...
Posted by Dennis Jao on 06/11/2021
You might think that the only time there would be taxes on an IRA or other type of retirement account would be when you make withdrawals or distributions. However, some income received...
Posted by Taxes Made EZ Inc on 06/06/2021
It doesn't matter if a business is big or small; all businesses incur costs and expenses to reduce the business's taxable income. Sometimes employees, and not just employers,...
Posted by Daniel P Vigilante CPA and Profit Consultants on 06/06/2021
Capital gains are a different type of income from normal corporate profit income. Capital gains taxes come into play in the sale of a business because the capital assets are being...
As a business owner, do you know how to make your assets work for you?When running a business, you will inevitably have to bear the costs of purchasing products and resources to keep...
Posted by Unifirst Financial & Tax Consultants on 06/04/2021
A self-employed individual can generally deduct their necessary and ordinary business expenses incurred when traveling for business purposes from their income. However, it is important...
Posted by Tiffany Gaskin on 05/29/2021
The last thing any business owner wants is to be audited by Uncle Sam. Truthfully, the probability of an audit is generally low though some red flags can trigger a business audit....
Posted by Rosovich & Associates, Inc. on 05/29/2021
Everyone with assets will know that keeping such assets safe is a top priority as there are various threats to one's ownership of such assets like divorce, lawsuits and creditors. With...
Posted by Daniel P Vigilante CPA and Profit Consultants on 05/24/2021
Almost every section of the tax code was changed by the 2017 TCJA, which also affected every taxpayer, including businesses. While some of these changes were positive (reduced tax...
Posted by Karen Munoz, EA on 05/24/2021
