For small business owners, operating from a home office can offer flexibility and cost-saving benefits. The Internal Revenue Service (IRS) also allows eligible small business owners...
Posted by KLSM CPA Firm PLLC on 07/23/2023
One of the smart money moves one can make toward retirement is to roll over your 401(k) to your Individual Retirement Account (IRA). This is especially good for people adjusting...
Posted by KLSM CPA Firm PLLC on 06/15/2023
Buying and selling of bonds is accessible through primary public issues, secondary markets, or from the exchange (NSE / BSE). Government bonds with taxation rates are available on...
Posted by KLSM CPA Firm PLLC on 04/21/2023
The home office deduction is one of the most popular tax deductions for those who work from home. Once you understand how to record, calculate, and report home office expenses, you...
Posted by Taxes Made EZ Inc on 12/18/2022
Taxpayers who have accrued or paid foreign income taxes in a U.S. possession or foreign country can generally deduct those taxes from their U.S. tax on foreign source income. The foreign...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 11/17/2022
Cryptocurrency has become the most delinquent and high-gaining investment of the modern era. The long-term investment has led people to ask what happens to Bitcoin (BTC) when the owner...
Posted by Pat Raskob on 07/31/2022
When you run a small business, you have two costs: fixed costs and variable costs.Fixed costs don't change based on how much product you make and sell, but variable costs do.A...
Posted by Taxes Made EZ Inc on 01/27/2022
The legality of marijuana in many American states is questionable. However, medical marijuana can easily be obtained via a doctor’s prescription and is legal in 34 states. Also,...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 10/24/2021
Not-for-profit organizations tend to make almost twice as many accounting errors on their balance sheets as similarly sized, for-profit companies; this is what emerges from a study...
Posted by Taxes Made EZ Inc on 08/24/2021
