Uncle Sam benefits from people that sell their startup businesses. The act is considered a collection of tangible items, including real estate, inventory, machinery, and intangible...
Posted by Tiffany Gaskin on 04/21/2023
Money is a big part of humanity because it causes more problems than work, family, and health. In addition, the IRS expects you to file your annual tax between March and April. While...
Posted by Tiffany Gaskin on 03/25/2023
Marijuana is legal in the United States for recreational or medical use except in four states. The country has awarded more than 35,329 licenses for adult or medical use, and the industry...
Posted by Dennis Jao on 03/01/2023
A deferred variable annuity is a contract with an annuity provider to pay a certain amount for some period or lifetime. The annuity provider deposits the money in any investment portfolio...
Posted by Dennis Jao on 01/30/2023
When you run two businesses with the sole proprietorship tax status, the IRS requires you to report each corporation's income and expenses separately. This means that your personal...
Posted by Pat Raskob on 10/07/2022
What is the Home Office Deduction, and who is eligible?The home office deduction is a tax deduction available if you own a business and use part of your home for your business. Your...
Posted by KLSM CPA Firm PLLC on 09/02/2022
You must know by now that you most likely have pytrol taxes when you start running a business. It doesn’t come as a surprise that the internal revenue service has strengthened...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 03/31/2022
Generally, tax deductions are expenditures that business owners can subtract from their taxable income. It is economical as it saves cost by reducing the tax amount you need to pay.Most...
Posted by Pat Raskob on 03/31/2022
There are a series of deductions available for all qualified small business owners. It can go a long way to reduce their tax burden even though most businesses are not aware, let alone...
Posted by Tiffany Gaskin on 12/18/2021
