Business owners benefit from driving themselves or their employees for business purposes because of the tax deduction it attracts. The IRS allows business owners to deduct their returns...
Posted by KLSM CPA Firm PLLC on 11/30/2022
When you work as a driver for a ridesharing company like Uber, Lyft, or another ridesharing service, the important thing to understand about your taxes is that you're probably...
Posted by Pat Raskob on 11/17/2022
For a small business owner, tax season can be stressful, and the prospect of paying a large sum of money to the government is not really a pleasant one. That's why small business...
Posted by Pat Raskob on 09/30/2022
The IRS may come requesting the previous record, and it is bad for you to have none. In such a case, you may face serious financial penalties. However, having a record for various...
Posted by Rosovich & Associates, Inc. on 06/10/2022
If you're self-employed, such as an independent contractor, or a freelancer, one question is probably the most important question regarding tax returns: How can I reduce my self-employment...
Posted by Taxes Made EZ Inc on 04/17/2022
Is Volunteer Work Tax Deductible?You volunteered because you care about your community and want to find a meaningful way to help others. But did you know that doing volunteer work...
Posted by Abundant Wealth Planning LLC 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
You can't help but give Uncle Sam his due, and if you want to avoid an audit, it's important to get it right the first time. Unlike W-2 employees, the self-employed taxes are...
Posted by Dennis Jao on 02/28/2022
The Internal Revenue Service has released new standard mileage rates for driving a car for business, charity, medical, or moving purposes in 2022.New IRS mileage ratesThe new IRS mileage...
Posted by Abundant Wealth Planning LLC on 02/15/2022
