A small business owner will need to buy essential business equipment, vehicles and gadgets over time. However, deducting such expenses for tax is not a straightforward decision due...
Posted by Dennis Jao on 08/30/2021
Do you have a small business? You can take advantage of these ten deductions to reduce your taxable income. The legal reduction in taxable income isn't as thrilling as winning...
Posted by Rosovich & Associates, Inc. on 07/31/2021
Independent taxpayers, such as independent contractors and sole proprietors, receive compensation based on the fees they charge their clients. They also incur work-related expenses,...
Posted by Abundant Wealth Planning LLC on 07/06/2021
An independent contractor is a business owner as well, like a sole proprietor.As a result, you get the liberty to structure your schedule and create a career path for yourself. While...
Posted by Tiffany Gaskin on 07/06/2021
While many people might not realize, there are amazing tax benefits of purchasing a house. Two significant advantages are the property tax deduction and the mortgage interest, which...
Posted by Karen Munoz, EA on 05/19/2021
A small business needs to get its tax right to avoid unnecessary headache with the IRS. The idea is simple – a plain and accurate disclosure of losses, revenues and deductions...
Posted by Jim McClaflin, EA, NTPI Fellow on 05/07/2021
2020 was an extraordinary and challenging year. A Stanford University study found that around 40% of the U.S. workforce is now working full-time from home because of COVID-19. This...
Posted by Abundant Wealth Planning LLC on 03/09/2021
The only thing we want from Uncle Sam is our tax refund. Getting any other correspondence, especially for issues like audit, does not augur well with most people. Problems with taxes...
Posted by Income Taxes and Bookkeeping LLC on 01/26/2021
Small Office Home Office (SOHO), a term used to distinguish between small, medium, and large businesses. Technically, SOHO companies have between zero and ten employees, although many...
Posted by The TaxAdvocate Group, LLC on 01/17/2021
