During tax filing, it is not compulsory to submit a receipt or any other paperwork to prove your deductions. However, when you get an audit deduction, you need to verify your expenses...
Posted by Abundant Wealth Planning LLC on 05/30/2021
Gambling to you might simply be a hobby you enjoy to pass the time or making some extra bucks. However, you need to fulfil your end of the bargain when it comes to tax time, as Uncle...
Posted by Thomas G Kinsella, ATP on 05/24/2021
This historic pandemic triggered a 25% rise in the freelancing market last year in which many people turned to work from home to supplement their income. For long-time gig workers...
Posted by Income Taxes and Bookkeeping LLC on 05/19/2021
With how vast today's world is connected, it is possible to run a business anywhere thanks to technology. However, before developing your business overseas, it is essential to...
Posted by UNIVERSAL ACCOUNTING & FINANCIAL SERVICES INC. on 05/07/2021
Becoming self-employed gives you the freedom to choose your path to work. But your aspirations can get out of hand if you don't keep your books in order. At tax time, missing receipts...
Posted by The TaxAdvocate Group, LLC on 05/06/2021
The worst and last correspondence anyone expects from Uncle Sam is a notice of audit. It gets pretty complicated if there are no records like receipts and documentation of any sort...
Posted by Thomas G Kinsella, ATP on 05/06/2021
Employee expenses are no longer deductible. Nevertheless, if the employer reimburses the employee under an accountable plan, the reimbursements should not be reported as income by...
Posted by Income Taxes and Bookkeeping LLC on 04/06/2021
As the tax deadline approaches, many people are fond of frantically ransacking their home for various receipts to support their claim for a refund from Uncle Sam. Many people discover...
At the time of tax, people often wander around their house and office to search deduction receipts of previous months. It is not a simple mistake because it may cost you $1000. If...
Posted by Unifirst Financial & Tax Consultants on 05/18/2018
