During tax time, tax Preparation companies typically promise huge refunds. However, the refund you get is a factor in your deductions, and there are many benefits seniors might not...
Posted by Daniel P Vigilante CPA and Profit Consultants on 06/11/2021
Data from recent statistics revealed that about $1.2 trillion was claimed as tax deductions last year. From this, a handful of people went through the standard deduction route. Unfortunately,...
Posted by Thomas G Kinsella, ATP on 06/11/2021
A self-employed individual can generally deduct their necessary and ordinary business expenses incurred when traveling for business purposes from their income. However, it is important...
Posted by Tiffany Gaskin on 05/29/2021
Tax time is never fun for both businesses and individuals. Filing taxes includes many intricacies like taking care of 1099 for contractors, estimating your tax returns, and taking...
Posted by KLSM CPA Firm PLLC on 05/24/2021
In estimating the business use of a vehicle, there are two methods. One needs to calculate the vehicle expenses using each mode and select the most significant deductions approach. The...
When it comes to filing income tax returns, getting the lowest tax liability is not just about skill, it's about what you know. Unfortunately, many taxpayers lose deductions and...
Posted by Flynn Financial Group Inc on 04/29/2021
The term "tax credit" means something good to some business owners, while some are unsure what the term means or how tax credits differ from tax deductions.As we dig in deeper,...
Posted by Aurelia E Weems CPA on 04/27/2021
When you file your business taxes, you may be gathering information and asking yourself what is deductible and not. Income tax deductions benefit your business because they lower your...
Posted by Flynn Financial Group Inc on 04/26/2021
The presence of business equipment and supplies gotten for tax purposes might make things a little complicated when it comes to filing a business tax return. These two business purchases...
Posted by The TaxAdvocate Group, LLC on 03/31/2021
