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
Self-employment brings freedom, responsibility, and a lot of expense. While most freelancers celebrate the former two, they are ashamed of the latter, especially when it comes to taxation....
Posted by Abundant Wealth Planning LLC on 10/30/2021
Of all the tax returns submitted in 2019, only 0.4% were audited, and 80% of the review was done via mail. This rate has dropped significantly in consequent years, and the COVID-19...
Posted by CORE PERFORMANCE on 09/09/2021
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
The White House and Treasury released the first details of the Biden administration's 2021 tax reform proposal, a major focus in Washington, DC. Tax code changes are expected in...
Posted by Tiffany Gaskin on 07/16/2021
Many pet owners consider their domesticated part as part of the family.Uncle Sam, however, disagrees with this claim, which explains why you cannot claim your beloved cat, dog, hamster...
Posted by KLSM CPA Firm PLLC on 06/24/2021
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
All small businesses must file their tax each year. However, it is essential to avoid mistakes that can lead to higher taxes or raise unnecessary questions. This article sheds...
Posted by Income Taxes and Bookkeeping LLC on 05/07/2021
What is an IRS audit?The IRS may choose to examine the taxpayer's accounts and financial information to ensure that all tax laws are followed. Even though the IRS only verified...
Posted by James Financial Services Inc on 04/09/2021
