Fast Facts on Assets, Amortization and Depreciation
If your business earns $500,000 in a year. It may be tempting to try and offset those earnings by claiming more expenses. But the IRS will certainly want you to explain if you claim 20 or 30 percent of your revenue was eaten up by expenses. You can’t just buy a $50,000 automobile for the…
Understanding Your 2015 Federal Quarterly Estimated Tax Payments
If you are new to business, paying your U S Taxes can be a little intimidating. It's easier as an employee and they withhold the right amount from each of your paychecks. Sure, they take a large amount away, but you have a lot more left, so it doesn't seem like a big deal….
CPAIYC #010: How To Stop Stressing In Your Online Business
[powerpress] Welcome to the CPA in Your Corner podcast! In this week's episode we sat down for a lovely chat with Sarah Littlefield, Licensed Marriage + Family Therapist and budding online entrepreneur! Today we are tapping into her expertise about how to stop stressing when it comes to your online business…not to mention timely advice for this…
7 Things You Need to Know About Filing a Federal Tax Extension
If you don't have your taxes completed by the April 15th deadline, the IRS has a provision to file an extension using Form 4868. This gives you an automatic six-month extension to complete your return. People will usually file a Federal Tax Extension for one of two reasons: They haven’t collected all their paperwork and…
