A deduction is anything you spend or incur in your business that is an expense of some sort. It’s a deduction against the revenue of your business, whether it’s a cost of goods, an expense, or even a home office deduction.
Top 12 Questions When Hiring An Accountant
Year-end is the perfect time to decide if you’re with the right accounting partner. Here are the top 12 questions you should consider asking when it’s time to hire an accountant, tax preparer, or accounting team for your business.
Understanding the 2021 Child Tax Credit
The Child Tax Credit has existed since the 1990s but just this year, President Joe Biden put forth the Advanced Child Tax Credit as part of the American Rescue Plan
Setting Pay Play Profit Goals For 2021
How do you achieve success in 2021? Easy. Begin by setting your Pay Play Profit goals for 2021 first.
Closing Your Year-End 2020 For Tax
It’s about time you put your financial foundation in place. The quicker you can actually file your tax return, the better you can stay focused on what’s in front of you and what’s ahead of you.
Contractors and Prep for Year-End 1099s
As a business owner, you can’t just skip payroll conversations, and that includes the year-end 1099s.
Doing Business In California Is Taxing
The State of California recently sent out tax demand letters to people, en masse, which needs a response within the next 30 days.
Ins & Outs of How to Treat Self-Employed Health Insurance
As a business owner, one of the most important things you need to do is to find ways to reduce your taxes. Reducing your tax is 100% legal so there’s no reason to be intimidated or scared.
How An S-Corp Can Save You Big Money On Tax
Have you hit your financial milestone as an LLC? Are you now in a position where you’re getting a net income? If so, there are things you can do to help you save on your taxes. Because you could actually be overpaying in tax to some degree, depending on your situation.
Prime Year-End Tax Planning Happens When Q3 Ends
Whether you’re in the middle of 2020, or in the middle of 2021, the end of Q3 is a special time for you to get your financial foundations in place.