Fast Facts on Assets, Amortization and Depreciation 

Tax

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…

2015 Quarterly estimated tax payments

Understanding Your 2015 Federal Quarterly Estimated Tax Payments

Tax

  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….

7 Things You Need to Know About Filing a Federal Tax Extension

Tax, Tax Preparation

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…