Have you filed 2019 yet?
Have you filed your 2019 tax return yet? You still have time and you may still qualify to receive a refund. The IRS gives you… Read More »Have you filed 2019 yet?
Using your personal vehicle for business
For those who run a business, every other trip might be for business purposes. The following is a guide to deducting expenses on your personal… Read More »Using your personal vehicle for business
Turn your RMD into a Charitable Contribution
You may be able to turn your required minimum distribution into a charitable donation if you are over 70-1/2 and own a traditional Individual Retirement… Read More »Turn your RMD into a Charitable Contribution
Holiday Gift Giving Guide for Small Business Owners
The holidays are here! You’re feeling generous and you want your workers and customers to feel appreciated for a year of service and loyalty. Here’s… Read More »Holiday Gift Giving Guide for Small Business Owners
I Own My Business – How Do I Pay Myself?
When it comes right down to it, the reason we are in business is to get paid. How you pay yourself depends on the type… Read More »I Own My Business – How Do I Pay Myself?
How long should I keep my tax records?
We get this question all the time. How long do I need to keep my tax records? Do I need to keep all these receipts?… Read More »How long should I keep my tax records?
Choosing a Business Entity Type
There are two important factors to consider when choosing a business entity type. Those factors are tax treatment and separation of liability. Since this is… Read More »Choosing a Business Entity Type
Is it a Business or a Hobby?
Is my business a for-profit business or is it really more of a hobby? This is an important question to the IRS and an important… Read More »Is it a Business or a Hobby?
Unfiled Returns for 2019 and 2020? Late Filing Forgiveness Opportunity
The IRS just announced that they are offering late filing forgiveness to those who did not get certain tax returns for 2019 and 2020 filed… Read More »Unfiled Returns for 2019 and 2020? Late Filing Forgiveness Opportunity
Steps to Starting Your Own Business
The following is an outline of steps to follow when starting your own business. It is impossible to cover every topic, but I have chosen… Read More »Steps to Starting Your Own Business