Selling Your Home? You May Be Eligible to Exclude Your Profit
New and Improved Energy Tax Credits for Homeowners
New and Improved Energy Tax Credits for Homeowners
Surprise! You Have Taxes Due!
Did you have a surprise tax bill when you filed your return this year? There are a variety of reasons this can happen.
What's the best way to report your vacation home rental income?
Do you have a beach or mountain home that you rent out? What’s the best way to report your income?
Don’t Rob Yourself of the Home Internet Deduction.
If you do some work at home, you’re probably using your home internet connection. Are your monthly internet expenses deductible? Maybe.
The deduction rules depend on your choice of business entity (proprietorship, corporation, or partnership).
Easy steps to make tax filing easier in 2022
Another year has come and gone and here we are looking ahead to tax time. Are you one of the many taxpayers who struggle to have all your documents ready for the accountant to prepare your taxes? The Internal Revenue Service today encouraged taxpayers, including those who received stimulus payments or advance Child Tax Credit payments, to take important steps to help themselves file their federal tax returns in 2022.
Planning ahead can help you file an accurate return and avoid processing delays that can slow tax refunds
Tax Planning: 101
Year-round tax planning is for everyone. An important part of that is recordkeeping. Gathering tax documents throughout the year and having an organized recordkeeping system can make it easier when it comes to filing a tax return or understanding a letter from the IRS.
Child Tax Credit: Is it right for me?
In case you’re unfamiliar with the Child Tax Credit, it was initially structured in the Taxpayer Relief Act of 1997 as a $500 per child nonrefundable credit designed to provide relief to middle- and upper-middle-income families. Various laws since that time have modified the credit to expand its availability and benefit to more low-income families and to increase its value.
How to Find an Accountant for a Small Business
As a small business owner, you can do a lot of your bookkeeping with online accounting software like Quickbooks or Xero. But, some accounting duties are more difficult than recording your transactions. You might need an accountant to help you with more difficult financial tasks. Do you know how to find an accountant for a small business?
Like choosing an employee or a vendor, it’s hard to narrow down which accountant is the best fit. However, finding a good accountant can tremendously benefit your company.