10 Tax Terms To Get You Through Tax Season

Just like with every other field of business, the tax field has it’s own lingo, which can add to the complication of understanding how to file your taxes. Gurian CPA has provided a list of 10 tax terms that will get you through tax season and help you identify and understand certain tax phrases.

How To Maximize Your Tax Refund

Everyone knows that the best part of tax season is receiving your tax refund after you’ve filed.  Whether you’re using your tax refund to boost your saving, pay off debt, invest in the stock market or just buy yourself something nice! For the 2017 tax year the IRS collected more than $3.4 trillion, processed more […]

How to Avoid an Audit

One of many concerns you have while filing your tax return is raising a red flag to the IRS to be audited. You can’t 100 percent protect yourself from an audit because sometimes it’s just the luck of the draw, but you can lower your odds of being audited by following the provided tips below.

The 12 Tax Tips of Christmas

With Christmas in full view and tax season right around the corner, Gurian CPA has complied the 12 Tax Tips of Christmas to ensure that you’re fully prepared when it comes to filing your tax return for the upcoming tax season. This is an ongoing post with a Tax Tip of Christmas posted every business day until Christmas, so make sure that you stay tuned to make sure that you receive all 12 Tax Tips of Christmas!

Meal & Entertainment Deductibility After the TCJA

After the Tax Cuts and Job Act of 2017 (TCJA), business owners should consider consulting with a professional tax advisor when it comes to the deductibility of their meals and entertainment expenses. Congress has been skeptical of these types of deductions because business owners have been known to claim expenses for activities that are unrelated […]

How to Keep Accounting Records for a Small Restaurant

by Devra Gartenstein Sales Totals A small restaurant should keep records of its sales revenue after each meal shift as well as totals for each day. Even relatively simple cash registers will print reports tracking food sales in different categories such as entrees, appetizers and beverages, as well as sales-tax totals and amounts that customers […]

Marketing Growth Strategies for Small Businesses

Any good marketer knows to keep an eye on the future to stay ahead of the curve on new trends, emerging marketing channels, and other fresh ideas to deliver brand messages. With 2016 in the rear-view mirror and 2017 flying down the pipeline, now is the time to start examining what the New Year is […]

IRS Tax Tips for Starting a Business

When you start a business, a key to your success is to know your tax obligations. You may not only need to know about income tax rules, but also about payroll tax rules. Here are five IRS tax tips that can help you get your business off to a good start. Business Structure.  An early choice […]

Do beneficiaries of a trust pay taxes?

Beneficiaries of a trust typically pay taxes on distributions they receive from the trust’s income. However, they are not subject to taxes on distributions from the trust’s principal. When a trust makes a distribution, it deducts the income distributed on its own tax return and issues the beneficiary a tax form called a K-1. The […]

How Can American Expats Reduce their IRS Taxes?

Americans living abroad are still required to file US taxes. The US is the only country that requires its expats to file. It is because the US taxes based on citizenship rather than on residence. This leaves the millions of Americans who work abroad at risk of double taxation,  paying taxes in both the country […]