Mixing Business & Pleasure: Travel Related Tax Deductions
Taking the family along on a business trip this summer? Learn how to save on your taxes and take the tax deductions you’re entitled to on your working vacation. It’s tricky to mix, but with the right mindset and careful planning, you can take advantage of some travel related tax deductions for business. Working Vacations […]
Frequently Asked Questions About Our Accounting & Tax Services
There’s been a large increase lately in the popularity of multilevel marketing companies and people, especially women, becoming a part of these businesses as a side income or even as a full time career. The rise of these companies such as Stella & Dot, Avon, Mary Kay, Young Living, Herbalife, Rodan + Fields creates a […]
The 5 Biggest Tax Mistakes Small Business Owners Make
Owning your own business can be rewarding, but as most entrepreneurs know, it also means a lot of work, much more than a traditional salary-based job working for someone else. With all the responsibilities, a well-meaning business owner is still at risk of making a regrettable tax mistake. Whether a business is incorporated and files […]
The Top 5 Accounting Mistakes By Small Business Owners
Small business owners face numerous everyday challenges, and they usually conquer them with their entrepreneurial strength. Unfortunately, keeping the books on their growing business is not a skill someone can simply persevere through and get it right. The potential consequences of messing up on the accounting functions can be serious when it comes to the […]
Tax Tips for Reporting Hobby Income
Millions of people enjoy hobbies. They can also be a source of income. Some of these types of hobbies include stamp or coin collecting, craft making and horse breeding. You must report any income you get from a hobby on your tax return. How you report the hobby income is different than how you report […]
Self-Employment and Your Taxes
Many people who carry on a trade or business are self-employed. Sole proprietors and independent contractors are two examples of self-employment. If this applies to you, there are a few basic things you should know about how your income affects your federal tax return. Here are six important tips about income from self-employment: SE Income. […]
Tax Tips for the Self Employed
So you’ve waded out into the waters of self-employment. You’re staring down uncertainty and taking a chance on yourself. Congratulations! Self-employment won’t always be easy, but your hard work and perseverance will pay off. Besides, if it were easy, everyone would do it, right? In an attempt to lighten your load and ease your burden, […]
