Reading Time: 9 minutes As a small business owner, tax season can be a stressful time. But did you know that there are tax credits available specifically for small businesses that can help reduce your tax bill? In this article, we’ll explore what small business tax credits are, how to determine if you qualify, and how to take advantage […]
Small Business Tax Credits: How to Take Advantage of Them Read More »
Reading Time: 8 minutes Whether self-employed or freelance, it’s important to keep track of your taxes, including filing required paperwork on time. This is more than true, especially when it comes to IRS quarterly tax forms. We dive into the world of IRS quarterly tax forms, what they are, why they are important, and how they can be filed
How to Avoid IRS Penalties: A Guide to Filing Quarterly Tax Forms Read More »
Reading Time: 9 minutes It can be difficult for a taxpayer to navigate the complex world of tax law. One area that can be particularly confusing is the use of IRS form 4562. This form is used to report depreciation and amortization of business assets, but when is it required? We will answer questions about when you need to
Reading Time: 8 minutes Marriage is an exciting time in life. However, it is also important to consider the financial implications associated with marriage. One aspect of financial planning that is often overlooked is tax planning. Tax planning is an essential part of managing your finances and can have a significant impact on your financial future. In this article,
Tax Planning Before Marriage, In Marriage, and After Divorce Read More »
Reading Time: 7 minutes Taxes can be tricky and complicated, and it’s common to encounter tax problems. Whether you owe money to the IRS, are dealing with a tax audit, or have other tax-related issues, it’s essential to know how to solve tax problems. Here are some tips and strategies to help you navigate through tax problems and come
Reading Time: 8 minutes As we usher in a new tax year, it’s essential to keep abreast of the mileage rates that will apply in 2023. For many taxpayers, mileage deductions can be a significant way to reduce their tax bills. Therefore, understanding the current rates can help you plan your expenses and maximize your tax deductions. This article
Reading Time: 7 minutes As tax season approaches, it’s essential to start preparing early to avoid the last-minute rush and ensure you don’t miss any important deadlines. Whether you’re filing your taxes for the first time or have been doing it for years, there are always new things to learn and ways to make the process smoother. In this
Top 10 tips to help you prepare for tax season right now Read More »
Reading Time: 7 minutes As YouTube has become a popular platform for content creators to share their videos, many have sought to monetize their channels to generate income. However, with monetization comes taxation, and YouTube monetization taxation is a topic that many creators may not fully understand. In this article, we’ll provide an overview of YouTube monetization taxation and
Reading Time: 7 minutes As we approach tax season, many taxpayers will be gathering their financial documents and preparing to file their taxes. One important document to be aware of is the IRS Form 1099-DIV. This form is used to report dividend income and capital gains distributions from mutual funds and other investments. If you’ve received dividends or capital
Reading Time: 7 minutes As a tax professional, the most common question I get asked is about the child tax credit. The Child Tax Credit is a credit available to families with children under the age of 17. This is an opportunity to significantly reduce your tax bill or guarantee a refund for you. In this article, we will
Reading Time: 6 minutes Tax credit for dependents is a way to reduce your tax liability by claiming a credit for each qualifying dependent that you have. The credit can be applied to your federal income tax return, and it can help you to reduce your overall tax bill. As a tax professional, I often get questions about tax
