As a small business owner, you are no stranger to scouting out every tax deduction possible. But we’ve got a golden nugget of wisdom you (and other small businesses) probably haven’t heard of, or aren’t taking full advantage of. Ready for it? S...
As a taxpayer, you have probably noticed the world of taxes and its surrounding entities have a language of their own. It’s important to become familiar with its terms in order to prepare for and file your taxes correctly each year, and therefo...
Have you quit your 9 to 5 cubicle job to make your hobby a home-based business? You’re not alone – about 53% of all small businesses are home based. You won’t have Janice in accounting to take care of your taxes anymore, and it shows; only ...
Taxes can be cringe-worthy…until you realize there are tax benefits that will boost your refund enough for a new pair of shoes. Tax benefits encompass both deductions and credits; the former reduces your taxable income while the latter lowers y...
You may have procrastinated or perhaps you haven’t tracked down all of your receipts for expenses. Whatever the case, you need time beyond April 18th to file your taxes. Although filing an extension is a fairly common, simple process, read below to...
So, you’ve got a Swiss bank account, or recently closed one, and may be wondering if you should report your money to the IRS. Unfortunately, and as you may know, Switzerland is generally closed off for stashing cash, and the IRS has teamed with the...
As a business owner, you are required to make friends with employment taxes – that means reporting and depositing them on a quarterly basis with Form 941, and a yearly basis with Form 944. Both forms include federal income tax withheld from you...
2016 is going to be the year we vote for our next President; it can also be the year we get our tax return ASAP. The tax laws change every year, but this one isn’t much different. Read below to learn about prepping for taxes the right way. Gather t...