How Getting Married Can Impact Your Taxes Whether you plan to get married or you recently got married, you may be wondering just how this big step is going to affect you and your...
Posted by Financial Balance LLC on 10/30/2015
Tips for a Pain Free Tax Season The mere thought of an upcoming tax season gives us goose bumps. Some people are so worried about tax season, it keeps them awake late...
Posted by Financial Balance LLC on 10/30/2015
As you hear the word taxes, you want to run away. Dealing with your taxes can often be tiresome and frustrating and you woe the day you have to file your tax returns. Then there are...
Cash Flow – Making Projections Cash from line items consists of depreciation schedule, working capital schedule or debt schedule. We must complete depreciation and working capital...
Making projections from income statement requires: ü Spending a lot of time. ü Research and understand core of business model. ü Understand Revenue...
Under the IRS rules, a taxpayer is allowed to deduct expenses related to business use of a home, but only if the space is used “exclusively” on a “regular basis”....
Posted by East Harlem Tax Service on 05/23/2015
Many small businesses run into issues with their bookkeeping at one time or another. So if you’re a small business owner who is doing all the bookkeeping work yourself and it’s...
Posted by East Harlem Tax Service on 05/23/2015
All businesses are required to report sales and income over a taxation year. Profits = Sales – Expenses Net Income = Profits – Taxes Categories included in an income...
Posted by The Accounting and Tax on 05/07/2015
Living a good life can be owning a home, owing a business, being debt free, driving a high end car or having a good investment portfolio. These goals are achievable with a strong financial...