You may be eligible for the qualified business income deduction if you are a small business owner.The Qualified Business Income (QBI) deduction provides small business owners with...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 01/09/2023
Some expenses can still be deducted due to the tax reform that happened in 2018. A detailed list of employee expenses that have been suspended as employee tax deductions, some until...
Posted by Rosovich & Associates, Inc. on 12/08/2022
No matter how chaotic your work life feels during the last quarter, the end of the current year and the start of a new year is the perfect opportunity to organize your office and regain...
Posted by Rosovich & Associates, Inc. on 10/26/2022
Fair treatment of taxpayers is the goal of the Taxpayer Bill of Rights. In 2014, the IRS adopted this set of 10 taxpayer rights proposed by the Taxpayer Advocate. However, the Internal...
Posted by Rosovich & Associates, Inc. on 10/16/2022
Vanguard's established exchange-traded funds and mutual funds have been a long mainstay in 401(k) plans, retirement plans, IRAs, and managed portfolios.But longevity isn't...
Posted by Rosovich & Associates, Inc. on 07/18/2022
Suppose you intend to invest but are still confused about how and what to invest; fear not. The goal is to walk you through the top three investment ideas as beginners. Investment...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 07/09/2022
A restricted fund is a set-aside account that holds money that can only be used for specific purposes. Restricted funds assure donors that their contributions will be used as they...
Posted by Rosovich & Associates, Inc. on 06/29/2022
Employees have their taxes withheld by their employers. So, how do the self-employed pay? The self-employed pay estimated taxes quarterly by due dates to the IRS. This way, they can...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 05/22/2022
You must know by now that you most likely have pytrol taxes when you start running a business. It doesn’t come as a surprise that the internal revenue service has strengthened...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 03/31/2022
