Since President Donald Trump persistently refuses to sign a spending deal that doesn’t include $5 billion for his wall at the US-Mexico border, the federal government remains...
Starting your own business involves plenty of administrative tasks, including setting up your bookkeeping and payroll. However, a new small business might not be able to afford the...
If you own a general contracting business or one of the supporting businesses, such as plumbing, electrical or drywall, then you will need to keep accurate records. The most important...
As a real estate agent, there are many challenges as you work in a housing market that has its ups and downs. However, as part of your business, you have the opportunity to take several...
Taxes are an important part of life and whether you are a consumer or a small business, you must file them. Small businesses are responsible for turning in their taxes at the same...
Posted by Patrick O'Hara, EA on 02/01/2016
Everyone wants to reduce their taxes and their taxable income, especially retirees and those who are living on a fixed income. They want to lower their tax liability more than anyone...
It’s that time again. Tax season is just around the corner, and some have already gotten started on the process. When it comes to working on your taxes, it can seem overwhelming....
Bookkeeping for a small business can often seem to be a full time job all on its own. While it might be tempting to take some short cuts to move the process along, those shortcuts...
Individuals can exclude up to $250,000 of income from capital gains tax on the sale of their primary residence, thanks to the Internal Revenue Code (IRC) exclusion of home sales. Married...
Posted by Elliot Kravitz, ATP on 06/11/2021