Are you self-employed? Do you really know what you are doing when it comes to handling the income and expenses associated with your business? Tax laws can be very hard to follow making tax time treacherous. Do you know if you can claim home office expenses as a deduction on your taxes? What does it take to qualify for home office deductions? You may be surprised at what you can actually write off. My site will answer all of your questions about self-employment and taxes. Hopefully, the information included can assist you in reducing your tax bill and avoiding the dreaded audit.
Posted on: 3 May 2022
Bookkeeping is a critical task for any business, but it can be difficult to keep track of everything when you're working on your own. That's where online bookkeeping comes in; this service can take the hassle out of tracking your finances and leave you with more time to focus on your business. Here are just a few of the benefits of online bookkeeping. 1. Convenience In today's fast-paced world, convenience is key. [Read More]
Posted on: 10 March 2022
As your small business grows, one key component of understanding its books, creating reliable financial statements, and knowing how much you're actually making in profit is the accounting chart of accounts. What is a chart of accounts? And how does it help you as a business owner or entrepreneur? Here's what you need to know. What Is a Chart of Accounts? The chart of accounts is, at its most basic, a list of all the various types of assets and liabilities your company holds. [Read More]
Posted on: 19 January 2022
While paying taxes is a patriotic duty, you shouldn't have to pay more than your fair share. Tax liabilities can build up quite fast if you prepare your taxes incorrectly. They can drag both personal and business finances down. A good tax preparation service can help reduce your tax burden at the local, state, and federal levels. You exploit legal loopholes to bring down your tax liabilities in income, employment, and capital gains taxes. [Read More]
Posted on: 23 November 2021
If you have ever tried preparing taxes on your own, you already know how daunting it can be. So, for those who haven't experienced it yet, save yourself the trouble and hire a tax preparation service. Tax preparation can take up most of your time, meaning you have to halt other administrative tasks. Luckily, you don't have to fret about tax returns or audits if you hire a tax preparer. That said, you stand to gain a lot when you hire a professional tax service to take care of your taxes. [Read More]