Does Tax Season get you down? Here are four simple steps that any small business owner can take to lower their tax bill this year. STEP #1: Understand How Serious Your Tax Problem Is Are…
Browsing CategoryTax
Do You Think That Filing Taxes Sucks?
Most people don’t look forward to filing their tax returns or paying taxes. There really isn’t much to look forward to as it is a tedious process that can take weeks to complete. Some people…
6 Common Tax Mistakes That Can Cost you Big
There are many different reasons why people can get into trouble with the IRS. Some people may become delinquent on their taxes, while others may make mistakes on their tax returns. However, there are also…
8 Tax Tips For Charitable Giving
Giving to charity feels good, and there’s even a financial benefit. You can deduct any charitable donations from your taxable income. However, many rules govern these donations. Cash gifts are handled differently than non-cash gifts,…
When Can I Deduct Bad Debt On My Taxes?
A small business can write off bad debt losses if it meets nominal requirements. To claim such a tax deduction, the following must be shown: A. The existence of a legal relationship between the small…
What Are My IRS Appeal Rights?
The IRS says that you have the right to appeal any decision they make about your taxes. But what does that mean? And how do you go about doing it? This blog post will give…
Are Cash Tips Taxable?
The answer to this question may surprise you – cash tips are taxable! Here’s what you need to know about reporting your tips to the IRS. Many people are unaware that cash tips are taxable….
10 Tax Reduction Tips For Your Small Business
Everyone worries about taxes and looks for ways to reduce the tax burden. When you have a small business, you must update your knowledge of tax laws that pertain to “small businesses.” As a business…
3 Recordkeeping Tips For Tax Savings
The last thing most people think about when starting a business is doing taxes. But proper planning will make your taxes much easier – and keep the IRS happy! Here are three simple tips for…
5 Year-End Tax Planning Tips
With the end of the year rapidly approaching, now is the time to start thinking about your taxes. Whether you’re a business owner or an individual taxpayer, there are some things you can do to…