The following article was published by the IRS. Small business owners may qualify for a home office deduction that will help them save money on their taxes, and benefit their bottom line. Taxpayers can take this deduction if they use a portion of their home exclusively, and on a regular basis, for any of the following: [...]
Inflation has only been averaging about 2% the past few years, but it's important to not let that number deceive you. Prices on some items are rising well faster than the inflation rate. It's important to make sure we do our best to keep ahead of inflation. However, we oftentimes think that doing so is best [...]
Small business owners should keep good records. This applies to all businesses, whether they have a couple dozen employees or just a few. Whether they install software or make soft-serve. Whether they cut hair or cut lawns. Keeping good records is an important part of running a successful business. Here are some questions and answers to [...]
This video was published by the IRS. As you know, most income is taxable, and must be reported on your Federal Income Tax Return. But what you may not know is that some income is only partially taxable, or not taxed at all. For example, child support payments and welfare benefits are tax-free. Gifts and [...]
The following article was published by the IRS. A taxpayer might at some point see the IRS make a decision about their taxes. If the taxpayer disagrees with this decision, they have the right to appeal it. The right to appeal an IRS decision in an independent forum is one of 10 basic rights known collectively [...]
