Family Day Care Providers Meals Allowance and Other Amenities for their Business. A taxpayer who is in the business of providing family day care in their home most likely provide meals and other amenities. Daycare providers may deduct the ordinary and necessary expenses of their business. In both parts of this blog series, we will […]
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Daycare Providers Business Home Use – Enjoy Special Tax Benefits
Family Daycare Providers Business Home Use? Look what special tax benefits the IRS has for you! A taxpayer who is in the business of providing family daycare in their home may deduct the ordinary and necessary expenses of their business. Therefore, we thought it was in our readers best interest to learn about these benefits. […]
Tax Preparer Wanted For Our Tax Firm
Experienced Tax Preparer a Plus Our firm is looking for Tax Preparers and support staff for the upcoming tax season and beyond. The recent tax reforms have created a whirlwind of questions, opportunities, and pitfalls for taxpayers across America. We are seeking a highly motivated individual who wants to be part of a team that […]
After Tax Reform, What’s Best for Business Owners: S Corp or C Corp?
After Tax Reform, you know The Tax Cuts and Jobs Act, well, it has left many of today’s businesses with big questions. Incorporation remains a hot topic, but this law is shaking things up. It’s quick to assume your company should be one or the other, but without careful consideration of the facts, your organization may end up facing financial loss, hefty tax penalties or missed tax savings.
Proposed New IRS Tax Form 1040 Breakdown
Remember that New IRS Tax Form 1040 Postcard? Hmmm, I seem to remember a promise about a new IRS tax form. Do you? The logic was that on the new IRS Tax Form 1040 draft the person filing will be able to file your income tax return using a postcard. This article will give you […]
Avoid Most Common Accounting Mistakes Small Business Owners Make
How To Avoid Most Common Accounting Mistakes These most common accounting mistakes for a new business are important to recognize early. Most small business owners are an expert in their field, but not necessarily in the accounting aspects of building a business. And, with this comes a few common mistakes. Yet, even simple small business […]