As a small business owner, you’re swamped with responsibilities and paperwork. Now that tax season is here, you’re thinking, “What exactly can small business owners deduct from their business’ taxes?”. Good news! You can deduct anything and everything that has a legitimate business purpose. If a payment is made to
Take a look at our top six reasons why filing your tax returns early can benefit you! 1) Faster tax refunds Simply put: the faster you file, the faster your refunds come in! 2) Extra time to plan for the taxes you owe Have an estimated idea of how much
“My spouse is self-employed and I have an employer. Why can my spouse deduct business expenses on our tax return and I cannot?” We hear this question a lot. Simply put, the tax deductions that a business (or self-employed individual) can take are generous. Any expenditure that has a legitimate
I recently got a voice mail from an “Agent Smith from the IRS” stating to IMMEDIATELY call his number as several IRS agents were en-route to arrest me for not paying my taxes. Since I’m up to date on my tax payments, I certainly wasn’t worried about agents coming by
Receiving a notice from the Internal Revenue Service is usually no cause for alarm. Every year the IRS sends millions of letters and notices to taxpayers. In the event one shows up in the mailbox, here are ten things you should know. Don’t panic. Many of these letters can be
Did you put your 2013 personal tax return on extension back on or before April 15? We are offering a quick turnaround for personal…
Tax season is here. For many Americans, this time of year means completing forms and reviewing finances. You may not be aware, but there are tax deductions and adjustments that can be applied to your situation. Below is a simple list of deductions you can make on a tax return:
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