July 16, 2024
The IRS defines a fringe benefit as a form of pay for the performance of services. Most of these employer- provided perks are taxable to the employee. One type of benefit that is tax exempt…
Read More...June 14, 2024
The foundation of your business is based on the state of your business’s financials. Following proper bookkeeping protocol can save you time, money, and energy – guiding you towards financial success. Here are some easy-to-follow…
Read More...April 03, 2024
What is a registered agent and does my business need one? The main purpose of a registered agent is to be the agent for service of process for a company. This means the person who…
Read More...March 25, 2024
Sometimes my clients ask me, why don’t my books equal my tax return? Here I have a sample partnership that sold something and had cost of goods sold, had some expenses, had some investment income,…
Read More...March 22, 2024
You may have heard people talk about cash versus accrual accounting, but what is it all about? Here is what you need to know. At its core, the main difference comes down to timing. Cash…
Read More...March 20, 2024
Let’s talk about deduction for Self-Employed Health Insurance. If you are self-employed, you can usually deduct the health insurance premiums that you pay for yourself and your family on your personal tax return. This is…
Read More...February 26, 2024
What is Income Tax Nexus? Nexus is a word which means connection. In the realm of income tax, nexus refers to the concept that a business will owe income tax to a state if it…
Read More...February 23, 2024
The IRS has released its federal tax brackets for calendar year 2024. There are still seven tax brackets. The lowest rate is 10% and the highest is 37%. These new tax brackets are in effect…
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