April 03, 2024
What Is a Registered Agent? (Video)
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…
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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…
Read More...February 22, 2024
What is market-based sourcing? This is the concept of attributing revenue to the location where the customer receives the benefit. Let’s talk about this from the perspective of a service provider, like an attorney. In…
Read More...February 16, 2024
Over the decades that I have been doing taxes, I have received client tax documents in just about every way imaginable. Long ago, everything was on paper. Many people still prefer working with physical paper documents. …
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