The end of the year is fast approaching and now is the time to start your tax planning. The good news is that no major tax law changes took place this year. However, taxpayers may see some changes next year, as President Trump has tax reform as one of his top priorities. Here are five year-end tax strategies for 2017 that can significantly lower your tax bill. If you wait …
Bitcoin prices are booming along with most other crypto-currencies. If you own or trade Bitcoin. you are likely sitting on profits. Today I’m going to talk about how and why you should pay taxes on your Bitcoin profits.
I took a business trip to Florida with my family. What travel expenses can I deduct?
For the self employed entrepreneur and small business owner, as long as the trip was primarily for business, the costs of meals, lodging, transportation and other related business travel expenses are ordinarily deductible…
The U.S. Tax Code is constantly changing and 2017 brings 5 worthless tax changes that you may want to remember when filing your taxes. Keep in mind these tax changes affect the tax preparation you will do in 2018 for the calendar year 2017.
An IDES audit is a serious matter and careful consideration needs to be made especially in the beginning of the audit process. If your business is chosen for an IDES audit, it’s essential to seek professional guidance…
Finding the right person to prepare your income tax return is very important, but often, not enough care is put into this vital financial decision. With software, like TurboTax, anyone can prepare income tax returns, including beginners with no experience. When you consider the likelihood of mistakes and audit risks, is this the best choice for you?
As a driver for Uber, you will receive IRS information documents reporting your earnings for the year along with expenses you paid on those earnings. Uber driver partners must report all the income they have earned for the year…
President-elect Donald J. Trump will soon assume the presidency and will then have the opportunity to implement his tax plan. According to Trump’s vision, as stated on his campaign fact sheet, these are the areas that may affect your taxes…
Xero is an easy-to-use, but powerful cloud-based accounting software designed for small & medium sized businesses. Xero was designed for the non-technical person and helps users derive useful information from their data. In 2006 the developers at Xero launched their service with three things in mind