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The Balance Sheet is the most important financial statement that you need to know about. While your bookkeeper or accountant is trained to read the financial statements, many small business owners are not. In this …
If you receive an IRS letter with a balance due, you’ll likely see large penalties assessed. You may or may not agree with the reason for the tax due, but you shouldn’t automatically pay the …
How to Not Pay IRS Tax Bill in Full | CPA Explains Read More »
As a tax professional for many years, my advice is to always file your tax returns. But sometimes life happens and we find ourselves falling behind with lots of important things, especially filing your taxes. …
Have you received the new 1099K this year and have no idea why you received one and what you’re supposed to even do with it? Well, you’re not alone. In this video, my viewer Dave …
In this video, I wanted to clear up some confusion with the new 1099K forms, specifically the new $600 reporting requirements and what it means for you and for your side hustle. If you’re an …
How to File New Taxes for Side Hustle | New 1099K $600 Reporting Read More »
In this video, I wanted to share with you, my personal story on how I went from an average C student, to getting a degree in Accounting, then passing the CPA exam, and finally here …
What’s My Story? From C Student to CPA | Noel B. Lorenzana Read More »
What can you deduct on your taxes for your home based business? As a freelancer, independent contractor, or small business owner, operating from your home, this is a common question that you might have. In …
In this video, I’ll be going over the latest 1099K updates and answering some 1099-K questions that a lot of people are having. Tax time is approaching and I wanted to provide you with a …
Are you still waiting on your IRS tax refund? Some of us have been waiting on our tax refund for many months, and even years… It’s much longer than the usual 21 days the IRS …
Are You Owed Interest on Your Delayed Refund? IRS Update 2022 Read More »