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My name is Noel. I’m a Registered CPA, licensed in Illinois with over 25 years of real-world experience. I have a wealth of experience on taxes, business and technology, that I would like to share with you. I enjoy helping small business owners modernize their accounting, and helping individuals reduce and understand theirs taxes.
The goal of this book is to show you how current technology and internet-based applications can help you grow your business without compromising quality.
Whether or not you love or hate him, the records show that Presidential candidate Donald Trump has paid no federal income taxes in some years. For someone with a real estate empire generating millions of dollars in revenue…
The end of the year is fast approaching and now is the time to start tax planning. These five year-end tax strategies for 2016 can significantly lower your tax bill. April 15th is the filing deadline for taxes, but for minimizing taxes, the key date is December 31st. Most tax breaks for retirement savings, charitable contributions, and tax loss selling must be done before the end of the year. It’s best to start early.
New businesses, especially entrepreneurs just starting out usually don’t have an accountant or bookkeeper. This aspect of running a business is one of the least pleasant, and putting it off can end up costing more than if one were hired or consulted from the beginning.
For new or aspiring authors, there are a few business considerations to make before embarking on your writing journey. Authors are also entrepreneurs, but may not realize that. You are creating a product just like other entrepreneurs. Your completed book needs many hours to be completed and many different…
Our friends at Fresh Books, the leader in cloud-based accounting, shared their infographic on 8 Often Forgotten Small Business Tax Write-Offs. Whether you prepare your own taxes or hire an accountant, maximizing your tax deductions (aka. write-offs) will ultimately reduce your tax bill. Also included are my top 3…
If you are one of the many people who have a traditional brick and mortar business, but have yet to completely embrace the power of the Internet, then you shouldn’t wait any longer to grow your business online. There has been a seismic shift onto the virtual world that can no longer be ignored. Don’t let a lack of understanding the technology stop you. Build your online presence before it’s too late.
Estimating your taxes properly and remitting it to the IRS is a fundamental requirement if you are self-employed or earn income that is not subject to withholding. Failure to do so will result in penalties and interest. The general rule is that you should pay your taxes quarterly as they are owed.
Many bloggers have asked about the possibility to deduct expenses incurred in operating their blogs, especially if there is little or no income to show for one’s blogging efforts. If your blog is generating income and you are operating it as a for profit business, then…
An EIN or Employer Identification Number, is a nine-digit number assigned to sole proprietors, corporations, partnerships and LLC’s for tax filing and reporting purposes. This is a permanent number issued by the Internal Revenue Service and is how they identify your company. An EIN is also commonly referred to as an FEIN (Federal Employer Identification Number) and FTIN (Federal Taxpayer Identification Number).