Tax credits and deductions change regularly, and the Tax Cuts and Jobs Act of 2017 eliminated some deductions and limited some others. However, there are still ways for wage earners to lower their tax liability. Currently the federal income tax brackets range from 10% to 37%, but if you’re smart about claiming deductions and creditsContinue reading “Steps to Reducing Your Taxes”
Category Archives: taxes
Getting Ahead of the Game #TaxSeason
Preparing your taxes early can help in alleviating last minute stressors and assist you in being better organized as you begin those first dreaded months of the year. Taxpayers experience dread as the new year approaches, but due to the global pandemic changing so many things, tax dread only seems to be getting worse. DueContinue reading “Getting Ahead of the Game #TaxSeason”
Is Accounting for Me?
Accounting is a lot of responsibility and can be monotonous. It is definitely not for everyone as accounting requires serious concentration, one small mistake can make for a huge error and possibly cost you your job. However, many individuals have all the important qualities that make for an amazing accountant. So if you wonder ifContinue reading “Is Accounting for Me?”
Top Payroll Processing Software for 2022
Business owners can take their company to the next level by simplifying employee payments, tax filing, and more when they choose the right payroll processing software. Your choice in payroll software should make it easy to manage your company’s payroll, benefits, human resources, etc. in an all-in-one modern platform. We have done the research onContinue reading “Top Payroll Processing Software for 2022”
Accounting Software- Which one is the best?
While we did discuss tips and tricks for QuickBooks in our May blog post, there are other highly rated accounting softwares available. QuickBooks is the top-rated accounting software, but there are other names you may not recognize that also provide excellent features. Really the choice on softwares should be what suits your business the bestContinue reading “Accounting Software- Which one is the best?”
QuickBooks Tips and Tricks for the Non-Tech-Savvy
You are most likely to think of QuickBooks if someone mentions accounting software for small businesses as QuickBooks is servicing 4.5 million global customers online, per Intuit Investor Day 2019. Forty percent of that number are small businesses, out of which 30% are product-based businesses. Learning and becoming familiar with QuickBooks should definitely be onContinue reading “QuickBooks Tips and Tricks for the Non-Tech-Savvy”
Organization Tips to Simplify Personal Document Filing Include folder label ideas, tips on how long to hang on to various categories of documents, how and when to purge old files, etc.
Organizing your personal belongings is one of the most tedious, put off and difficult tasks for people to do. From not knowing what items to hang on to and how to organize them, important information and documents tend to get lost in the mix. This can become particularly difficult during important times such as; buyingContinue reading “Organization Tips to Simplify Personal Document Filing Include folder label ideas, tips on how long to hang on to various categories of documents, how and when to purge old files, etc.”
How to pay taxes as a freelance worker or sole proprietor.
Becoming a freelancer or sole proprietor can be extremely rewarding, it gives you the freedom to structure your work to fit your schedule. You are able to work when and how you want and take on the clients you choose to work with. It can also be extremely scary that there is not set structureContinue reading “How to pay taxes as a freelance worker or sole proprietor.”
E-Commerce Tax Considerations
If you run an E-commerce business you’ve got to be prepared for the upcoming items. Payment Gateways Trademarks, copyrights & patents Possible shipping restrictions Specific lease requirements Sales tax laws can be very tricky since the are so different from state to state laws. This large variation in rules is mainly due to the factContinue reading “E-Commerce Tax Considerations”
Late Filing Tax Tips
With the extension of tax day currently dated for July 15, 2020 you now have more time to prepare for filing, but if you’re waiting until the absolute last second to file your taxes, don’t worry, you’re not alone. Truthfully about 20% to 25% of Americans wait to prepare their returns. But delaying may cause more troubleContinue reading “Late Filing Tax Tips”
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