30 Important Tax Tips You Must Know to Reduce Your Taxes! - #19 Stop Invoicing
Tip #19: Stop Invoicing. It has been a long year for everyone, and you have been working hard throughout all of 2020. As the year is...
30 Important Tax Tips You Must Know to Reduce Your Taxes! - #17 Invest in Revenue Generating Assets
Tip #17: Invest in Revenue Generating Assets. When running your business, how often do you purchase equipment or machinery for it? Do you...
30 Important Tax Tips You Must Know to Reduce Your Taxes! - #16 Health Savings Account
HSA (Health Savings Account), like a savings account but only used for qualified healthcare expenses. They can help you with...
30 Important Tax Tips You Must Know to Reduce Your Taxes! - #15 Retirement Contributions
Tip #15: Retirement Contributions. Retirement contributions can be pre-taxed or after-taxed, depending on whether the retirement plan you...
Good News! PPP 2 (PPP Round 2) Is Here! Who Qualifies, Tax Updates, and More!
The second round of the Paycheck Protection Program (PPP 2) is now thanks to the new relief package Congress has approved! The $900...
30 Important Tax Tips You Must Know to Reduce Your Taxes! - #14 Should You Pay Your Kids
Tip #14: Should You Pay Your Kids? When you hire your children, you can get a business tax deduction (for employee wage expense)....
Happy Holidays From All of Us At XQ CPA 2020!
2020 has been a difficult year for many this year, however, from all of us at XQ CPA, we would like to thank you for your continuous...
30 Important Tax Tips You Must Know to Reduce Your Taxes! - #13 Should You Pay Yourself
Tip #13: Should You Pay Yourself Now? One of the most common questions business owners ask especially approaching the holiday season. ...
30 Important Tax Tips You Must Know to Reduce Your Taxes! - #11 Missing Out-of-Pocket Expenses
Tip #11: Missing Out-of-Pocket Expenses. When going out for a business trip or to get some supplies for the office, you may have...
30 Important Tax Tips You Must Know to Reduce Your Taxes! - #10 What is Fully Deductible
Tip #10: What is fully deductible, partially deductible, and non-deductible? We all want to maximize our deductions so we can reduce our...
