30 Important Tax Tips You Must Know to Reduce Your Taxes! - #2 Accurate Profit & Loss Statement
Previously we talked about knowing your numbers. Today, we will share with you common errors that business owners made that have caused...
30 Important Tax Tips You Must Know to Reduce Your Taxes! - #1 Know Your Numbers!
Time is running out! If you run a business, this is the best time for you to review your tax position before it’s too late. For the rest...
Happy Thanksgiving From All Of Us At XQ CPA!
2020 has been a difficult year, but now is the time to relax and be thankful for what we have despite all of the hardships. Our team...
Will Biden Tax Implications Affect You?
With the election shifting towards a victory for Biden, how will his presidency affect your taxes? If you own a business and HATE paying...
What Is Reasonable Compensation For An S Corp?
Thinking of switching your entity to be taxed as an S Corp to reduce your FICA, Self-Employment, Social Security, and Medicare taxes...
The Potential Tax Implications if Joe Biden Wins The Election?
What does that mean for you and your taxes if Joe Biden wins? There are going to be a lot of changes that will potentially affect your...
Decide How Much In Taxes You Want To Pay With This Tool!
Many business owners don’t realize that they hold the KEY to deciding how much they want to or they need to pay taxes.
The Difference Between 1099 NEC vs 1099 MISC
The IRS this year released a tentative draft of a new form tied to 1099 filing: 1099-NEC. Now there are two 1099 forms, 1099-MISC and...
Year-End Checklist For 2020 and Beyond!
So the year is almost over, but before it is over now is the perfect opportunity to plan for the next year for your business. Although 2020
A Fascinating Behind-the-Scenes Look at Trump's Tax Returns
Owning an empire of hundreds of businesses, you would think that he would have high tax bills.
