Deductions Are Never Enough!!!
There are many deductions to cover, but an important one is the Home Office Deduction. Whether you are a sole proprietorship, S-Corp, or...
IRS Issues Guidance Regarding Employee Retention Credit Termination
The IRS has issued guidance regarding the retroactive termination of Employee Retention Credit (ERC) starting from Oct 1, 2021, except...
How Accounting Has CHANGED My Life!!!
The accounting industry has been filled with unforgettable memories and has changed my life. I never knew the path I was going to take,...
Top 3 Mistakes Business Owners Face!
The need for adapting to business conditions is crucial for a business to succeed. That's why it is important to review the most common...
10 Strategies To Reduce Your Taxes- #3 Taking Advantage Of Business Credit Cards
Happy December! The holidays are coming, but so is the end of the fiscal year. As a business owner, you probably already know the...
Is Your Business Affected By The Global Inflation?
Is your business affected by the global inflation we are currently experiencing? Inflation has recently increased while the US economy is...
The Difference Between Single-Member LLC & Sole Prop
So you plan to start your own business but you are not sure whether you should register an LLC for your business? Do you know the...
Tax Credits You Can Get When You Hire Employees!
If you own a business and have employees, do you know that there is a tax credit that pays business owners who hire eligible veterans,...
You just started a business and wonder what you can write off?
Good news! Expenses paid or incurred in 2021 are allowed as a current deduction in the year the active trade or business begins, up to...
President Biden’s Tax Hikes Are Coming!
First, Biden wants to raise the corporate tax rate from 21% to 28%. Second, the top individual's income tax rate will be raised from 37%...
