small business | xqcpahouston 8/13

30 Important Tax Tips You Must Know to Reduce Your Taxes! - #23 IRA Contribution

Tip #23 IRA Contribution. It is a retirement contribution to a traditional IRA account if you have active (earned) income. IRA...

30 Important Tax Tips You Must Know to Reduce Your Taxes! - #22 Bonus Depreciation

Tip #22 Bonus Depreciation. Having a hard time finding deductions to minimize your tax burden for 2020? Have you considered bonus...

30 Important Tax Tips You Must Know to Reduce Your Taxes! - #21 Net Operating Losses

Tip #21: Net Operating Losses. A Net Operating Loss (NOL) can benefit your tax position by carrying back these losses to offset your...

Tax Deadlines In January 2021! (Tax Forms, Updates, PPP2 and More!)

It’s now January and there are many deadlines that you must prepare for the upcoming tax season. Not to mention there is also the next...

30 Important Tax Tips You Must Know to Reduce Your Taxes! - #18 Prepay Expenses

Tip #18: Prepay Expenses. They are future expenses that have been paid in advance, so expenses that will be used in the future like rent,...

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! - #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)....

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How to Have Long-Term Financial Stability for Your Business

Ensuring Your Business’s Success

Why Businesses Relocate to Texas

Good News! PPP 2 (PPP Round 2) Is Here! Who Qualifies, Tax Updates, and More!

Differences Between the Current SBA Loan and the Future SBA Loan

Disaster Assistance Program

How Do You Survive A Recession?

Are You Giving Away Your Hard-Earned Money to the IRS?

Should You Issue 1099 To Your Contractor?

TAX SEASON STARTS JAN 29

Happy Thanksgiving from XQ CPA!

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Last-Minute Retirement Deductions for 2024

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Trump Won the 2024 Election, Now What?

What Should You Expect After the Election?

Business Deductions to Claim Before End of 2024

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