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...
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...
10 Strategies To Reduce Your Taxes - Tip #2 Maximize Deductions
We are nearing the end of the year with Thanksgiving at a close. Luckily, we have our second strategy out of the ten to reduce your...
IRS Announced Higher Federal Income Tax Brackets For 2022!
We have some breaking news; the IRS has announced higher federal income tax brackets for 2022 amid rising inflation. The consuming price...
2021 Year End Checklist For Businesses
The XQ CPA End of Year Checklist can be found here Today, our team is going to discuss how to prepare your business for the end of the...
Is America Becoming A Communist Country?
President Joe Biden recently proposed a mandate that the IRS should have access to all of our transaction information (withdrawals or...
Why CEOs Are Worried About The Latest Tax Law Changes?
Based on the latest tax law changes, CEOs are getting worried about a potential increase in corporate tax rate from 21% to 26.5%. To make...
A Beginners Guide to Payroll Taxes
If you have just started a business and you are thinking of hiring employees, it is easy to believe that payroll starts and ends when you...
5 Steps To Business Recovery!
Now that restrictions are easing and businesses have reopened, what are the best method to reopen your business and welcome your guests...
