Exciting News If You Drive A Lot For Your Business!
If you run a business and you drive a lot, this will be exciting news for you! On Friday, after decreasing two years in a row, IRS...
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...
The Difference Between Employees & Independent Contractors
When hiring new workers/contractors, they must be classified correctly as either an employee or independent contractor. The correct...
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...
IRS Update On Depreciation Limits For Passenger Automobiles
The IRS has just issued its annual inflation-adjusted update of depreciation limits for passenger automobiles (including vans and...
IRS Provides Additional Guidance For ERC Q3 & Q4!
Good news! The IRS has provided additional guidance to employers for claiming ERC (Employee Retention Credit) for the third and fourth...
Tax Free Weekend Is Coming!
Texas, time to shop for your business! We have some amazing news, August 6 – 8 is a tax-free weekend for Texas! While practicing social...
The Secret Behind SEP Accounts
If your business has been profitable in 2021 and you are thinking of setting aside some money for retirement but are not quite ready for...
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...
