Navigating the Tax Maze: Don’t Let Bad Apples Ruin Your Financial Harvest Hello, fellow navigators of the tax maze! October 16, 2023, is fast approaching, marking the extension filing deadline. If you’re like many, you might be scurrying around searching for that perfect tax preparer. But beware, while most preparers are gems, guiding us through …
Don’t Let Bad Apples Ruin Your Financial Harvest Read More »
We all know that teachers often go above and beyond for their students, even reaching into their own pockets for classroom supplies. But did you know there’s a tax break specifically designed to help educators recoup some of these costs? Dive into the Educator Expense Deduction and discover how it benefits those shaping the future. …
Educators: Finally Getting the Special Deductions They Deserve Read More »
Truckin’ Through Tax Season: Heavy Highway Vehicle Use Tax Explained Hey there, road warriors! 🚛💨 If you’re a trucker, there’s one tax that’s especially important to keep an eye on: the Heavy Highway Vehicle Use Tax. But don’t fret, we’ve got your back with a fun breakdown of what it is and how to navigate …
In last week’s blog post we covered how to keep your documentation contemporaneous and consistent to stay compliant with the IRS and make tax time a lot easier! This week let’s cover what kind of documentation you need to keep and for how long. COMPREHENSIVE – WHAT TO KEEP AND HOW LONG TO KEEP IT …
Just Good Business: How to Keep Business Records for Tax Compliance Part2 Read More »
Tax Relief Announced for Floridians Affected by Idalia If you or your business felt the harsh winds of Idalia in Florida, there’s some good news for you on the horizon. The Internal Revenue Service (IRS) recently unveiled tax relief measures for those impacted by the devastating effects of this storm. Extended Deadlines Those residing in …
Wave a Temporary Aloha to Taxes: Tax Relief for Hawaii Wildfire Victims! Aloha, dear readers! Today we’re shedding some light on a different kind of warmth for the residents of Maui and Hawaii counties. The flames of recent wildfires might have brought distress, but the IRS is fanning the winds of relief. 🌴 The IRS’s …
Winds of Tax Relief for the Hawaii Wildfire Victims Read More »
Have you ever looked at one of your business documents and thought, “How long should I keep this?” Well, you aren’t alone! This is one of the most common non-tax questions tax professionals receive. Let’s talk about record-keeping. Good business record-keeping is good for business. There is a lot that goes into records management, and …
Just Good Business: How to Keep Business Records for Tax Compliance Part 1 Read More »
As a business owner, you have probably either already hired family members or you’ve considered it. It can be a way of sharing your success with those closest to you or a way of keeping business in the family. Hiring family has great tax benefits but it can have consequences if done incorrectly. The rules …
