Published September 13, 2023 – Let’s start by exploring why bookkeeping is so important for HVAC companies like ours. As HVAC professionals, we focus on providing quality services and ensuring customer satisfaction. However, to sustain and grow our business, we need to pay equal attention to the financial side of things. Bookkeeping plays a vital […]
Category: Blog
The IRS also makes mistakes…
Published September 13, 2023 – Bureaucratic errors can—and they do happen. Among the forms that some businesses need to submit to the IRS is the Form 8955-SSA. This form provides information about separated employees who still have retirement benefits with the company. Now, what happens when you’ve filed this form on time but receive a […]
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The IRS also makes mistakes…
Individual vs. Business Taxes: A Guide to Navigating the Complexities of Taxation
Published September 13, 2023 – Ah, taxation—the unavoidable and often complex aspect of modern economic systems. Understanding the taxation landscape is crucial whether you are an individual grappling with income tax or a small business owner juggling multiple tax obligations. In this comprehensive guide, we are diving deep into the essential distinctions between Individual Taxes and Business Taxes. […]
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Individual vs. Business Taxes: A Guide to Navigating the Complexities of Taxation
Understanding Business Use for Tax Purposes
Published September 13, 2023 – To effectively navigate the IRS, it is crucial to have a solid understanding of how the Internal Revenue Service (IRS) defines and analyzes business use. This blog will serve as your complete guide to knowing how the Internal Revenue Service (IRS) regards commercial usage and how it affects the tax […]
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Understanding Business Use for Tax Purposes
The IRS Form W-9: A Beginning Guide
Published September 12, 2023 Welcome! Today, my goal is to help you understand Form W-9 and explore everything we need to know about it. Whether you’re a business owner, freelancer, or just curious about tax forms, understanding Form W-9 is essential in the world of accounting. So, let’s dive right in! Table of Contents […]
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The IRS Form W-9: A Beginning Guide
Why Should We Be Careful When Deducting Business Meals?
Published September 11, 2023 – Business meal deductions refer to the practice of deducting expenses related to meals incurred while conducting business activities. These deductions are a tax-saving strategy employed by businesses to reduce their overall tax liability. In essence, they allow a portion of the costs associated with meals to be subtracted from a […]