Published July 24, 2023 – We are pleased to share the recent major policy change announced by the Internal Revenue Service (IRS) as part of its larger transformation effort. The new policy will put an end to most unannounced visits to taxpayers by agency revenue officers. This move aims to reduce public confusion and enhance […]
Published July 24, 2023 Table of Contents Business Expenses Recap In our previous post, we discussed tax obligations for home-based businesses, including registration, reporting, record-keeping, and timely tax filings. We emphasized the need for licenses and registrations, as well as maintaining proper financial records. Today, we explored the home office deduction, eligibility criteria, calculation methods, […]
Published July 22, 2023 – Are you a business owner looking for the perfect bookkeeping software to manage your finances more efficiently? Well, you’re in luck! In this article, we’ll explore the top 10 bookkeeping software solutions for 2023 that can help streamline your accounting processes and save you valuable time. So, grab a cup […]
Published July 21, 2023 – In our previous post, we discussed tax obligations for home-based businesses and covered registration, reporting, record-keeping, and the importance of timely tax filings. We emphasized the need for licenses and registrations, such as business licenses, professional licenses, sales tax permits, home occupation permits, health and safety permits, and trademark or […]
Published July 20, 2023 – In today’s competitive business landscape, reducing overhead expenses is essential for sustainable growth and increased profitability. High overhead costs can eat into your profits, hinder expansion plans, and jeopardize the overall financial health of your organization. Introduction Knowing the right strategies and cost-saving measures, you can optimize your operations and […]
Published July 20, 2023 – Every year millions of taxpayers postpone filing their tax returns by requesting an extension. While taxes may not be the first thing to come to mind in the summertime, it is an ideal time to start tax planning. IRS.gov is the fastest and most convenient way to get tax-related information […]