Published July 25, 2023 Table of Contents Recap In the last article, we provided a recap of deductible expenses for home-based businesses and offered best practices for record-keeping. We explained that expenses exclusively for the home office, such as office furniture, could be fully deducted, allowing business owners to indulge in guilt-free shopping. However, luxury […]
Category: Blog
Tax Filing. Go ahead, I bet you won’t read another article.
I’m here to help you become more prepared for tax season next year. I get it, tax filing is boring, and you probably don’t want to do it anyway. So, how about a challenge? You can click away, probably see an ad, and remember this article. Or, you can go ahead and read it. I’ll […]
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Tax Filing. Go ahead, I bet you won’t read another article.
IRS Announces Policy Change: Ending Unannounced Visits to Taxpayers
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 […]
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IRS Announces Policy Change: Ending Unannounced Visits to Taxpayers
Navigating Murky Waters: Tax Challenges for Home-Based Businesses | Part Four
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, […]
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Navigating Murky Waters: Tax Challenges for Home-Based Businesses | Part Four
Top 10 Bookkeeping Software Solutions for 2023
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 […]
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Top 10 Bookkeeping Software Solutions for 2023
Navigating Murky Waters: Tax Challenges for Home-Based Businesses | Part Three
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 […]