Published January 15, 2024 – Navigating the IRS Deadline for Wage Statements and Independent Contractor Forms As the end of January approaches, small business owners and entrepreneurs must be aware of the important deadline set by the Internal Revenue Service (IRS). January 31st marks the cut-off date for submitting specific tax documents vital for your […]
Published December 18, 2023 – As a small business owner, staying well-informed about the regulatory environment surrounding your finances is crucial for success. CPA mobility is a key aspect that directly impacts how accountants can serve you, regardless of state lines. By understanding and leveraging CPA mobility, you can ensure that you have access to […]
Published Dec 15, 2023 – The Internal Revenue Service has recently released the 2024 optional standard mileage rates, which are utilized in computing the deductible expenses associated with operating an automobile for business, charitable, medical, or moving purposes. Effective from January 1, 2024, the standard mileage rates for the use of a car (including vans, […]
Published December 14, 2023 – When it comes to juggling deferred tax information, how do companies decide between making their financial statements look good now versus being straight-up with stakeholders in the long run? Table of Contents The Liability MethodImplications for BusinessesThe Asset-Liability ApproachImplications for Businesses As businesses navigate the complex terrain of financial reporting, […]
Published November 29, 2023 – Hello, fellow entrepreneurs and small business enthusiasts! Today, we’re diving into a topic that might not be the most glamorous but is undeniably crucial for the success of your small window washing business—tax planning. Now, I know what you might be thinking, “Taxes? Really?” But bear with me, because understanding […]
Published November 29, 2023 – As a small business owner, staying on top of tax deadlines is crucial. With 2024 around the corner, it’s time to prepare. Let JTC CPAs be your guide through this maze of dates and requirements. General Tax Calendar Overview The IRS General Tax Calendar is an invaluable tool for small […]