California is known for a lot of fun and unique things, but in the taxes and accounting world, California is known for high taxes, and their capital gains tax is no exception. In today’s article, I’ll explain everything you need…
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Small Business Tips
The 2% rule for itemized deductions is a concept that used to apply to certain types of miscellaneous expenses in excess of 2% of your adjusted gross income (AGI).
If you’re a small business owner, you’re likely working tirelessly to grow your company. As your business expands, you’ll want to carefully consider whether it’s time to hire your first employee. In today’s post, we’ll explore ten questions you should…
Here in the United States, we have a pay-as-you-go federal tax system, which means you have to pay your income taxes throughout the year as you earn your money. If you’re a small business owner, this usually means you make…
Can you deduct 20% of your net rental income from your income taxes? If your real estate investment brings in qualified business income (QBI), then you probably can!
If you’re one of the millions of people around the world who is using PayPal to send or accept money, there might come a time when you need to use their customer support to resolve an issue. In today’s article,…
Since the money is coming from the government to start with, many people ask, “Do I have to pay taxes on my unemployment benefits?” In today’s article, I’ll answer that question and respond to the most frequently asked questions regarding…
If you’re using QuickBooks Online as your bookkeeping tool, but you’re not keeping track of your fixed assets, you’re missing an important step in helping reduce your tax burden. This article includes step-by-step instructions on how to record fixed assets in QuickBooks Online.
If you’ve noticed Code 570 and Code 971 on that transcript and are wondering what those codes mean for you and your money, today I’ll explain all of the possibilities for you.
In the United States, we have a progressive tax system based on tax brackets. How these tax brackets work is something that is commonly misunderstood. In today’s article, I will explain how tax brackets affect you so you’ll have the…