- Preparing for 2021: Tax Planning Strategies for Small Business Owners
- Now is a great time for small business owners to think about tax planning strategies, either to close out this year or to prepare for 2021. Here are some examples.
- Video: Game Shows & Taxes
- The big prizes for the winners in popular game shows are taxable on the contestant’s state and federal tax returns. Watch the video to avoid unpleasant surprises.
- What Happens if I Receive an IRS CP2000 Notice?
- If you receive an IRS CP2000 notice (also known as an underreporter inquiry) in the mail, don’t panic. First step: contact our office. We’ll help you through the rest.
- 5 Resolutions QuickBooks Online Users Should Make for 2021
- New year, new challenges, and the potential for new successes. Here are five ways you can improve your financial management in 2021.
- New Business? Tax Issues to Consider
- In spite of COVID-19 restrictions many entrepreneurs are considering possible new or additional business opportunities. So, if you are planning a new business start-up and are incurring some expenses, you probably anticipate deducting those expenses in the first year of the business’s operation. Unfortunately, it is a little more complicated than that. Expenses a business incurs in the beginning can include equipment purchases, vehicle purchases and use, leasehold improvements, organizational costs and start-up expenses, and each receives a different tax treatment.
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