by candy | Dec 30, 2024 | Taxes
Self-employment offers many benefits, but it also brings additional tax responsibilities. One of the key forms you’ll need to file as a sole proprietor or single-member LLC is Schedule C, which reports your business’s profit or loss. What is Schedule C? Schedule C,...
by candy | Dec 5, 2024 | News Letter, Sales Tax, Taxes
As digital threats evolve, we face increasing risks from scams, even outside of the traditional tax season. It’s crucial to stay informed and build defenses against these cyberattacks. Some Key Issues Include: E-Signatures: While convenient, e-signature software can...
by candy | Sep 13, 2024 | Taxes, Video Blogs
Since we are past the original filing due date of March 15 for certain entities and April 15 for individuals and C Corporations, you have either filed your return or requested an extension. With the filing deadline for extensions fast approaching, I wanted to share...
by candy | Aug 26, 2024 | Featured, News Letter, Taxes
The QBI deduction allows eligible business owners to potentially deduct up to 20% of their qualified business income (QBI). This applies to income from sole proprietorships, single-member LLCs treated as sole proprietorships, partnerships, LLCs treated as...
by candy | Jul 15, 2024 | Featured, Taxes
The Tax Cuts and Jobs Act (TCJA), guidelines and tax expectations have become a little confusing lately. To assist small businesses save some money and avoid accidental penalties in the wake of our current loophole-filled tax law, here are some tax-saving tips to...
by candy | Jul 8, 2024 | Featured, Taxes
A recent report from Avalara suggests that businesses should anticipate an increase in sales tax audits in 2024 due to various changes happening at state and federal levels. These changes include advancements in technology such as artificial intelligence, which are...