by Candy | May 5, 2017 | Taxes
In the last post, we discussed the factors used to determine if the activity in which you are engaged is a hobby or a business. To read that post, click https://affordablebookkeepingandpayroll.com/hobby-really-business/. Today we’re going to discuss how to take...
by Candy | May 2, 2017 | Taxes
Many people have begun a hobby for fun, but it has turned into a business. I have helped several clients who started out using their product or service for family and friends and demand from others grew. So how do you know if your hobby is really a business? The IRS...
by Candy | Apr 25, 2017 | Taxes
If you’re someone who enjoys giving to charities, this information could be of use to you. In an article by David Randolph, he offers some helpful tips for charitable IRA owners and how that could benefit them tax-wise. A review of strategies to maximize the tax...
by Candy | Apr 21, 2017 | Taxes
In the last blog, we shared information on the statute of limitations and how long financial documents should be retained. To read this information, see (http://bit.ly/2pBkL6z). Today’s blog shares details on what paperwork may need special attention, and what...
by Candy | Apr 18, 2017 | Taxes
Do you worry about what tax paperwork you should save and which ones are okay to throw away? In an article on Forbes.com, Kelly Phillips writes some very specific and informative tips in order to help out taxpayers like you who question which financial paperwork is...
by Candy | Apr 14, 2017 | Business, Featured, Taxes
In an article on Forbes.com, Robert W. Wood writes how on the old proverb “it’s better to ask for forgiveness than to ask for permission” can be used when dealing with the IRS. It isn’t a crazy concept. After all, do you want to call the IRS? Doing so is usually...
