Taxation of Your Side Job The opportunities to make money on the side seem endless. You may use an app like Uber, Lyft or Airbnb or you run your own business on the side. Whatever you do, it is important that you understand the taxation of your side job. Not preparing and having a [...]
Bookkeeping Tips Bookkeeping is an essential component of having a successful business. However, bookkeeping is only beneficial if done correctly. If you are not confident that you can do it correctly in-house, then you may make the decision to outsource it to an accountancy firm. Of course, if you choose to do this then [...]
Amending Your Tax Return-Why & When Amending your tax return allows you to change your tax information with the IRS. Why would you want to file an amendment? When should you do so? We will answer these questions and more in this article. Why Amend Your Return When considering whether or not to file [...]
Investment Taxation As you get ready to file your taxes, you may be wondering about investment taxation. In this article, we will go over the basics of how your investments are taxes so you can prepare to file your taxes. Different Types of Income One of the factors that determine your taxation is the [...]
Taxation of Rental Property Rental property serves as a steady source of primary or secondary income for many. If you own rental property, there are several tax topics that you should be familiar with. In this article, we will go over the basics of rental property taxation. Rental Property Income According to the IRS, [...]
Getting Ready for Your Tax Preparation Appointment. Tax season is upon us, so now is the time to prepare for your upcoming tax preparation appointment. To help you get ready, we have compiled this list of 5 things you to take with you to your tax preparer’s office. 1. Photo Identification The IRS now [...]
Tax Season Preparation It is hard to believe it is already 2017! Unfortunately, that means it is tax season. Tax season is stressful and complicated for everyone, but it can be even more so for small business owners. In this article, we will go over some tax season preparation tips for small business owners. [...]
Basic Tax Terminology You Should Know Tax forms are complicated and hard to understand. The unfamiliar terms they use can make it even more complicated. In this article, we will go over basic tax terminology that you should know. These terms will help you better understand your tax return and how [...]
1099s: The Basics 1099s are forms that show how much income you have earned over the year. These forms document income received from sources other than an employer. There are numerous different kinds of 1099s, all for types of alternative income. In this article, we will go over the most common 1099s and why [...]
Preparing for Retirement There is so much you must prepare for as you near retirement. You need to make sure you have enough saved in various retirement accounts, figure out the best time for you to file for social security, decide where you want to live, learn about Medicare and your different health insurance [...]
