by Karla Dennis | Mar 6, 2018 | Blog
Business Tax Mistakes You Do Not Want to Make Business owners are always trying to avoid the attention of the IRS. Sometimes just the fear of a costly audit will cause an owner to make an avoidable mistake. Here are some business tax mistakes commonly made, and how to avoid them. Entrepreneurs, by their very nature, consider themselves a jack of all trades. Let’s face it, you have not gotten where you are today without being able to multitask. Not only have you assumed the role of receptionist, sales person, chief executive offer and chief financial officer. You are truly a do-it-yourselfer. You have only hired employees because you just do not have enough time to do everything anymore. For the most part, this has probably not been a bad thing. When it comes to your tax preparation, however, the IRS is singing a different tune. According to the IRS, 35% of the business returns filed by business owners contain avoidable mistakes. Because the IRS believes business owners are special, too, they have launched an audit program that specifically targets business owners. Juggling your business has just gotten harder because now you have one more concern to add to your plate. read...
by Karla Dennis | Mar 2, 2018 | Blog
The Power of Common Courtesy A few questions you should ask yourself about your level of common courtesy are. Are you easily frustrated with the way others treat you? Do you scream when you’re cut off in traffic, or seethe when someone checks out at a grocery store with 11 items in the 10 items or less lane? Lack of consideration can cause frustration for you, but it can also remind you to do your part in making the lives of others around you better. When you do, you’ll feel better about yourself and you’ll feel far less frustrated about the things going on around you. read...
by Karla Dennis | Feb 27, 2018 | Blog
It is important to understand how Tax Preparation Expert Advice can assist you in achieving your dream. Fully utilizing a plan will not only enhance your business, but help lower your personal taxable income. Many taxpayers believe hiring a tax preparation expert and filing taxes can be a time consuming, boring and complex chore. Tax accounting software has become a choice for simplifying this annual job for “do it yourself” enthusiasts. A good tax accountant is another great alternative, however. Even the IRS gives a wealth of information on taxpayer resources geared towards individuals that decide to file tax returns themselves. Regardless of getting to use these resources, tax preparation and filing your taxes on your own continues to be time consuming. read...
by Karla Dennis | Feb 20, 2018 | Blog
Legitimate ways to make money online The internet offers numerous legitimate ways to make money online. Unfortunately, the internet can also be a minefield of scammers. Because of this, many who have dreamed of earning a part time or full time income from home have given up. If you’re dreaming of a way to supplement or replace your income at home, you can do so if you know where to look. Try one or more of these ways to make money online: 1. Freelance your expertise. If your specialty lends itself to freelancing remotely. Than take advantage of your scheduling flexibility and begin seeking paid work online. If possible, ask your current employer or existing clients if they’d be comfortable allowing you to work from home. read...
by Karla Dennis | Feb 13, 2018 | Blog
Tax Advantages for the Self-Employed There are some great tax advantages for the self-employed. Being self-employed allows for plenty of opportunities to minimize your taxable income by turning expenses you would have even if you weren’t self-employed into tax-deductible business expenses. This article will give you some of the information you need to dramatically reduce your taxable income with a little work and planning. Here are some of the great tax advantages for the self-employed. Home office. This deduction is not the simplest one to pull-off. It is largely based on the honor system. But, you should be prepared to defend in the case of an audit. It is a deduction that is commonly attacked by the IRS because the requirements are difficult for many to maintain. read...
