by Donald Bicking Jr. CPA, CTC | Jan 31, 2022 | Small Business
If you operate a business, or you’re starting a new one, you know you need to keep records of your income and expenses. Specifically, you should carefully record your expenses in order to claim all of the tax deductions to which you’re entitled. And you want to make...
by Angelo Sandone | Jan 31, 2022 | Uncategorized
As of January 2022, mobile payment apps like Venmo, PayPal and Cash App are required to report commercial transactions totaling more than $600 per year to the Internal Revenue Service. The change to the tax code was signed into law as part of the American Rescue...
by Diogo P. Azevedo | Jan 28, 2022 | Individual
You may pay out a bundle in out-of-pocket medical costs each year. But can you deduct them on your tax return? It’s possible but not easy. Medical expenses can be claimed as a deduction only to the extent your unreimbursed costs exceed 7.5% of your adjusted gross...
by Richard Hall | Jan 27, 2022 | Small Business
Are you planning to launch a business or thinking about changing your business entity? If so, you need to determine which entity will work best for you — a C corporation or a pass-through entity such as a sole-proprietorship, partnership, limited liability company...
by Angelo Sandone | Jan 26, 2022 | Individual
With the rising cost of living, most Americans are looking for every corner they can cut to make ends meet. As tax season approaches and most people are receiving their end of year statements, many Americans are considering using common tax software or wondering if...
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