tax tips

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8 10, 2018

How to Fill out a 1099

By | 2018-10-08T18:52:53+00:00 October 8th, 2018|1099, Accounting, Billing, Business Advice, Financial, Income, IRS, new business owner, Our Services, Tax, taxes|Comments Off on How to Fill out a 1099

In a previous post, we discussed who gets a 1099, and now you need to know how to fill out a 1099. Documents like this can be intimidating at first glance, but when you break them down it is quite simple. Here is our guide, box by box, of how to fill out a [...]

10 09, 2018

Who Gets a 1099?

By | 2018-09-25T23:25:03+00:00 September 10th, 2018|1099, Accounting, Business Advice, IRS, new business owner, Tax, tax refund, Uncategorized|Comments Off on Who Gets a 1099?

1099's have proven to be a point of confusion for many clients, so we’ve compiled a list of all the people you need to send a 1099 as a point of reference. Feel free to use this blog as a reference as your prepare to send these out in just a few short months. [...]

13 03, 2018

4 Ways to Maximize your Medical Deductions with the new Tax Law

By | 2018-03-13T18:33:28+00:00 March 13th, 2018|Accounting, Blog, Business Advice, Cashflow, Financial, Tax, time and money savers|Comments Off on 4 Ways to Maximize your Medical Deductions with the new Tax Law

The new tax law has changed many things about our lives, and medical deductions is one of them. The new law’s final version kept the itemized deduction for medical expenses, and it lowered the adjusted gross income (AGI) limitation from 10% to 7.5% for 2017 and 2018. Here is where it gets a little [...]

17 11, 2017

Military Tax Breaks You Might Not Know About

By | 2018-01-08T17:58:17+00:00 November 17th, 2017|Blog, Financial, Monthly GAB, Tax, The Tax GAB, time and money savers|2 Comments

Military service members take many sacrifices and have special obligations in order to serve their country; naturally, their taxes are affected. There are a number of special tax breaks they are entitled to and this post will be to inform our service members of what exactly they entail. Residence or Domicile: Because there are times [...]

17 10, 2017

What You Need to Know About the Possible Tax Reform

By | 2018-01-08T17:58:06+00:00 October 17th, 2017|Business Advice, Financial, For CPA's, Tax, The Tax GAB|Comments Off on What You Need to Know About the Possible Tax Reform

The Republican members of Congress just released a proposal for their vision on tax reform. This is an issue we’ve been hearing about since Trump’s campaign, and  many of us may be wondering what it means this time around. Some issues have been addressed with more specificity than before, but some issues are still lacking [...]

17 10, 2017

8 Ways to Help Save Money as a Startup

By | 2018-01-08T17:57:58+00:00 October 17th, 2017|Blog, Business Advice, Financial, For CPA's, Hiring, Monthly GAB, new business owner, New employees, Small Business GAB, Starting a new business, time and money savers|Comments Off on 8 Ways to Help Save Money as a Startup

One of the most exciting adventures in life is starting a new business. It opens a world of opportunity to extend helpful services and make life easier for those around us. However, in the beginning stages of building a business there are several unavoidable expenses but by following these 8 tips on increasing profits you [...]

11 05, 2017

Ten things that new businesses should know about taxes

By | 2017-05-11T14:21:58+00:00 May 11th, 2017|Blog, Business Advice|Comments Off on Ten things that new businesses should know about taxes

If you have started a new business, you will need to know more than just ten things about taxes. A CPA or tax advisor can keep you and your business on track and educate you about what you need to do to report income and file your taxes properly. If you start with these ten [...]

27 04, 2017

Why Am I Paying so Much in Taxes? A Tax Professional Can Help You Avoid Common Mistakes

By | 2017-04-27T15:02:06+00:00 April 27th, 2017|Blog, Financial, Tax|1 Comment

If you've ever wondered why your small business pays so much in taxes, maybe it's because you need to hire a tax professional to help you avoid common mistakes. There are a number of mistakes businesses routinely make that cost them big money when paying taxes, such as not choosing the right entity type for [...]

7 04, 2017

Don’t Overlook Tax Deductions for Home Ownership

By | 2017-04-07T12:59:15+00:00 April 7th, 2017|Blog, Monthly GAB, Tax, The Tax GAB|Comments Off on Don’t Overlook Tax Deductions for Home Ownership

Whether you already own a home or are considering buying one, you should be aware of the many tax benefits that go along with home ownership. There are plenty of reasons for owning a home, including the potential for capital appreciation and the fact that many of the costs are tax deductible, while rent is [...]

9 03, 2017

Why You’re Paying So Much in Taxes: Common Tax Mistakes

By | 2017-03-09T18:55:50+00:00 March 9th, 2017|Blog, Tax|Comments Off on Why You’re Paying So Much in Taxes: Common Tax Mistakes

Everyone knows that taxes and coming up, and unless they're getting a federal refund, taxes are something most people don't look forward to. Some people have already filed their taxes, while others will wait until the last minute to do so. For those who are self-employed, dealing with taxes is an even bigger issue, since [...]