Introduction Legal fees can be expensive, but some may be tax-deductible if they meet IRS guidelines. The Tax Cuts and Jobs Act (TCJA) of 2017 eliminated most personal legal...
Introduction Small business owners and self-employed individuals often use their vehicles for work-related purposes. The IRS allows deductions for business-related car expenses, but specific rules apply. You can choose...
Introduction Business travel can be a significant expense, but the IRS allows deductions for ordinary and necessary travel costs related to your work. Whether you’re a self-employed professional, freelancer,...
Introduction Many taxpayers miss out on valuable deductions simply because they don’t know they exist. The IRS tax code allows for several deductions that can reduce taxable income, but...
Introduction Year-end financial statements provide a summary of a company’s financial position and performance for the fiscal year. These reports are essential for tax filing, business valuation, investor reporting,...
Filing Taxes for the First Time? Here’s What You Need to Know If you’re filing taxes for the first time, you might be feeling a mix of emotions—confusion, stress,...
Oops! Made a Mistake on Your Tax Return? Here’s What to Do You’ve finally filed your taxes, breathed a sigh of relief, and then—uh-oh—you realize you made a mistake....
Filing Taxes Online? Here’s What You Need to Know Let’s be real—nobody enjoys tax season. The stress of gathering documents, ensuring accuracy, and worrying about potential mistakes can make...
Filing Taxes Doesn’t Have to Be Overwhelming Tax season rolls around every year, yet somehow, it always manages to catch people off guard. Between gathering documents, figuring out deductions,...
The end of the year is creeping up fast, and while you’re busy planning holiday gatherings and gift lists, don’t forget about something equally important—your taxes! Year-end compliance is...