7 Proven Hacks to Boost Your Productivity
As a bookkeeping company, we understand the importance of productivity. Here are 7 Proven Hacks to Increase Your Productivity: ✔ Set achievable goals and prioritize your tasks based on their importance and urgency. Plan to do the task that you don't really want to do...
Bills You Should Never Put on Autopay
Using autopay for some of your bills is a great way to save time, but there are certain expenses that should never be set up for automatic payments. These include cellphone bills, utilities, gym memberships, and cable or satellite services. For these bills, it’s best...
What Should You Do if You’re Missing Important Tax Documents?
As the April 18th tax deadline quickly approaches, last-minute tax filers should make sure they have all their documents before filing a tax return. You should have received a Form W-2, Wage and Tax Statement, from each of your employers for use in preparing your...
Are You Employed in the Family Business – Check Out These Tax Implications…
When a family member employs someone, the tax implications depend on the relationship and the type of business. Taxpayers and employers need to understand their tax situation. Here is what to know: Married People in Business Together Generally, a qualified joint venture whose only members are a...
ARE YOU CARING FOR A DISABLED FAMILY MEMBER?
Article Highlights: Caring for Disabled Family Members Qualified Medicaid Waiver Payments Exclusion Qualifications Mandatory Exclusion Earned Income Earned Income Tax Credit Tax Court Ruling Many taxpayers prefer to care for ill or disabled family members in their homes as opposed to placing them in nursing homes, but doing this can be expensive, time-consuming,...
DO YOU KNOW THE MARCH 2023 BUSINESS DUE DATES?
March 1 - Farmers and Fishermen File your 2022 income tax return (Form 1040 or 1040-SR) and pay any tax due. However, you have until April 18 to file if you paid your 2022 estimated tax by January 17, 2023. March 15 - Partnerships File a 2022 calendar...
Small Business Owners Improve Your Credit Fast
If you're a small business owner looking to improve your credit, there are several strategies you can employ to do so. First, make sure to pay your bills on time. Late payments can bring down your credit score, so do your best to stay on...
HERE’S WHAT TO DO IF YOU HAVEN’T FILED TAX RETURNS IN YEARS
HERE'S WHAT TO DO IF YOU HAVEN'T FILED TAX RETURNS IN YEARS: You'd be hard-pressed to find someone who actually enjoys the process of filing taxes. Having said that, it's absolutely something that you're supposed to do like clockwork every single year. Of course, there are a...
Startup Cashflow Tips for a Recession: Breaking Things Down
By far, the most important cashflow tip that you can use to stay afloat during a recession involves keeping a watchful eye on any and all spending. This means not just understanding where money is going, but also what you're getting in return. Any seasoned entrepreneur...
GET YOUR HOME ENERGY IMPROVEMENT CREDIT NOW
Article Highlights: Credit History Credit Percentage and Annual Credit Limit Per Item Credit Limit Home Energy Audit Identification Number Requirement Other Credit Issues Tip To Maximize The Credit This credit goes all the way back to 2006, providing a tax credit for making energy-saving improvements to a taxpayer’s home. This tax benefit was...