by Tyler Williams | Mar 17, 2020 | Tax Planning and Preparation
BUSINESS OWNERS looking to lower their tax burden can take advantage of several money-saving deductions. These include much-used deductions for vehicle expenses and home offices. It also contains relatively new qualified business income deduction that will allow some...
by Tyler Williams | Mar 8, 2016 | IRS Problem Resolution
Self-employed workers may have difficulty filing their taxes every year. These workers need to pay taxes on their income in addition to whatever self-employment taxes they might have. However, there are many self-employed tax tips that can help them reduce their tax...
by Tyler Williams | Nov 19, 2015 | Tax Planning and Preparation
Choosing a return preparer before the next tax season allows you more time to consider the appropriate options. Doing it early also gives you the chance to find and talk with prospective tax preparers rather than during tax season when they’re most busy. Furthermore,...
by Tyler Williams | Nov 10, 2015 | Tax Planning and Preparation
Got your year-end tax planning underway for December 31, 2015? WE UNDERSTAND that year-end can be a drudge because it means making sure your business accounts are up to date and in order. But don’t leave it until the last minute. No decision, or rushed decisions, can...
by Tyler Williams | Oct 20, 2015 | Tax Planning and Preparation
Generally, debt that is forgiven by a lender is considered taxable income by the IRS and must be included as income on your tax return. Examples include a debt for which you are personally liable such as mortgage debt, credit card debt, and sometimes, student loan...
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