Accounting, Bookkeeping, & Tax Blog

The California sales tax system has city, county, and state components that make it incredibly complex, which further emphasizes the need for businesses [...]

Your tax strategy should aim to reduce your business's annual federal and state tax liability efficiently. Tax planning should save time and resources, [...]

If your small business has yet to embrace tax loopholes, you're not alone. Use this great blog to learn what to know about tax loopholes for your small [...]

Rental property management for a single vacation or short-term rental property can be a breeze when compared to the complexities of owning a portfolio o [...]

Partnerships, S corporations, estates, and trusts must attach IRS Schedule K-1s to their business tax returns. K-1 forms report each owner’s share of pa [...]

As a small business owner, you know how managing your finances while ensuring accuracy can be a daunting task. Embracing the correct accounting practice [...]

It's not uncommon for small business owners to initially handle payroll as a cost-cutting measure. However, many find that the time taken away from core [...]

Collecting rent for short- and long-term rentals is usually considered passive income for tax purposes. However, there are exceptions written initially [...]

You'll learn about income thresholds that may trigger the need to report your income, essential tax forms you'll need to prepare and file with the IRS, [...]