Accounting, Bookkeeping & Tax Blog

Your small business resource for accounting, bookkeeping, and taxes from our experts.
rideshare-driver-tax-guide

Complete Guide to Handling Taxes for Rideshare Drivers

As a rideshare driver, you are considered self-employed and treated as a business by the IRS. However, this may change if local or state laws require Uber or Lyft to employ drivers directly.   Tax obligations can be incredibly complicated for Uber and Lyft drivers. You don’t have an employer handling many tax compliance concerns for […]

veterinarian-sales-tax

Sales Tax: Do Veterinarians Need to Pay It?

Veterinarians offer products and services that save lives. One of the things a veterinarian may least expect is paying sales tax for products or services. As a veterinarian, it’s essential to know how to pay sales tax and when to pay it. Here is what you should know about sales tax if you’re a veterinarian. […]

rental-income-taxes

Real Estate: How Rental Income is Taxed

Rental income is one of the most important parts of real estate. Many landlords may not realize that there are several ways to make rental income beyond collecting rent checks. Rental income comprises more than just direct income from tenants. Here’s what you should know about the different types of rental income and how it […]

biden-tax-plan

Understanding President-Elect Biden’s Tax Plan

Joe Biden’s tax plan will inevitably go through some changes in its path through the legislative process until it actually takes effect. Still, we can get a sense of Biden’s priorities by imagining what the tax plan would look like according to the tax policy proposals the Biden-Harris campaign has released.   Biden’s tax plan affects […]

10-ways-to-deduct-business-expenses-as-a-freelancer

10 Common Tax Deductions For Freelancers

Working as a freelancer brings both extra opportunities and extra challenges. It’s appealing for many because you can be independent. You’re a small business owner with the freedom to decide what to do on your own. You don’t have to worry about any other shareholders or employees.  For most freelancers being your own boss and […]

10-often-overlooked-business-deductions

10 Often Overlooked Business Deductions

Tax season can be stressful for everyone, but it’s especially challenging for business owners right now. If you run a small business, you’re probably already struggling to balance multiple priorities. Worrying about your business, working from home – especially if you have children – keeping in touch with family and friends, and staying up to […]

state-income-tax-filing-deadline-july-15th

Is Your State Income Tax Filing Deadline July 15th?

As the crisis around the novel coronavirus upturns everyday life across the United States, the federal government has responded. In addition to the ongoing stream of economic relief packages like the CARES Act, IRS is delaying the regular April 15th income tax deadline for another three months.  The filing and payment deadline has been extended […]

cares-act-whats-new-coronavirus-legislation

CARES Act: What’s in the New Coronavirus Legislation?

After days of tense Congressional debate, several alternative versions, and a contested vote over a previous package, Congress has agreed on and passed an enormous new emergency economic relief bill. The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on Friday, March 27. The bill includes over two trillion dollars in […]