Accounting, Bookkeeping, & Tax Blog

If your nonprofit organization is looking to be exempt from federal taxes, you must fill out Form 1023. Just a warning, it’s a long, laborious process to c [...]

If you own a small business, you know that every dollar counts. When it comes to tax time, you want to make sure you take all the tax deductions you’re ent [...]

Prior to the 2018 tax year, when you filed your personal income tax return with the IRS, you had a choice of three basic tax forms to select from: Form 104 [...]

U.S. taxpayers use Form 1040 to file their annual income tax returns. Before 2018, there were 3 versions: 1040, 1040-EZ, and 1040-A. However, the IRS [...]

Owning a business has a major impact on how your taxes manifest each year, so it’s important the Internal Revenue Service is aware of any changes in your c [...]

What is Self-Employment Tax? If you work for yourself, you’re required to pay a self-employment tax, which comprises Social Security and Medicare taxes. Wh [...]

If you’re a small business owner, you may want to review your business tax situation well before December 31 to determine what strategies you can implement [...]

Do you serve up hot subs, fresh salads, and sweet treats around town in your decked-out food truck? If so, you’re part of the rapidly growing mobile cuisin [...]

There are several electronic devices like computers, tablets, and smartphones you can deduct as a small business owner. Look around your house, your office [...]