Small Business: Rent Expenses May Be Tax-deductible
If you’re a small business owner just starting out, you may not realize that some rent expenses may be deductible on your tax return. Here are some things small business owners should keep in mind when it comes to deducting rental expenses: How Rent is Defined Rent is any amount paid for the use of […]
The Employee Business Expense Deduction
Before tax reform, an employee could deduct unreimbursed job expenses and other miscellaneous expenses that were more than two percent of adjusted gross income (AGI) as long as they itemized instead of taking the standard deduction. Starting in 2018, however, most taxpayers can no longer claim unreimbursed employee expenses as miscellaneous itemized deductions unless they […]
QuickBooks for a More Productive and Prosperous 2023
With the new year well underway, it is time to assess where you are with your finances and consider where you’d like to be. If you’ve been able to use the guidance offered last month, your accounts receivable and payable should be up to date. As you may have discovered, running related reports in QuickBooks […]
Do You Need To File a 2022 Tax Return?
Most people file a tax return because they have to, but even if you don’t, you might be eligible for a tax refund and not know it. The tax tips below should help determine whether you must file a tax return this year. General Filing Rules Whether you need to file a tax return depends […]
Tax Due Dates for
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