Should you pay taxes on your gross income or net income? This article explains the differences and highlights the importance of meticulous bookkeeping to stay on the right side of tax regulations.
Many self-employed professionals believe they can automatically deduct all expenses from their vacation as business travel. However, the reality is different. This article aims to demystify the misconceptions surrounding deducting vacation expenses and provide clarity on the IRS guidelines.
As a self-employed business owner your tax obligations fall directly on you. Being familiar with the taxes you may owe allows you to be prepared throughout the year. You are the party responsible for all taxes due. Are you prepared?
When you wait until tax time to think about your taxes, you’re too late.
Other than a retirement contribution, there is not much hope in reducing your taxes at tax time.
As a business consultant to small businesses, I’ve had to question whether an individual doing work for a company is
“The IRS called me today and told me that I owe them money and I need to pay them TODAY!!