The Tax Cuts and Jobs Act of 2018 and other tax reforms have brought about significant changes in the way that vehicle use is deducted for business purposes. Before getting into these changes, it is appropriate to first provide a review of the…
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If you have a second home in a resort area, or if you have been considering acquiring a second home or vacation home, you may have questions about how rental income is taxed for a part-time vacation-home rental.
The applicable rental rules…
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Taxpayers are required to pre-pay their taxes for any tax year through payroll withholding, estimated tax payments or a combination of the two. Employees and retirees generally accomplish this through withholding, and self-employed individuals…
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A new year is nothing if not a new opportunity – and one that it would be an absolute shame not to take full advantage of. Every January, people make countless New Year’s resolutions. Some want to lose weight; others want to become more…
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Entrepreneurs often shrug off the idea of obtaining an employer identification number, or EIN, believing that their small business really doesn’t need one. Though there are some cases where a solo business can get away with merely utilizing…
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As they do at the beginning of every year, employers will be requesting employees to complete the IRS Form W-4. Its purpose is to provide employers with the information they need to determine the amount of federal income taxes to withhold from…
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With the advent of online sites such as Airbnb, VRBO, and HomeAway, many individuals have taken to renting out their first or second home through these online rental sites, which match property owners with prospective renters. If you are doing…
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Tax time is just around the corner, and if you are like most taxpayers, you are finding yourself with the ominous chore of pulling together the records for your tax appointment.
The difficultly of this task depends upon how well you maintained…
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‘Tis the season for making resolutions and setting goals. Try exploring these three areas to dig deeper into QuickBooks Online.
By now, many New Year’s resolutions have already been made – and broken. Though they’re usually created…
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Welcome to 2019 and a delayed provision of the tax reform, also known as the Tax Cuts and Jobs Act (TCJA). For divorce agreements entered into after December 31, 2018, or pre-existing agreements that are modified after that date to expressly…
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Increased Business-Vehicle Deductions Due to Tax Reform
BusinessVacation Home Rentals: How the Income Is Taxed
Real EstateIRS Giving a Break to Some Taxpayers Who Under-prepaid Their 2018 Taxes
2018 Tax Laws, TaxesHere's How to Use 2019 as a Chance to Save More Money Than Ever in the Long Run
Retirement, SavingsReasons Why Your Small Business Needs an Employee Identification Number
Business, Business DevelopmentGetting the W-4 Right Is Important
Business, TaxesShort-Term Rental, Special Treatment
2018 Tax Laws, Real Estate, Small Business, TaxesTax Time Is Around the Corner! Are You Ready?
2018 Tax Laws, Tax Tips, TaxesResolve to Do These 3 Things in QuickBooks Online This Month
Accounting, Business, QuickbooksBig Tax Changes for Divorce Decrees after 2018
Taxes