Little Known GAAP Facts: Uncovering the Nuances of Generally Accepted Accounting Principles
If you own a business, you’re likely familiar with GAAP in a broad sense. Officially called the Generally Accepted Accounting Principles, GAAP aims to ensure consistency, comparability, and transparency in […]
Pros and Cons of Filing Your Taxes Early
Most Americans receive tax refunds every year, yet tax season is still a time of dread. Many filers wait until the last minute. There’s nothing inherently wrong with this strategy, […]
7 Benefits of Working with a CPA
In a world ruled by ever-evolving tax regulations, individuals and businesses alike face a daunting challenge: managing their finances effectively. The work requires time, attention to detail, and knowledge of […]
What Is the Difference Between Employees and Contractors?
Introduction Business is thriving, and you’re ready to hire more help. Should you find a new employee or look for a contractor? The answer is complex and has large financial […]
What Small Business Owners Need to Know About 1099s
If you work with independent contractors, knowing when, why, and how to issue a 1099 is an integral part of your business. Forgetting or mishandling this crucial step will eventually […]
What to Do If You’re Audited by the IRS
The IRS has sent you a letter- and it’s not great. You’re being audited. For many Americans, the idea of an audit is terrifying. Will you have to pay heavy […]
Maximizing Tax Deductions for Freelancers and Independent Contractors
Being your own boss is incredibly rewarding. You can choose your schedule and work on your own terms. However, the tax implications of being self-employed can seem daunting. A simple […]
How to Manage Your WSOP 2023 Winnings
The 2023 World Series Of Poker (WSOP) attracted a record number of players. The Main Event amassed a whopping $93.3 million prize pool, the largest prize pool in live tournament […]
Employee Retention Credits for Businesses
I wanted to reach out and make sure you have access to this information. The Employee Retention Credits for Businesses Program provides companies with up to $5,000 per employee for […]
Casino Winnings
Every year, lucky gamblers strike gold in Las Vegas. Whether you hit a slots jackpot or win a fortune playing table games, winning big can be electrifying. However, as every […]
The Top 5 Tax Deductions Every Business Owner Should Know About
Business owners can take advantage of a range of deductions to minimize their tax burden. Knowing what these deductions are keeps you informed and reduces your tax liability. Here are […]
Missed the Deadline? Here’s What to Do About Your 2022 Taxes
If you missed the deadline to file your 2022 tax return, you may wonder what will happen next. Is the IRS going to contact you? Will you have to pay […]
