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tax filing for online sales

Do you do any selling online? Did you know that selling things online can count as a business and that you could be losing money if you don't prepare your taxes just right? Online sales have helped my family get through a very difficult year. Then, when I found out what I was going to have to pay in taxes for the income that I earned through those online sales, I about had a heart attack. After doing some digging, I decided to skip filing my taxes myself and took them to a professional for help. Find out what an accountant uncovered for me and how it helped put my money back in my pocket.

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Organize Your Finances And Eliminate Errors Pertaining To Bookkeeping

26 April 2018
 Categories: , Blog

If your carelessness with calculating how much your small business earned last year resulted in you filing your taxes incorrectly and being audited by the Internal Revenue Service, you may be deeply disappointed to learn that you owe back taxes that will cut into the profit that you earn this year. Get your finances back on track and avoid costly mistakes by using the following financial tips.  Organize Paperwork With The Assistance Of An Accountant Read More …

What’s The Deal With Payroll Debit Cards?

10 November 2017
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Payroll debit cards came on the scene a few years ago, and since then they have generated more than a little animosity. They seem very convenient, but they do have issues. The cards can be a welcome addition to your range of pay options if you handle them properly. But that's the key -- you have to roll out the program in the right circumstances so that your employees do not feel pressured to use them and do not assume something's wrong. Read More …

Hobby Or Side Business? How It Affects Your Taxes

28 February 2017
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If you have a personal hobby you enjoy, you may be like many Americans who consider turning a passion into a small side business. But, there are some financial aspects to the decision that you should understand before starting a new venture. Here's a quick guide to how your hobby becomes a business and what it means for your tax bill. Hobby or Business? For most taxpayers, hobby expenses (such as supplies or travel to hobby gatherings) are not deductible on their income taxes. Read More …

Use Your Smartphone To Make Your End-Of-Year Tax Preparation Easier

20 December 2016
 Categories: , Blog

There are now three things that are certain in the world: death, taxes, and smartphones. Most people today have a smartphone device that is constantly on them -- so why not leverage that technology to make end-of-year tax preparation easier? The ease of your tax preparation will always depend on how timely and accurate your records are. An always on device that is always with you can help. Automatically Record Your Receipts Read More …

Safeguarding a Tax Return with an Identity-Theft PIN

11 November 2016
 Categories: , Blog

The problem of identity theft affects a broad array of financial services, including the filing of income tax returns. Tax filers who have been issued an identity-theft PIN by the IRS must generally include the number on their personal income tax return. Individuals who have had their tax returns targeted by identity thieves may receive a CP01A Notice from the IRS. The mailed letter includes a personal identification number that you must use on your income tax return for the upcoming year. Read More …