Published July 24, 2023 Table of Contents Business Expenses Recap In our previous post, we discussed tax obligations for home-based businesses, including registration, reporting, record-keeping, and timely tax filings. We emphasized the need for licenses and registrations, as well as maintaining proper financial records. Today, we explored the home office deduction, eligibility criteria, calculation methods, […]
Category: Blog
Top 10 Bookkeeping Software Solutions for 2023
Published July 22, 2023 – Are you a business owner looking for the perfect bookkeeping software to manage your finances more efficiently? Well, you’re in luck! In this article, we’ll explore the top 10 bookkeeping software solutions for 2023 that can help streamline your accounting processes and save you valuable time. So, grab a cup […]
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Top 10 Bookkeeping Software Solutions for 2023
Navigating Murky Waters: Tax Challenges for Home-Based Businesses | Part Three
Published July 21, 2023 – In our previous post, we discussed tax obligations for home-based businesses and covered registration, reporting, record-keeping, and the importance of timely tax filings. We emphasized the need for licenses and registrations, such as business licenses, professional licenses, sales tax permits, home occupation permits, health and safety permits, and trademark or […]
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Navigating Murky Waters: Tax Challenges for Home-Based Businesses | Part Three
5 Steps to Reduce Overhead Expenses: Strategies for Cost Efficiency
Published July 20, 2023 – In today’s competitive business landscape, reducing overhead expenses is essential for sustainable growth and increased profitability. High overhead costs can eat into your profits, hinder expansion plans, and jeopardize the overall financial health of your organization. Introduction Knowing the right strategies and cost-saving measures, you can optimize your operations and […]
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5 Steps to Reduce Overhead Expenses: Strategies for Cost Efficiency
Get Ahead with IRS.gov: A Must for Extension Filers this Summer
Published July 20, 2023 – Every year millions of taxpayers postpone filing their tax returns by requesting an extension. While taxes may not be the first thing to come to mind in the summertime, it is an ideal time to start tax planning. IRS.gov is the fastest and most convenient way to get tax-related information […]
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Get Ahead with IRS.gov: A Must for Extension Filers this Summer
Navigating Murky Waters: Tax Challenges for Home-Based Businesses | Part Two
Published July 20, 2023 – In our last post, we defined what a home business looks like and the criteria to file as such during taxes. We also looked at the difference between a brick-and-mortar versus a home-based business. Lastly, we navigated common types of home-based businesses and tax policies for different legal filings. Looking […]