Money Guide: Taxes

3 Key Eligibility Requirements for Offer in Compromise

3 Key Eligibility Requirements for Offer in CompromiseSource: Tax debt can be a big financial burden on you, especially if the tax bill is unfair or you are not able to pay your entire tax bill due to financial hardships. In this case, the IRS can help you by minimizing this tax debt amount that lets you pay less than you owe the government. As suggested by accounting experts, this can be beneficial both for commercial as well as... ❯❯❯

Cloud Accountants Act as Your Very Own Accounting Professionals

Cloud Accountants Act as Your Very Own Accounting ProfessionalsWhat Is Cloud Accounting? Let us begin by breaking this up. Cloud or Cloud Computing is an umbrella term that refers to the ability to use a computer in any location i.e. in the cloud, as long as there is internet connection. It’s almost like saying it’s a ‘space in the clouds’ where you can work…like a hypothetical office server in space. Not one specific person or company owns it, and it is... ❯❯❯

Overlooked Tax Deductions for Small-Business Owners

Overlooked Tax Deductions for Small-Business OwnersHelpful Tips for Tax Time. Being a small-business owner isn’t easy. After all, balancing payroll, managing employees, drawing up marketing plans, and handling the bookkeeping can be stressful! Luckily, the Internal Revenue Service (I.R.S.) allows small-business owners to take some surprising deductions, which may help come tax time. Read on to learn more. Remember, the information in this... ❯❯❯

A Good Business Accountant: 6 Month End Tips

Just as you perform the daily and weekly accounting functions for your business, you also need to cope up with the monthly or end of month accounting functions in order to keep your accounting system (and your business) in good shape and well-organized. Here are 6 things you need to do at the end of each month. Balancing the checkbook is the same way you reconcile your personal checking... ❯❯❯

How to Donate Your Boat to Charity for a Tax Deduction

How to Donate Your Boat to Charity for a Tax DeductionDonating to charity is a great way to help out those in need. Charities are created for the purpose of raising awareness about a specific cause, giving people a chance to donate their time, money, and property in order to help those affected. There are hundreds of charities people can donate to, including charities promoting awareness about specific diseases, awareness about people affected by... ❯❯❯

Top 5 Last Minute Tips for Maximizing Your Tax Deductions

For those businesses that filed an extension to file taxes, you have about another week left to file. For some this could be no big deal – you already have all your receipts laid out, expenses quantified and your accountant is ready to go. However, for some businesses, it is time to really start cracking the whip. If you are stressing out about not getting everything in on time, never fear,... ❯❯❯

Are You Overlooking These Tax Write-Offs?

Reducing your taxes is a top priority for most people who want to ensure they pay as little as possible or get back as big of a refund as they can. One way to reduce your tax liability is to look for write-offs so you can get all of the different deductions and credits that you are eligible for.  Unfortunately, some common deductions get missed every year by tax filers.  This is why it is so... ❯❯❯

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