May 30, 2020 | Accounting, General IRS Information, General Tax Information, Income Taxes
The Internal Revenue Service announced today that later this summer taxpayers will for the first time be able to file their Form 1040-X, Amended U.S Individual Income Tax Return, electronically using available tax software products. Making the 1040-X an electronically...
Apr 21, 2020 | Accounting, General IRS Information, General Tax Information, Income Taxes
It is important as a business owner you properly determine whether the individuals providing your services are employees or independent contractors. I am an independent contractor or in business for myselfIf you are a business owner or contractor who provides services...
Mar 26, 2020 | Accounting
SOC 2 is an auditing procedure ensuring that organizations securely manage data to protect the company and the privacy of its clients. Its goal is to make certain that controls are in place to assure security and confidentiality of customer information. For...
Mar 25, 2020 | Accounting, General Tax Information, Income Taxes, International
Under the Eligibility Test, if you have both owned and lived in your home for at least two of the last five years, then you are eligible to exclude a gain of up to $250,000 ($500,000 for married taxpayers) from tax If you don’t meet the Eligibility Test, you may...
Oct 23, 2018 | Accounting, Business Advice, Business Tax, CFO Services
For all of the excitement, opportunity and money surrounding the emerging national and international cannabis markets in 2018, there could not be a more confusing accounting and tax environment for starting a new business. The continued prohibition at the federal...
Mar 6, 2018 | Accounting, Business Advice
If you are managing your own bookkeeping through the use of Quickbooks Online (or any comparable accounting software) there are built in functions that make “audit-proofing” your records easy and comprehensive. When entering expenses, either through the bank feeds or...
