Preparing for Tax Season: a Checklist for Small Business Owners
As a small business owner, tax season can be a daunting time of year. But with the right preparation, you can make the process smoother and less stressful. Here's a checklist to help you get organized and ready for tax season. 1. Gather your financial records. You'll...
Checklist: Everything You Need for a Successful Tax Day
Preparing for tax day can be a daunting task, but with the right checklist in place, you can be confident that you are fully prepared. Here is a comprehensive checklist to help you prepare for a successful tax day: 1. Gather all necessary documents: The first...
Can Your Home Mortgage Lower Your Tax Liability?
Homeownership can encompass some financial concerns for many people.The interest paid annually on a home mortgage may qualify as a tax deduction and reduce your taxliability at year-end. The largest tax deduction for homeowners is often their interest paymentson a...
Common Accounting Terms Everyone Should Know
It's important to have a basic understanding of these common accounting terms! Assets Anything that has monetary value and is owned by an individual or organization is considered an asset. Examples of assets include cash, stocks, and real estate....
End-of-Year Planning Guide for Taxes
As the end of the year approaches, it's important to start thinking about your taxes. Whether you're a business owner or an individual taxpayer, having a solid end-of-year planning guide for taxes can help you maximize your deductions and minimize your tax liability....
Make a Positive Impact Through Charitable Donations
Lower Your Tax Liabilities and Make a Positive Impact on the Community Through Charitable Donations By: Mary Bube What is Charitable Giving?Charitable giving is the donation of money or property to a qualified Tax-Exempt Organization while thedonor does not receive...