fbpx
  • (317) 846-1005
  • Mon - Fri: 9:00 - 5:00

Sherry S. Borshoff, EA

How to Be Self-Employed | 2020 Complete Tax Guide

If you are self-employed, you will probably need to file a tax return, pay self-employment and income tax on your annual tax return, and possibly even pay quarterly estimated taxes throughout the year. Paying taxes as a self-employed individual can get complicated, especially if you plan to take many deductions on your tax return. This …

How to Be Self-Employed | 2020 Complete Tax Guide Read More »

How to Make Capital Gains Taxes Work for You

How to Make Capital Gains Taxes Work for You

It’s important to understand what capital assets are, how to calculate capital gains and losses, and what this means for your taxes. Short-term capital gains and long-term capital gains are treated differently. The government encourages taxpayers to have long-term investments so if you own your capital assets for over a year, the tax rate only …

How to Make Capital Gains Taxes Work for You Read More »

The Best Communication and Organization Tools for Teams

The Best Communication and Organization Tools for Teams

Businesses rely on team communication and organization tools to keep their team members on the same page. However, not just any tool will work for a business.  Businesses must find the right tools for their teams to be successful. Once the right tools are in place, the remote workforce can have communication using real-time messaging, …

The Best Communication and Organization Tools for Teams Read More »

Gambling and Taxes What You Need to Know When You Win

Gambling and Taxes: What You Need to Know When You Win

In gambling, there are winners and losers, but even the winners will lose if they don’t pay taxes on their winnings. Yes, gambling winnings are completely taxable; you must report the gambling winnings on your tax return.  The winnings you receive from gambling or betting is considered by the IRS to be taxable income. This …

Gambling and Taxes: What You Need to Know When You Win Read More »

2020 Ultimate Side Hustle Guide: Everything You Need to Get Started

2020 Ultimate Side Hustle Guide: Everything You Need to Get Started

Did you know that millions of Americans have a side hustle today? If you haven’t started your side hustle yet, what are you waiting for? Are you afraid of failure? Not sure if you’d make any money? Can’t decide on which side hustle to try? If you are having trouble deciding, consider these statistics: 50% …

2020 Ultimate Side Hustle Guide: Everything You Need to Get Started Read More »

7 Things the IRS Doesn't Want You To Know cover

7 THINGS THE IRS DOESN'T WANT YOU TO KNOW

Download our guide to ensure you know everything you need to and are prepared to deal with the IRS.