If you live in Indiana, you’re likely familiar with the general taxation system. That is, if you earn money, you probably owe taxes on it. The money you make from your investments is no exception. With investments, as with other income sources, the rules for paying taxes are specific and varied, depending mainly on the […]
Investment Income Taxes | What You Need to Know Read More »
It is expected that business will boom for many companies after the pandemic has ended. As businesses grow, so will the need for new talent. A talent shortage is expected, as many companies will be looking to aim for the same thing – to hire and keep great employees in a highly competitive market. There’s
Top 11 Ways to Manage a Talent Shortage Read More »
Going through a natural disaster is never a good thing, but you might be able to deduct the casualty, theft, and disaster losses you incurred on your annual tax return. To claim the deduction, you must meet certain requirements and follow specific rules as per the IRS. Since the process can get confusing, it’s recommended
Casualty, Theft, & Disaster Loss | What Can You Deduct? Read More »
There is no doubt about it; coping with the death of a loved one can be hard. Unfortunately, your emotional suffering may not be the only thing that you have to cope with; financial hardship is usually right around the corner, especially if the deceased did not plan accordingly. It is important that you get
Coping with Death of a Loved One | 5 Financial Tips Read More »
Retirement planning can be frustrating, scary, and overwhelming. That’s why it’s crucial that you are aware of the best retirement savings tips when planning, investing, and saving for retirement. You want the greatest results when you decide to retire! Some of the key things you should be doing at any age include retirement planning, investing
Top 10 Retirement Savings Tips You Should Know Read More »
Are you worried about identity protection? The IRS IP PIN may be the solution you are looking for! Identity thieves are out there, unfortunately, so it’s important to get an IP PIN to stop identity thieves from stealing your personal information. You may be wondering, “How can I get my IP PIN from the IRS?”
Get an IP PIN to Help Stop Identity Thieves Read More »
In basic terms, an enrolled agent is a very specialized financial advisor who can help with tax issues and is credentialed by the IRS. If you understand what bookkeepers do and how they can help your business, you are already familiar with what a tax advisor can help you with. Enrolled agents are further qualified
What is an Enrolled Agent? Help with the IRS Read More »
As a small business owner, you might ask this common question, “Why do I need a bookkeeper?” The financial aspect of operating a business can be tricky compared to other areas. Sometimes, you have to consult a professional. Accountants will help you keep your books in order, but bookkeepers play a vital role in the
How Can a Bookkeeper Help Your Business? Read More »
Fleet management is accompanied by lots of paperwork and may involve Hours of Service (HOS), CDL (Commercial Driving License) licenses, inspections, training, mileage, etc. Due to compliance regulations, these things are mandatory. Knowing how to create a mileage log can be very beneficial to you. When making calculations for your CSA (Compliance, Safety, Accountability) scores,
How to Create a Mileage Log (Your Step-by-Step Guide) Read More »
If you receive a pension as part of your yearly income, it is essential to know how to report those earnings to the IRS and pay taxes on them. If you forget or neglect to do this, you could land in some trouble with the IRS, leading to fines and other possible penalties. These types
Pension Income and Taxes | How to Correctly Report It Read More »
Subscribe to our newsletter to receive news, updates, and valuable tips.
Copyright © 2024 Borshoff Consulting | All rights reserved | Tax Consultant in Carmel, IN
Download our guide to ensure you know everything you need to and are prepared to deal with the IRS.