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What is an Enrolled Agent? Help with the IRS
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 …
How Can a Bookkeeper Help Your Business?
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 …
How to Create a Mileage Log (Your Step-by-Step Guide)
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 …
Pension Income and Taxes | How to Correctly Report It
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 …
What is the Modified Adjusted Gross Income (MAGI)?
The Internal Revenue Service (IRS) uses the Modified Adjusted Gross Income (MAGI) as a measure to determine whether a taxpayer qualifies for certain contributions or …
10 Ways to Help Your Business Survive a Recession
An economic recession is a notable decline in the economy, which lasts for some time and affects the Gross Domestic Product (GDP), industrial production, real …
Gain The Best Competitive Strategies In Your Business
Standing out in a crowded market is the goal of every growing business in competitive industries. Yet, a competitive edge doesn’t happen overnight. Developing competitive …
What is the American Rescue Plan? | What to Know
The health and economic crisis has negatively affected the well-being of millions of Americans. Most importantly, low-wage workers, certain minority groups, and immigrants are going …
How to Create and Manage a Gambling Diary
It is essential to know how to create and manage a gambling diary. You can encounter many issues with the IRS in the event of …
Advance Child Tax Credit | What You Need to Know
On July 15th, 2021, the IRS began sending out the first round of Advance Child Tax Credit (ACTC) payments. These payments were designed as a …
Which Gifts are Considered Taxable Income?
It is essential to know which gifts are taxable income, as the IRS can impose steep penalties for misreporting income.
Payroll Tax | What You Need to Know
A payroll tax is a tax an employer deducts from the paychecks of his or her employees to pay to the IRS on the employee’s …