Ronika Khanna CPA,CA

APRIL 5, 2024

The deadline to file tax returns is quickly approaching, resulting in various degrees anxiety for some taxpayers and accountants. The most effective starting point is to evaluate your tax situation and prepare a checklist of the documentation that you will need with respect to your specific tax situation.

Tax 52

Tax tax return Education accounting and finance 52

xendoo

JANUARY 31, 2022

In the past, although all business owners were required to report their earnings on their Federal Tax Returns , only those who received payments of $20,000 or more through payment apps also reported their earnings using Form 1099-K. Recently, that rule was changed and will affect a larger pool of business owners going forward.

Tax 105

Tax bookkeeping tax return business tax 105

xendoo

DECEMBER 3, 2021

Once January arrives, your accountant will request certain forms in order to close your books and file your small business taxes. Form W-2 is used by business owners to report salary information for their employees, as well as the taxes that are withheld from their paychecks. CPAs provide the Schedule K-1.

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bookkeeping Account accountant accounted 98

xendoo

AUGUST 24, 2021

Sole proprietorships are considered pass-through entities , meaning the IRS views your business, personal assets, and liabilities as one in the same. Because of this, you are only required to file a personal tax return. Income and expenses related to your business are accounted for on your individual Form 1040, Schedule C.

Tax 95

Tax bookkeeping tax return bookkeeping services 95

xendoo

MAY 16, 2023

Receipts businesses should keep What happens if you get audited and don’t have receipts What to do when you don’t have receipts How bookkeeping and tax services help Why do businesses need receipts? Receipts are records and proof of payment for the income and expenses your small business claims on tax returns.

audit 52

audit bookkeeping tax return cpas 52

xendoo

MAY 16, 2023

Receipts businesses should keep What happens if you get audited and don’t have receipts What to do when you don’t have receipts How bookkeeping and tax services help Why do businesses need receipts? Receipts are records and proof of payment for the income and expenses your small business claims on tax returns.

audit 52

audit bookkeeping tax return cpas 52

Ronika Khanna CPA,CA

JANUARY 13, 2023

For those of you who are starting a new business, it is essential to know your tax obligations. Every business owner must report their net profits on a either their personal tax return if they are unincorporated or a corporation tax return if they are incorporated.

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tax return income tax Tax Sales 52