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.
FraudFiles
MAY 2, 2022
If you have access to any bank, credit card, or investment accounts online, it’s advisable to go into the accounts and download all available statements and supporting documentation. Do it right away in case you lose access to that account later. Income tax returns. Bank account information.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
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. The good news is that this does not mean that business owners now owe additional taxes.
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. How do you file your GST/HST returns?
xendoo
DECEMBER 3, 2021
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. Employees need this information to file their personal tax returns. . Business owners are responsible for sending this form to the IRS. CPAs provide the Schedule K-1. Form 1009-K.
Cheap Accounting
AUGUST 31, 2023
Whatever the size or structure of your business dealing with your accounts and tax returns comes with the territory. Special rules do apply in the first year with the accounts being due 9 months after the date of registration of the company. It can all seem daunting and overwhelming at first. Can I claim for a laptop?
xendoo
AUGUST 24, 2021
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. While the Owner’s Draw is not subject to federal or state income tax, it is also not expense-able. Xendoo Online Bookkeeping is here to help!
Expert insights. Personalized for you.
52 
Let's personalize your content