inDinero Tax Tips

JUNE 24, 2023

Business tax deductions – three words that can cause stress and confusion for even the most seasoned entrepreneurs. It’s no wonder that tracking and claiming tax-deductible business expenses falls by the wayside. In general, the IRS has this to say: “To be deductible, a business expense must be both ordinary and necessary.

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xendoo

APRIL 8, 2022

Many small business owners miss out on tax savings simply because they aren’t aware of what tax deductions are available. As professional accountants, we know all the small business tax deductions that can save you money, and we’re sharing them in this tax deductions checklist. . What is a tax deduction?

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Snyder

NOVEMBER 3, 2022

Sales expenses which are made of salaries and wages of salespeople together with commissions, payroll taxes, and benefits. These may include transport expenses, accommodation fees, cost of meals, calls, and whatever is reasonably needed by a person on a business trip. Calculating and reporting SG&A expenses.

Non-Profits 52

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MyIRSRelief

MARCH 31, 2020

Along with those paramount health concerns, you may be wondering about some of the recent tax changes meant to help everyone coping with the Coronavirus fallout. An additional $500 additional payment will be sent to taxpayers for each qualifying child dependent under age 17 (using the qualification rules under the Child Tax Credit).

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MyIRSRelief

NOVEMBER 19, 2021

If you’re like most, then taxes are probably not your favorite thing in the world. In this article we will go over 10 different tax credits that you may be able to claim in order to reduce your taxable income, and therefore the amount of taxes you owe. A tax credit is something that reduces your taxable income.

Tax 100

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Going Concern

JULY 14, 2023

Offices and workplaces gradually becoming busier, EY study finds [ The Irish Times ] Offices and workplaces around the world are gradually becoming busier, leading to a noticeable increase in public transport usage, according to a study by EY.

North Carolina 98

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Steve Feinberg

OCTOBER 31, 2022

This isn’t because these businesses don’t understand how important bookkeeping is, but proper record keeping for budgeting, job costing, and tax filing takes time that a busy owner simply might not have. When you submit your tax returns, you’ll have to choose between an accrual basis and a cash basis. Track everything.

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TaxConnex

JANUARY 4, 2024

No year’s ever dull in sales tax, and the pace has only accelerated in the five years since the Supreme Court’s Wayfair decision. As we start the new year, here’s a look back at some significant sales tax events from 2023. This year, multiple states introduced new sales tax exemptions, too.

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Going Concern

AUGUST 25, 2023

News US Accounting Board Looks Across the Ocean to Fill Hole in Rules [ Bloomberg Tax ] The flood of government aid that helped keep companies afloat during the coronavirus pandemic exposed a hole in US accounting rules: Businesses have no way to record the grants, loans, and tax breaks that bolstered their bottom lines.

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PYMNTS

NOVEMBER 18, 2020

Taxes: Biden has also proposed rolling back some of the corporate tax cuts that had been a hallmark of the Trump administration, restoring the tax rate to 28 percent from the current 21 percent, and where the rate had been 35 percent before Trump’s own tax cuts in 2017.

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