by Accent452023 | Feb 19, 2019 | Business, Growing business
According to one recent study conducted by the Small Business Administration, there are approximately 28.8 million small businesses in the United States that are collectively responsible for about 99.7 percent of all economic activity in this country. In many ways,...
by Accent452023 | Feb 12, 2019 | Business, Lifestyle, Taxes
Renting an apartment, condo or house; leasing a piece of equipment; renting business property; leasing a car: all involve the common practice of renting something that is owned by someone else. To make sure you always have a good experience, here are some hints to...
by Accent452023 | Feb 7, 2019 | Business, Rental Property, Tax Reform
If you use independent contractors to perform services for your business or your rental that is a trade or business, for each individual whom you pay $600 or more for the year, you are required to issue the service provider and the IRS a Form 1099-MISC after the end...
by Accent452023 | Dec 19, 2018 | Business, Tax Central
The Internal Revenue Service (IRS) computes standard mileage rates for business, medical and moving each year, based on a number of factors, to determine the standard mileage rates for the following year. As it does annually around the end of the year, the IRS...
by Accent452023 | Dec 11, 2018 | Business, Tax Central, Tax Planning
Just a reminder that the last day you may make a tax-deductible purchase, pay a tax-deductible expense, take advantage of tax credits, or make tax-deductible charitable contributions for 2018 – is December 31. Every taxpayer’s situation is unique, and the...
by Accent452023 | Dec 6, 2018 | Business, Tax Planning
S corporation compensation requirements are often misunderstood and abused by owner-shareholders. An S corporation is a type of business structure in which the business does not pay income tax at the corporate level and instead distributes (passes through) the income,...
