- If You Are a Recreational Gambler, Here Are Some Tax Issues You Need to Know
- Gambling takes many forms: casino games, horse racing, sports book betting, lotto tickets, scratchers, bingo, etc. For virtually everyone, gambling is a recreational activity and, as such, is done for fun. For most gamblers, their losses for the year will exceed their winnings, and since losses in excess of winnings are not deductible, most gamblers don’t bother to report either, which isn’t in line with the tax law’s filing requirements
- 12 Common Tax Problems to Avoid
- No matter how hard you try, at some point, you may find yourself facing one or more of the tax issues cited here (or something entirely different that we haven’t included). If that happens to you, contact us immediately for expert professional help.
- Getting Started with Accounts in QuickBooks Online, Part 2
- We covered a lot of ground last month, but there are still some things to know about working with transactions you import from your banks.
- 10 Ways to Improve Profits in the Coming Year
- For most companies, increasing revenue and profit margins is a goal. Yet, there’s strong competition in most sectors. Here’s a look at ways you can boost your profit margins without having to invest heavily.
- Don't Overlook Tax Credits
- Tax credits are a tax benefit that offsets your actual tax liability, as opposed to a tax deduction, which reduces your income. Congress provides tax credits to individual taxpayers for a number of reasons, including as a form of assistance for lower-income taxpayers, to stimulate employment, and to stimulate certain investments, among other things.
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