- Small Business - The future of pass-through entities and taxes
- According to the Tax Foundation, 90% of United States (US)-based businesses are pass-through entities, such as S corporations, partnerships, and sole proprietorships. These businesses employ the majority of the private-sector workforce and provide nearly half of all business income. Income from these entities is passed through to the owner’s individual tax returns. With the change in leadership in Washington, several proposals will most likely change the way in which these entities are taxed, making it more advantageous to be a small business owner.
- Do I Have to File a Tax Return?
- This is a question many taxpayers ask during this time of year, and the question is far more complicated than people believe. To fully understand, we need to consider that there are times when individuals are REQUIRED to file a tax return, and then there are times when it is to individuals' BENEFIT to file a return even if they are not required to file.
- Tips to make filing of your 2016 tax return much easier.
- It’s Tax Time Again. Here are some video tips to make the task of preparing your return easier.
- Using Custom Fields and Classes in QuickBooks Online
- QBO’s tools are generic enough that myriad businesses can use it. But custom fields and classes help you shape it to meet your specific needs.
- Along with Tax Season Come the Scams; Don't Be a Victim
- One thing we can count on when tax season begins is the scammers coming out from under their rocks with schemes to try and trick you so they can steal your ID and file returns under your Social Security number (SSN). Or, they may even email or call you pretending to be IRS or state tax agents and attempt to intimidate you into sending them money to pay fabricated tax liabilities. These crooks take advantage of individuals' natural fear of the IRS and use it to coerce their marks into making payments without first verifying the validity of the liability.
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