Essentially, the Form 990 is the IRS’s method of evaluation to make sure your nonprofit is financially honest and legitimate. However, that paperwork, number crunching, and other tedious tasks come with the territory of running an effective non... Read more
You can deduct the cost of the equipment you buy for your business. Let’s say you’re a professional photographer, you could deduct the cost of your cameras. Photographers should also consider having an account for their taxes. If you with... Read more
Most small business tax deductions are more complicated than this brief overview describes—it is the U.S. Tax Code, after all—but now you have a good introduction to the basics. Examples of tax-deductible startup costs include market research and tra... Read more
Basic economics suggests that as the price of a good goes up, the quantity demand for that good falls . Therefore, a higher interest rate would, all things equal, cause businesses to forego certain investments because it would raise the cost. Read more
When your retirement tax rate is higher than your tax rate throughout your working years, you benefit tax-wise with a Roth 401 plan. This is a friendly notice to tell you that you are now leaving the H&R Block website and. Read more
And just like working with Google Docs, you will be able to access your invoices anywhere you are, and on any device that has internet access. These free invoice templates has a polished, sophisticated look that will dazzle your clients almost. Read more
I feel like when I traded in games at GameStop in the past, I paid tax according to my total after trades, not before it. Even the store manager said “I’ve never actually noticed the tax is on the full amount”. Read more
A certified public accountant or bookkeeper can help you decide which method is best for your business. Every business has to choose between the cash or accrual accounting method, and once you make that choice, things tend to feel a bit. Read more
Companies that deliver goods and services and receive payment on different dates may also find that the single-entry system doesn’t suit their needs. The double-entry system is better at matching expenses related to producing a good or service ... Read more
Each of these caps could then be reduced annually by $2,000 and $1,000, respectively, eventually reaching zero. By 2032, while the SALT deduction would still technically be in the tax code, it would have effectively been removed altogether, which we ... Read more
