Tax Blog
Late Filing Taxes? Here’s What You Need to Do
How much should I deduct? Can I avoid all taxes by showing a business loss?
Yes – but beware the IRS hobby rule. And of course, you could always be audited, so it’s best to stick to the facts.
Demystifying entertainment and party deductions
Wait a sec. I can’t deduct entertainment anymore?
What if that’s my whole business?
How to keep good records for the IRS
But I’m not an accountant! What counts as “good recordkeeping” for the IRS? Read on to find out what’s required.
How Much Should I Deduct?
How much should I deduct? Can I avoid all taxes by showing a business loss?
Yes – but beware the IRS hobby rule. And of course, you could always be audited, so it’s best to stick to the facts.
What to do if Your Records are Incomplete
Help! It’s almost tax filing time, and your records are, well, incomplete.
What if you forgot to save your info?
Don’t worry, you’re not totally out of luck. Read on to find out how to save yourself on tax day.
How to Report Self-Employed Business Income and Expenses
New to tracking your solo business finances? Start here.