by John Reddall | Jun 28, 2024 | Tax
An important strategy for small business owners is identifying and using any suitable tax write-offs. The main advantage to write-offs is legally reducing your company’s and, if you are self-employed, your personal tax liability. What Tax Write-offs Do Smart Small...
by John Reddall | Jun 20, 2024 | Tax
Everyone’s excited to get a tax refund after filing their returns during the April tax season. But what about small businesses? Do refunds apply to them? We will discuss how tax refunds work for small businesses, how the IRS generates refunds, and why a refund for any...
by John Reddall | May 16, 2024 | Tax
You can change a personal tax return if there is a benefit to do so. Many taxpayers believe this could raise unintentional red flags with the Internal Revenue Service (IRS). However, here we will discuss how to amend a tax return and avoid penalties. Reasons to Amend...
by John Reddall | Apr 5, 2024 | Tax
If you own a new small business, you probably have a lot on your mind. Questions like: Is there enough money in the bank? Will there be plenty of customers? And so on. One of the most critical items for a small business owner to address, especially a new one, is...
by John Reddall | Jan 2, 2024 | Tax
Clients often ask what vehicle expenses are tax deductible. While this may seem a somewhat complicated aspect of business ownership, this article aims to help clarify the process. If you have already met the requirements for deducting your vehicle for your business,...
by John Reddall | Jan 6, 2023 | Tax
If you deduct your vehicle mileage for business purposes, you will want to be aware of new standards going into effect. The IRS released new standard mileage deduction rates for 2023. If you have already met the requirements for deducting your vehicle for your...
