Taxes
Read up on personal and business taxes along with how you can take advantage of little-known tips for tax savings.
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Collecting Sales Tax with a Certificate of Authority
Whether you're setting up shop at the farmers market or the grand opening of a retail store, collecting sales tax is an important part of running your business. Today we're going to look collecting sales tax with a Certificate of Authority.
· 4 min read
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Are COVID-19 Business Disaster Losses Tax Deductible?
While taxes aren't the first thing you want to think about when faced with disaster, taking account of your losses and claiming whatever deduction you can is an essential part of recovery.
· 3 min read
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Big Tax Breaks for Small Businesses
Reduce your tax obligation by taking advantage of the many small business tax breaks now available because of tax code changes.
· 4 min read
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What Is a 1031 Exchange Form? How to Defer Taxes on Like-Kind Real Estate
If you own business or investment real estate, a Section 1031 like kind exchange can provide you with the opportunity to upgrade into a larger or more expensive property while deferring capital gains tax on the sale of your original property.
· 3 min read
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Sum of the Years Digits: A Depreciation Guide
How do you calculate the sum of the years' digits method of depreciation? What are the pros and cons of sum of the years' digits versus straight line depreciation. Find out if sum of the years' digits is right for your business.
· 3 min read
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Claiming the Per Diem Deduction: Best Practices for Your Business
Tracking, documenting, and reimbursing employees for their business travel expenses can be a pain. One way to simplify the process is by setting per diem rates.
· 3 min read
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Green Energy Credits for Business
If your business invests in solar energy property, fuel cells, small wind turbines, you may qualify for federal renewable energy tax credits. Similarly, credits are available for business vehicles that use electricity or an alternative fuel source.
· 3 min read
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How Do I Reach IRS Customer Service?
Getting help from the IR can be challenging. If you have questions and need clarifications that can't wait, here are a number of ways to reach IRS customer service.
· 3 min read
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How Your Business Can Claim the Solar Tax Credit
Saving money on energy can also mean saving money on your tax bill.
· 3 min read
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How to Pay Estimated Tax Payments Online
Filing and paying estimated tax payments by quarterly deadlines can save you from expensive penalties at year-end.
· 2 min read
