Janet Berry-Johnson
CPA
More From This Author
Tips for work from home tax deductions
Working from home comes with various benefits, such as no commute and a casual dress code. It can also offer potentially valuable tax deductions for…
What is an income statement and how to make one
An income statement is one of the four primary financial statements. It may go by other names, including the profit and loss statement or the…
What is variable cost?
Understanding your business' variable costs can help you price your products correctly, remain profitable, and grow your business.
What is the self-employed health insurance deduction?
The self-employed health insurance deduction can help offset some of the costs of paying out-of-pocket for health care coverage. Find out who can…
Why and how to file back taxes
The IRS is typically willing to work with taxpayers who make an effort to get caught up on their tax filing obligations. Filing back taxes can help…
What does exempt mean? Why it matters for your business
Businesses don't have to pay overtime to exempt employees, but every employee doesn't qualify for exempt status. Find out who qualifies and what that…
Small business filing requirement for employee healthcare: Form 1095-B
This form isn't required for all small businesses—just those that self-fund employee health coverage.
What's the difference between tax fraud and negligence?
Mistakes are a fact of life, even mistakes on taxes. The line between careless mistakes and tax evasion or tax fraud is sometimes blurry, but it's a…
What is cost of goods sold and how to calculate it
Your cost of goods sold (COGS) consists of all the direct costs associated with producing your goods or services. Calculating costs of goods sold…
IRS interest rates on taxes your business owes
If you don't pay all the taxes you owe when they are due, you may owe interest and penalties on the outstanding balance. The amount of interest you…