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I just got a letter from the IRS! Receiving any form of communication from the Internal Revenue Service can send chills down your spine. Many people harbor an unfounded fear of the unknown when it relates to the IRS. Don’t Fret! Seeing a letter from this government agency in your mailbox does not mean you […]
Having a home office can be a great option for deducting expenses. Before we start deducting though, there are a few qualifications that must be met to ensure you are compliant. Home Office Qualifications When figuring the home office deduction for a business, we have to consider the following: Is it truly an office? Can […]
The best way to prepare for your upcoming tax appointment is to gather and organize your information. As your trusted advisors for tax preparation, we will guide you and make your tax season simple and smooth. What to Bring to Your Appointment For Personal Items January 31 is the guideline date for businesses to send […]
1099 Your Subcontractors When hiring a subcontractor to do a job for you, you will need to issue them a 1099 for all services over $600. Some people hire a construction contractor, plumber, landscaper, and electricians. All of these professionals should be issued a 1099-Misc for services completed and paid. Each new contractor must fill out […]