Five startup costs business owners can deduct from their annual income taxes
Small business owners have tons of startup costs and financial obligations when they launch their new businesses. New businesses must ensure they…
Five Tax Deductions for Independent Contractors
Starting a new business is not easy, with so many tasks that demand the owner’s attention. There are many start-up and daily…
Home Office Deduction and How to take Advantage of it
If you are a small business owner, freelance worker, or independent contractor who are working from home, you may be able to…
2020 tax deadline, should I pay now or later?
The 2020 tax deadline changed due to the COVID-19 pandemic. This new coronavirus has dramatically decreased economic activity in the United States.…
What are the main student tax credits?
There are two student credits available to help students offset the high costs of higher education. The American Opportunity Credit and the Lifetime Learning Credit. Remember that tax…
Can I Claim my Spouse as dependent?
Can I claim my spouse as dependent in my tax return? We often get this question from our clients. Many times, customers…
Tax Extenders for the 2020 Tax Season
There was a very important tax reform last year. The Tax Cuts and Jobs Act that brought many changes in the tax…
End of the year tax planning tips and options
The holiday season is our favorite time of the year because its the time previous to the tax season begins. It works…
CHRISTMAS Tax advice: 10 tips to SEIZE your tax deductions
How fast 2019 has passed! As the end of the year approaches, as well as the next tax season, it’s a good…
How to use the child care tax credit to deduct expenses
Child care expenses can alter your household budget. When you want to recover some of the expenses paid for child care or…