Category: Deductions

Five startup costs business owners can deduct

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

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…
Tax Extenders for 2020 tax season

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…
Christmas tax advice tax deduction

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…
taxable income

Taxable Income: Key concept for your tax calculations

Taxable income it’s a subject you’ll face at least once a year – even more if you file your taxes quarterly. However,…
schedule c

Schedule C: What is it for and who has to fill it?

Freelancers, self employed, and solo business owners have different forms when filing their taxes. One of these forms is Schedule C, which…
global tax imagen portada articulo 3

Five tax cuts you can request on your tax return

Tax credits can be claimed whether you use the standard deduction or the itemized deduction. The most populars include the child tax…
Tax preparer vs tax software

Tax preparer vs Commercial Tax Preparation Softwares

Last week was April 15th, the deadline for filing your taxes, the GlobalTax team expects you could filed without major inconveniences. But,…

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