by Tiffany Mellow | Aug 2, 2024 | Business Accounting, Business Taxes, Non-Profit Accounting, Non-Profit Taxes, Personal Accounting, Personal Tax Deductions, Personal Taxes, W-2's, Your Questions Answered - Business Accounting, Your Questions Answered - Personal Accounting
For 2024 it is difficult to track of what’s new and changed from last year, and there are lots of tax law changes and updates for 2024 that you need to know. To help, we put together a list of the most important tax law changes for 2024. Pay attention to these...
by Tiffany Mellow | Feb 27, 2017 | Bookkeeping, Business Accounting, Your Questions Answered - Business Accounting
QUESTION: Dear Taxman – I am starting a small business. What software should I use to keep track of my business transactions? ANSWER: Dear Reader – If you are only selling one product or service, Excel is good for tracking incoming and outgoing money in a...
by Tiffany Mellow | Feb 20, 2017 | Business Taxes, Your Questions Answered - Business Accounting
QUESTION: Dear Taxman – This summer I started a lawn mowing business and made about $3,000 mowing grass. However, my expenses were more than my income. Do I need to report it on my tax return? ANSWER: Dear Reader: The IRS requires all business income to be...
by Tiffany Mellow | Jan 8, 2017 | Business Taxes, W-2's, Your Questions Answered - Business Accounting
QUESTION: Dear Taxman – What is the due date for filing my W-2’s with the Social Security Administration? ANSWER: Dear Reader – You’re probably aware that W-2 forms must be provided to your employees by January 31st. The IRS has set the due...
by Tiffany Mellow | Jan 4, 2017 | 1099's, Business Taxes, W-2's, Your Questions Answered - Business Accounting
QUESTION: Dear Taxman – I have a small business and I am not sure if I should give my workers 1099’s or W-2’s. Can you tell me how to determine which way to go? ANSWER: Dear Reader – It’s not uncommon for small business owners to be...
by allsaints | Oct 16, 2016 | Business Tax Deductions, Business Taxes, Your Questions Answered - Business Accounting
QUESTION: Dear Taxman – I use my car in my business occasionally. I have paid for all my gas with my debit card so I have a record of how much gas I purchase. Is there anything else I need to do to deduct my auto through my business? ANSWER: Dear Reader...
