by Tiffany Mellow | Sep 14, 2018 | Business Taxes, Personal Accounting
I met with one of my higher income clients this morning to discuss tax saving ideas. She operates a business out of her home to keep the overhead low. This year her income has increased about 20 percent and it looks like the growth will continue for the foreseeable...
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...
