From Taxes to Budgets: An Accounting Blog

Posted on: 21 December 2020

Americans deal with complicated tax laws. In fact, some recent estimates suggest that it might take as long as eight full weeks to read through the nation's current tax code. For small business owners who are working to stay profitable in today's pandemic environment, there is little time available to stay abreast of changing tax laws and the ways in which their small business venture might be impacted by them.  [Read More]

Posted on: 25 November 2020

Filing taxes is always more complicated for self-employed individuals, and navigating complex tax forms can be particularly difficult for owner-operator truckers. Truckers who operate their own businesses and vehicles can take advantage of unique allowances and write-offs, but they are also responsible for operating permits, heavy vehicle taxes, and other, potentially expensive tax obligations. Failing to keep on top of these various nuances can leave owner-operator truckers with crippling tax bills. [Read More]

Posted on: 24 September 2020

Gift-giving makes both the giver and the receiver happy. But anyone giving or getting gifts also needs to avoid unexpected consequences — especially with their taxes. When does gift-giving run the risk of being a taxable event? Here are three of the most common situations. 1. When the Gift Is Large Gifts of large monetary value can run afoul of the gift tax laws. Few Americans understand how the gift tax works in U. [Read More]

Posted on: 27 August 2020

If you run your own business but do not work with a business accounting service, then chances are good that you are making a mistake. After all, there are all sorts of things that a business accounting service can help you with. All you have to do is find a good business accounting service so that you can get help with the things below and more. Handling Payroll If you have one or more employees working for your business, then you have to worry about handling payroll in the right way. [Read More]