When it comes to your business accounting, cash flow is extremely important to how your business thrives.
The newest scam has begun to be reported all over the country, so please take a moment to make yourself aware of the facts and details of the scam to ensure you know what to do if such a scammer calls you.
The Home Office Deduction can be claimed on any space in your home that you use for business purposes exclusively.
As the tax season is finally coming to a close, you might be looking back on your small business’ accounting and bookkeeping for tax year 2016 and think, “Why weren’t we more prepared?”
While tax season this year might seem like it’s running by at a quick pace, there are still a few more weeks left before the April 15th deadline. Is your business return prepared?
Each year the IRS finds the most common scams to avoid for the upcoming year. In an effort to help taxpayers, they highlight the list of various schemes taxpayers may encounter through the year, many of which peak during tax season.
Out with the old and in the with the new: tax season is finally here, and with it come changes to the filing deadlines for employers and delayed refunds for many.
As physical relief efforts continue in eastern North Carolina, the IRS has announced tax relief efforts for residents and businesses most affected by the storm. You or your business might be eligible for an extension on filing your return or making payments.
With October swiftly approaching, now would be an excellent time to discuss the October 15th filing extension deadline. While some states do not allow extensions on filing for state taxes, North Carolina does allow the tax payers a 6-month extension.
Your taxes can be affected if your vacation home was used a personal property or if it was strictly a rental property for other occupants. Basically, the amount of time you personally spend at your vacation home can determine how much you will owe in rent or taxes, as well as the type of deductions you can claim against the property.