If a qualifying vehicle loan is later refinanced, interest paid on the refinanced quantity is usually eligible for the deduction. The Department of the Treasury and IRS issued steering that identifies 70 occupations of tipped staff and defines tips which are eligible for deduction. Look at your online account with the IRS to see in …
Turbotax® Official Website: File Taxes Online, Tax Submitting Made Simple Read More »
Unless Congress passes legislation to extend or modify the deduction, it will no longer be available starting in 2026. Business owners should monitor legislative developments and consider tax planning opportunities while the deduction remains in effect. Smart business owners don’t just claim the QBI deduction—they structure their finances proactively to maximize it. Manay CPA is …
The New 20% Income Deduction for Business Owners: Do You Qualify? Read More »
Spousal benefits are one of the most misunderstood features of Social Safety. If you’re married, divorced, or widowed, you may be eligible to obtain benefits based mostly in your spouse’s (or former spouse’s) work record—even when you never worked your self. The guidelines are barely totally different if you’re disabled or caring for a kid …
Social Security Benefits: Do Not Forget The Kids Read More »
When an organization determines that the value of its inventory has decreased, it may want to write down the value of the inventory on its financial data. This can affect the three financial statements – the revenue statement, balance sheet, and assertion of cash flows. Stock valuation and write-downs are important for the preparation of …
The sooner you begin, the sooner your business benefits. Bookkeeping doesn’t need to be overwhelming. Learn more about our bookkeeping services here. If you’re located in and need outsourced bookkeeping support, RemoteBooksOnline is here to help. I make sure everything balances to the penny every month, and when I complete their year, I put everything …
Think of these checks like oil changes for a car; they keep everything running smoothly. Set a routine schedule or reminder to perform monthly or weekly checks. Any discrepancy could lead to misleading financial statements, much like assembling a chair with missing screws. Accuracy is paramount when it comes to financial information, as it informs …
You may think that by switching from many payment providers to one you’ll miss out on certain features, but that’s not the case with BlueSnap. Analyze to Optimize All You DoPayment analytics can help you minimize your costs and maximize your strategies to improve your business’s overall performance. Payment analytics can provide insight into how …
How Modern B2B Payment Solutions Can Benefit Your Business Backd Business Finance Read More »
It supports syncing sales, inventory, and financial data across multiple stores and platforms, with automated order and payout processing. It’s used for syncing Shopify stores with QuickBooks, enhancing inventory, order, and financial management. Eliminate manual data entry by syncing orders, taxes, inventory, refunds and payouts in real time. As long-time Webgility customer, we really appreciate …
For many organizations, such as churches and other nonprofits, finding an affordable and accessible accounting software option can be an ongoing challenge. Choosing the right accounting software is an important decision for any church management. In short, with its power, versatility, and ease of use, Sage is the go-to choice when it comes to church …