Dr. Friday encourages sole proprietors and family partners to formally pay their working children, highlighting potential tax advantages like tax-free income up to the standard deduction and IRA…
Dr. Friday emphasizes the crucial role of proper record-keeping for self-employed individuals and small business owners. She highlights that keeping accurate records, including tracking expenses and maintaining receipts,…
Dr. Friday emphasizes the importance of meticulous record-keeping for self-employed individuals and small business owners, especially those managing an S corporation, LLC, or sole proprietorship. She highlights that…
Preparing taxes. It's that time of the year. You can't think of anything else. But if you're a business owner, what you should also be thinking, have you…
The IRS is busily hiring 85,000 new people to do collections. That's right. Most of those people are going to be brought in as collections. I wish they'd…
Tax season is flying by. So hopefully you have already filed all your business returns. If not, you had an extension file for them. And the same thing…
Getting organized, making sure your tax documents are in order, preparing for the 2020 tax year. Get your QuickBooks in line, if you haven't got an online system,…
We started a new year. And now's the time to think about bookkeeping or keeping track of your tax records. If you need assistance, helping you with tracking…