Skip to main content Skip to search

Accounting Blog

What the New 2024 IRS Adjusted Tax Brackets Mean for You

What the New 2024 IRS Adjusted Tax Brackets Mean for You

Inflation has been soaring and your money can not buy what it used to, but take heart Americans the IRS has taken notice. In response to high inflation, the IRS has recently adjusted all of the income tax brackets for…

understanding construction and contractor taxes

3 Things to Consider When Starting a Construction Company

Are you starting your new construction company or general contractor business? Today, Sonia Narvaez – Licensed CPA, shares 3 Things to Consider when Starting a Construction Company. Sonia has 25 plus years of accounting experience. And by now, she has…

Expat Tax Filing

What Expats Need to Consider When Filing Taxes

The Foreign Earned Income Exclusion and Foreign Tax Credit benefits usually alleviates the need for most expats to pay US expat taxes. However, expats still need to file taxes annually if their gross worldwide income is over the filing threshold,…

tax tips

How to Start a Business When Your Financial History Isn’t Perfect

If you dream of becoming a successful entrepreneur, you’ll have to invest some money and energy into making your vision a reality. Business News Daily reveals that even starting a small micro-business costs about $3,000. If you have a subpar…

finances

Top Tax Tips for New Freelancers Who Want to Avoid IRS Issues

Working as a freelancer can give you so much flexibility and freedom. If you’ve just started as an independent contractor or freelancer and haven’t given any thought to your taxes by now, you could be making a big mistake. Taxes…

tax questions

Common Small Business Tax Questions

While all businesses must file an income tax return each year, simply determining what your business owes the government and what deductions your business may be entitled to can leave some business owners confused and not maximizing their potential for…

PPP Loan Forgiveness

PPP Loan Forgiveness Terms Made Simple

Thousands of small business owners applied for and received Paycheck Protection Program (PPP) funds. The SBA-backed loans were designed to help businesses keep their workforce employed during the COVID-19 pandemic. Borrowers can apply for forgiveness once all loan proceeds for…

child tax help

What You Need to Know About the Child Tax Credit

The $1.9 trillion American Rescue Plan that passed in March expanded the Child Tax Credit. For 2021, the child tax credit amount has increased from $2,000 to up to $3,600 annually for children under 6 and up to $3,000 annually…

ITIN Tax Number

The Importance of an ITIN number

An ITIN, or Individual Taxpayer Identification Number, is a tax processing number only available for certain United States non-resident and resident aliens, their spouses, and dependents who are not eligible for a Social Security Number (SSN). It is a nine-digit…

Cost Increases Causing Lunchflation
business metrics

Cost Increases Causing Lunchflation

  • July 1, 2022
  • by Staff Writer
  • No Comments

Due to increased costs, restaurant owners are being forced to increase their prices, which is affecting business lunch eaters. Lunchflation is a newly coined term that refers to the increase in food prices at lunchtime. With labor and ingredients becoming…

Why economies crash
business analysis

Why economies crash

  • June 26, 2022
  • by Staff Writer
  • No Comments

In his new book The Illusion of Control, Jon Danielsson is about our love-hate relationship with finance. For an economy to grow, banks need to accept the right amount of risk. The problem is, no one knows what that level…

Steve Jobs Believed In the Power of Encouragement. But Science Says This Form of ‘Discouragement’ Can Be Even More Powerful
relaxed business

Steve Jobs Believed In the Power of Encouragement. But Science Says This Form of ‘Discouragement’ Can Be Even More Powerful

  • June 21, 2022
  • by Staff Writer
  • No Comments

Steve Jobs was known a a tough taskmaster, but he also could be very encouraging. Is encouragement beneficial? A 2018 study from Drexel University concluded that “facile encouragement” isn’t useful. The problem with simply telling someone that they can do…