How to Do Bookkeeping Manually (Without Software!)
Requirements to Get Started with Bookkeeping Manually So, to get started with Bookkeeping Manually (without software), we have just two requirements. They are: #1 – First, you must have a bank account that is used exclusively for business income and…
Read moreHow To Calculate The Mileage Tax Deduction!
Understanding the Mileage Deduction That Can Make a Big Difference on Your Tax Return Do you know how to calculate the mileage deduction that will make that big break on your tax return? In this blog post, I am going…
Read moreHow to Calculate the Home Office Deduction!
Today we are going to dive into a very popular topic amongst those who work at home. It’s How to Calculate the Home Office Deduction. Many of my clients had lots of issues with calculating this deduction this past tax…
Read moreWhat is the American Opportunity Tax Credit (AOTC)?
Think of the American Opportunity Tax Credit (AOTC) as a little “thank you” from the government for investing in education. It helps students (or their parents) save on taxes by covering some college costs. Here’s how it works: You can…
Read moreDid You Get a 1099-K from Venmo or PayPal? Here’s What You Need to Know!
If you’ve ever received payments through Venmo, PayPal, Cash App, or any other payment processor, you might have received a 1099-K form. And you might be wondering, what is this? Do I need to do something with it? Well, I’ve…
Read moreIs it Still Worth it to Buy an Electric Vehicle in 2025?
Thinking About Going Electric in 2025? Here’s What You Need to Know! If you’re considering switching to an electric vehicle (EV) in 2025, you’re probably wondering how the federal EV tax credit works and whether it’s still a smart financial…
Read more6 Investment Strategies Designed to Save Money on Taxes
Are you investing to build a more secure future for yourself and your family? Are you looking to minimize the taxes you pay on those investments? If so, you are in the right place. In this article, I will share…
Read moreUnderstanding Capital Gains Exclusion on the Sale of a Home
Are you planning on selling your home, or have you already sold your home this past year and you’re wondering whether you will owe the IRS taxes? If so, you are in the right place. In this video, I’m going…
Read more7 Last Minute Tax Tips For This Year [2024]
I can’t believe 2024 is almost over. Where has the time gone? In this article, I want to give you 7 tips that will for sure make a difference on your bottom line. You still have time to do these…
Read moreUnderstanding Beneficial Ownership Information (BOI) and Why It Matters to Businesses
Today, we’re diving into a critical filing requirement that is new for businesses in the U.S. And if you don’t do it correctly, it can result in steep penalties and even jail time. To start things off, let me explain…
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