Prepping Documentation For Business Use Of A Home

Many small business owners and sole proprietors now work from home, thanks to technological advancements. Setting up a home office provides many conveniences, and the cost-saving benefits extend beyond reducing commuting expenses. Legal tax deductions are available to someone who performs their duties at their residence. However, the Internal Revenue Service may request proof to back up claims. Therefore, it would be helpful to keep thorough documentation of any claims for a home office deduction.

5 Reasons You Need To Hire A Tax Preparer In Your Small Business

In this fast-paced, always-on-the-go society, it’s easy to put off tasks that you don’t deem as urgent. Believe it or not, tax preparation is one of those tasks. But the truth is, if you’re a small business owner, you can’t afford to delay tax prep any longer. That’s why it’s important to hire a tax preparer to help you with your tax filing needs. Here are five reasons why. 1. Tax preparers have the expertise to help you maximize your deductions

4 Income Tax Forms Executors May Need To Work With

Are you the executor of an estate? If so, you have many responsibilities that may be unfamiliar to you. One of the most common responsibilities in this role to file taxes for the estate. What income tax forms will you need to file? And why should you seek professional assistance with them? Here’s what every executor should know about the four most common income tax forms they may need to deal with.