Whether your business is just starting or it's been around for several years, excellent bookkeeping is essential to your business's success. Especially if your business is a startup, it is crucial that you record and report accurate numbers to reflect your business data. Business owners and...
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While it may seem like an unlikely way to target people due to spam blocking technology and caller ID, phone call scams are just as popular as ever, and unfortunately, they are still thriving. With the tax season underway, IRS phone scams are popping up everywhere,...
Continue ReadingEveryone's favorite part of tax season is receiving their tax return, and businesses are no different. Business tax refunds can potentially give a small business a little extra cash to use when they need it the most. With tax season happening as we write, Taurus CPA...
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Many people around the country are used to filing their taxes early. There are many reasons for filing your business taxes before the deadline, and it is essential to take advantage of the benefits that come with being an early bird. At the time of this...
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Preparing for tax season is one of the best decisions that you can make for your business. Avoiding last-minute stress, cashing in on tax breaks and benefits, and receiving your tax return quickly are just a few examples of the many benefits of preparing and...
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It has become both trendy and common for Americans to have a full-time job during the day and a hobby or a “side hustle” during free time. Especially during quarantine due to the pandemic, many have picked up new hobbies or started doing things for...
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Working from home has grown in popularity over the past ten years or so, but in 2020 the number skyrocketed. When the coronavirus hit, many companies switched to a strictly virtual work model and asked all employees to continue working from their homes. This switch was...
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The QBI deduction can be very beneficial to small business owners and self-employed individuals. Especially during these challenging times, and with tax season approaching, it is essential to understand all tax deductions your business may qualify for. Here is everything you need to know about the...
Continue ReadingEvery business has to file their taxes and those who file early benefit in the long run. The earliest a company can potentially start preparing its tax returns is January 1, 2021, and the available forms of submission are through an online source, a mobile...
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If an audit is in your future, it is essential to be prepared. An audit is an extensive process that involves reviewing an enormous amount of financial information, so getting organized ahead of time is a great idea. Auditing may be a requirement for all publicly...
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