by mariettacp | Sep 2, 2014 | Accounting News, Bookkeeping, Money Tips, Tax Planning, Tax Preparation, Tax Tips
Question: My business has not been growing but it seems as though I add more people and equipment without increasing my net profit. What am I doing wrong? Answer: Let’s see what happens in a typical company as the business grows. Suppose that a company is...
by mariettacp | Feb 21, 2013 | Bookkeeping, Money Tips, Tax Planning
Tax Tip for 2013…The IRS is reducing the record keeping required for the home-office deduction, effective for 2013. Taxpayers who qualify may use a new optional deduction calculated at $5 a square foot for up to 300 square feet of an area in a home that is used...
by mariettacp | Jul 20, 2011 | Bookkeeping, Money Tips
Where the IRS is concerned, there is no defined busy season. IRS compliance systems and staff work year-round on tax compliance issues, consistently monitoring activity and issuing notices. The IRS sends certain types of notices throughout the year. For example, in...
