What Are Estimated Taxes And Who Has To Pay Them?
What Are Estimated Taxes And Who Has To Pay For Them? Estimated taxes function similarly to insurance payments, where taxpayers make periodic payments to the IRS throughout the year to avoid unexpected fines and penalties for late tax filings. However, these payments are not required for everyone. In this blog, I will discuss the benefits, […]
What is an Enrolled Agent?
What is an Enrolled Agent? An Enrolled Agent (EA) is a tax professional authorized by the U.S. Department of the Treasury to represent taxpayers before the Internal Revenue Service (IRS). This elite status is the highest credential the IRS awards to tax professionals, and it is earned by passing a rigorous three-part examination or through […]
Maximize Your Business Travel Deductions
Maximize Your Business Travel Deductions Maximize Your Business Travel Deductions with Proper Receipts! Are you a frequent business traveler? If so, ensuring you have the right documentation for your travel expenses can make a significant difference during tax season. Proper receipts are essential for maximizing your deductions and staying compliant with IRS regulations. Here are […]
Hiring Your Children for Your Business!
Hiring Your Children for Your Business! Welcome to our quick discussion on the benefits and considerations of hiring your children for your business. This can be a great way to teach them valuable skills, provide them with income, and potentially gain some tax advantages. Let’s dive into the key points. Benefits of Hiring Your Children […]
Back to Business Basics: Essential Business Practices for Surviving a Downturn in the Economy
Whether you run your own business or work for someone else, it can feel like a constantstruggle to stay afloat. It’s easy to take some parts of the business for granted when there’sso much going on around us. According to recent research, nearly 57 percent of small company owners believe the USeconomy will continue to deteriorate in […]
Why Choose QuickBooks Online For Your Bookkeeping?
QuickBooks are well-liked online software for small businesses. They ply to supervise allthe expenses and income and keep an eye on the financial health of the organization. Itis one of the best tools used today for bookkeeping purposes. Applications QuickBooks is used for different aspects of bookkeeping; the most popular ones are:1. Invoicing customers2. Paying […]
How Tax Planning Can Help You Save Money?
As a small business owner, you must dread the word “Tax” and there is no reason you shouldn’t!Let’s all agree nobody wants to do all the hard work just to end up paying ridiculous tax chunks.According to Bloomberg, nearly half of Americans overpay tax meaning that they pay morethan what they should have paid legally. […]
Why Proactive Planning Is More Important Than You Realize
With the impact of the covid pandemic and the global economic crisis, the only reason any enterprise will remain in business is if they are proactive in their planning. Proactive planning is the most common way of budgeting and forecasting in light of the ongoing economic situation and available market data. It includes imagining the […]
How Citrine Accounting Simplifies Bookkeeping, Accounting, and Tax Needs for Individuals and Small Businesses
Comprehensive Bookkeeping and Accounting Services Citrine Accounting provides a wide array of bookkeeping and accounting services tailored to meet the needs of both individuals and small businesses. By leveraging their expertise, clients can efficiently manage daily financial transactions and maintain accurate financial records, ensuring compliance with all pertinent legal requirements. This comprehensive approach allows clients […]
