In the dynamic world of small businesses, every penny counts, and safeguarding financial assets is paramount. One invaluable tool that can significantly benefit small businesses in this regard is “Positive…
Author: MBAFAS
Attention Business Owners! Take Advantage of this Tax Minimization Strategy by October 16, 2023
The 2017 Tax Cuts and Jobs Act (TCJA) imposed a $10,000 limitation on the deduction of state and local taxes (“SALT”) for federal income tax purposes. In response to this…
Benefits of Section 179: Bonus Depreciation for Equipment and Property Acquisitions
Section 179 of the U.S. Internal Revenue Code incentivizes businesses to invest in new equipment or property by allowing them to deduct, for tax purposes, the full cost of qualifying…
What Are The Benefits Of Outsourcing Bookkeeping?
If you are looking to run a leaner, smarter business, then you have to make sure that you have the right bookkeeping services. For many small and growing businesses, the…
Small Business Bookkeeping Basics
One of the most important aspects of running a small business is keeping up with its bookkeeping. For small business owners, bookkeeping is one of those time-consuming jobs that are…
What is My Tax Return Estimate?
Every year, tens of millions of people get one of the largest checks that they will ever receive for the year. Ironically enough, that check will come from the IRS.…
How Soon Will I Get My Tax Refund?
Did you know that the average taxpayer receives $3,536 in tax refunds each year? For many people, this is the single largest check that they will receive in a year.…
2022 Tax Calendar
Tax season is here and you want to make sure that you understand important tax calendar dates. Last year, we saw COVID-19 push back many tax filing deadlines. For the…
What is Bookkeeping in Accounting?
Are you looking to run a business? Perhaps you would be interested in purchasing or investing in a business. In any of these cases, you need to become familiar with…
What are the Main Types of Taxes?
You may be surprised that there are many different types of taxes. That’s right, Uncle Sam is always finding new ways to get more of everyone’s money. Therefore, it is…