Sales Tax VS Use Tax

Taxes help your government pay for necessities and amenities you may not even consider. For example, taxes generally pay for maintaining infrastructure and running the public school system. Failing to pay taxes is illegal and can have severe consequences for you as an individual or for your business. If you don’t understand how different taxes […]

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How to Prepare for the 2024 Tax Season

  As tax season 2024 approaches, it’s essential to get a head start on the recent tax updates from the IRS to ensure you meet all the correct requirements and, most importantly, minimize your tax bill as much as possible. Since our last tax season, there have been many updates, from adjusted tax brackets and […]

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Everything to Know About Tax Write-Offs

Tax write-offs are a method of reducing your taxable income or increasing the expenses you can subtract from your taxable income. Both individuals and businesses can claim tax write-offs on various expenses. For example, as a small business owner, you need to report your income through a system of revenue and losses or write-offs — […]

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How Do I Pay Self-Employment Taxes?

When you are self-employed, you have to play a more active role in paying your taxes since they aren’t withheld automatically. You must ensure you pay the correct taxes in the right amount at the appropriate time. Paying taxes is your responsibility as an employer as part of running your business. Do your research to […]

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I Underpaid on My Taxes: What Do I Do?

Whether you’re self-employed, a freelancer or a salaried employee, you must pay taxes on your income. When you can’t or don’t pay your taxes, you risk receiving a tax underpayment penalty from the IRS. So, what is an underpayment penalty, and what are your options when you receive one? This guide explores everything you need […]

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5 Reasons You May Need Professional Income Tax Services

Handling tax problems can be frustrating. That’s why it’s vital to get professional assistance. Tax preparers have experience to help file your taxes and implement strategies to lower your tax liability. Additionally, they can help you negotiate and find practical solutions for your back taxes, which, if improperly handled, can accumulate penalties and interests. However, […]

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