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Filing Taxes Properly


2 Types Of Business Tax Liabilities You Need To Prepare For

If you're a business owner, it's important to be aware of the different types of tax liabilities that you may be responsible for. This can help you better prepare for tax season and avoid any surprises. Here are two main types of business tax liabilities to be aware of as a small business owner. Income Tax The first and most obvious type of business tax liability is income tax. This is the tax you owe on any money your business earns throughout the year. Read More 

How to Decide When to Claim a Section 179 Deduction

Typically, when you invest in a capital asset, you deduct the expense on your tax return in small increments over a period of time. However, in some cases, you may be able to use the Section 179 rule to write off the entirety of a capital asset in the year of purchase. Trying to decide which option is right for you? Work through these simple guidelines.  1. Can you write off the entire assets without applying Section 179? Read More 

How A Property Tax Consultant Can Empower You

Paying property taxes is not something that anyone looks forward to. However, it's something that almost everyone who owns property, including business and residential property, must do. While you may not be able to completely escape paying property taxes, at least in most circumstances, there are plenty of things you can do to save and reduce the amount you pay. However, uncovering these options can be difficult without help from professionals who understand property taxes and the laws and loopholes surrounding them. Read More 

How Can Business Consulting Services Benefit Your Small Business?

Running a business can be difficult, especially if you're a first-time business owner. Fortunately, you can take advantage of the expertise of others. Business consultants can help business owners create and adjust business plans, understand their taxes, and more. Here are a few ways that business consulting services can benefit your small business: 1. Maximize your tax deductions. Paying taxes as a business owner is more involved than paying taxes as an employee. Read More 

Selling A Rental Property: Should You Consider A 1031 Tax Exchange?

Are you planning to sell one or more of the rental properties that you currently own? If so, you may wish to consider the use of a 1031 tax delayed exchange. If you are not familiar with rental property 1031 tax delayed exchanges, reviewing the information below can help you to better understand how these tax incentives work and determine whether or not this opportunity is right for you. What Are Rental Property 1031 Tax Delayed Exchanges? Read More 

About Me

Filing Taxes Properly

Once my business started taking off, I realized that any mistakes that I made with my taxes would have effects on a much broader scale. It occurred to me that instead of doing taxes on my own, it might be smart to have a professional accountant take over. I started looking around and I found a great business that specialized in tax services who could help. They were incredible to work with and I was really pleased with the services that they offered. They went through my account statements to look for problems, and I was really impressed. This website is all about filing taxes properly, and why you might need an accountant.

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