Online businesses are those that operate mainly on the internet. First off, they are like your regular stores, but they live on the internet. We’re talking everything from selling snazzy sneakers to offering digital courses that teach you ninja-level tax filing skills. Research shows that there are approximately 10 Million Online Retailers in the world….
Taxes might not be the topic you want, but trust me, these deductions can make you change your mind. Imagine the satisfaction of knowing that every dollar you invest in your business has the potential to work doubly hard – propelling your growth and trimming your tax bill. So, whether you’re a solopreneur, a startup…
Individuals and business owners often dislike tax season. During tax season, they will not only part with their money, they will also experience the hassles associated with the period. Help is here. Tax preparation software is the solution to the hassles of filing taxes. When it comes to tax preparation software, two popular options come…
The pain of spending your hard-earned dollars on exorbitant property tax assessment is something I don’t wish for anyone. Now, you might be thinking, ‘Hey, why? Taxes are taxes, right?’ Well, my friends, let me tell you, challenging that assessment could be the financial game-changer you’ve been waiting for. I’m about to reveal a game-changing…
It’s tax season, and you are preparing to file your taxes. So you have reduced your tax software options to H&R Block and TurboTax, and you are wondering which one is the best for you. We have made things easier for you by doing a head-to-head comparison of TurboTax vs. H&R Block to enable you…
Small business owners have moved from manual tax filing to using tax software. Business owners who can’t afford to hire employees have a handful of tasks, such as bookkeeping and providing services to customers. However, with these business tasks on hand, your tax return is not something I would advise you to do manually. It…
Yes, lawsuit settlements are taxable. However, there are some cases where you will not pay taxes. Research shows that approximately 95% of civil cases in the United States end with settlements and only 5% advance to trial. Now, you might be thinking, “Why do I need to worry about taxes when dealing with a legal…
So, you’ve got an old ride that’s seen better days, but you’re also feeling generous and looking for a tax break? Well, you’re in luck! Do you know that donating your car to a charitable organization in California can be a win-win situation? It not only gives you the warm fuzzies of helping out a…
Car donations involve giving a vehicle to a charitable organization. The charity organization you donated to may sell the car and use the proceeds to fund their programs. So what will you get in return? You can qualify for a tax credit. The tax benefit of donating a car to charity depends on the fair…
It looks like you are thinking about donating your car and scoring those sweet tax credits. When donating a car for a tax credit, ensure you avoid common mistakes that could jeopardize your tax benefits. Before you jump in, hold your horses! I’m about to lay down the knowledge on the most common blunders folks…