by Brandon Dante | Jul 15, 2017 | Tax Tips
The Earned Income Tax Credit (EITC) is a tax benefit for working people who have low to moderate income. It provides a tax credit that is treated like tax withholding: it goes to pay an individual’s tax liability, and any excess is paid to the individual in the form...
by Brandon Dante | Jul 14, 2017 | Business Tips, Tax Tips
When individuals buy new homes, they often consider turning their old homes into rentals rather than selling them. All too often, that decision is made without considering the tax implications. Converting a former residence into a rental may also happen when two...
by Brandon Dante | Jul 8, 2017 | Business Tips, General Tips, Tax Tips
Taxpayers are often confused by the differences in tax treatment between businesses that are entered into for profit and those that are not, commonly referred to as hobbies. There are differences… Businesses Entered Into for Profit – For businesses entered for profit,...
by Brandon Dante | Jun 12, 2017 | Tax Tips
Every summer, my always clients ask me, “Is my kid’s summer camp tax deductible?” And I always reply with a range of answers: “Yes”, “No” and “Maybe”. This article will explain why your kid’s summer camp may or may not be tax deductible, depending on your family’s...
by Brandon Dante | May 12, 2017 | Bookkeeping, Business Tips, Tax Tips
Now that tax season is over, what do you do next? As a small business owner, whether you received a sizable refund or had to pay Uncle Sam a hefty sum because you had a great 2016, you’re probably relieved that you’ve made it through another year. (We certainly are!)...
