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!)...
by Brandon Dante | Apr 3, 2017 | Bookkeeping, Tax Firm
Some business owners think they only need a bookkeeper, but not an Accountant. Others think they might need an Accountant, but not necessarily a bookkeeper. This article describes why you need both! Look at the Big Financial Picture Bookkeeping and accounting go...
by Brandon Dante | Mar 5, 2017 | Bookkeeping
Do most of them focus on saving you time? Are they mostly about saving your company money? Do you just want good, clean, bulletproof books so you can stay on top of your accounts payable and accounts receivable? Do you want to improve your cash flow? Or do you want...
by Brandon Dante | Mar 1, 2017 | Tax Firm
Most people only think of April 15th as the deadline for filing their federal and state taxes through tax preparation services like Books In Balance. The fact is, there are many other dates to remember when you want to minimize what you pay to both Washington, DC and...
by Brandon Dante | Feb 10, 2017 | Tax Tips
Every holiday season, you probably ask yourself why you spent so much on buying presents for family and friends, especially when you think of using your tax refund to pay of your Christmas bills. Upon reviewing your credit card bills in late January for those December...
by Brandon Dante | Feb 5, 2017 | Tax Tips
What? Have you done something on your tax return that is one of the IRS red flags that will cause an audit? That’s not the kind of letter you want to receive. In fact, being selected for an audit by the Internal Revenue Service is one of the worse fears any tax-paying...
by Brandon Dante | Jan 17, 2017 | Bookkeeping, Business Tips, General Tips, Tax Tips
Now that your calendar has turned over to 2017, it’s time to start thinking about why it’s important to see your accountant in January rather than later in the year. This article will outline why January is preferable to April, what you need to gather and your next...
