Most people don't struggle with filing a tax return. Even small business owners typically recognize what income they need to report, making the process fairly straightforward. Others, however, don't simply have a job or a business, but a hobby that brings in money for them. The question then arises,
Renting out a second home can provide a variety of benefits for homeowners in the position to do so. However, there are also a variety of things to consider when you're doing renting out your second space. Perhaps one of the most prominent of these is the deductions that you will be entitled to.
A law firm needs a specialized CPA to ensure the legal practice can run smoothly. Law firm accountants are accustomed to the law firm's business structure, method of business, services, and highest risks. Having someone already well-versed in the field allows partners and attorneys to focus on their
As a landlord, you are highly involved in looking for tenants to rent your property while at the same time ensuring that you provide the necessities to keep them around. That adds you money in your bank account. However, the IRS is always knocking to check on what you have earned, so you have to pay
Spending is one of those fun facts about life. The thought of getting access to anything you need as long as you have cash can be thrilling and one may be willing to do anything for this privilege. However, it is important to realize that how you spend your money determines your future financial
One of the most crucial things every new business owner must do is to create a company budget. You want a budget that's flexible enough to handle future expenses, but also manage your existing revenue, and cash needs. A budget is also a critical tool of your startup business plan. One of the key
Seattle, Washington is a bustling Pacific Northwestern metropolis that's known for many things. The city is associated with friendly folks, (arguably) beautiful, rainy weather and coffeehouses galore. If you're thinking about making your mark in the Emerald City, then you should look into your
Everyone dreads having to pay their fair share of federal taxes, but there are some multi-million dollar companies that do not pay a dime in taxes. Some of the wealthiest companies have not had to pay federal taxes in years, and 2018 was no exception. Some of the top companies, like Amazon, Alaska