Managing your finances can feel overwhelming, especially when you’re running a small business or working as a commercial trucker. But understanding the basics of bookkeeping for businesses can make a huge difference. It helps you keep track of your money, prepare for taxes, and make smarter decisions. I’m here to walk you through the essentials in a clear, friendly way. Let’s dive in. What Is Bookkeeping for Businesses and Why Does It Matter? Bookkeeping for businesses is the

When tax season rolls around, one of the first questions you’ll face is: What tax filing status should I choose? This decision can significantly impact your tax bill, refund, and eligibility for credits. Picking the right filing status is not just about ticking a box; it’s about understanding your personal situation and how the IRS views it. In this post, I’ll walk you through the different filing status options, explain how to choose the best one for you, and share practica

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The government has allowed for a reduction in self-employment (FICA) taxes for those who choose the s-corp entity structure. This type of...

This conversation can happen at any point in a marriage – newly wed couples frequently ask this question during their first year of tax...

Whether you have rented out one unit on a whim or manage an empire of rentals, there are quite a few deductions to be aware of: You can...