NEWS & RESOURCES

May 3, 20222 min read

Can You Write Off Your Horse?

I often see questions about the potential tax deductions related to horses. Some people have expressed their old tax preparer never let...

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Apr 26, 20221 min read

How to Read a Profit and Loss Statement

As a business owner you should be looking at your profit and loss statement at least monthly. But what are you even looking at? The...

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Apr 26, 20223 min read

What is COGS?

If you've done research on evaluating financial performance in a business you have most likely come across the term COGS. You've also...

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Apr 26, 20222 min read

Why You Should File Your Taxes Even if You Can't Pay

You are ready to file your taxes, but realize you can't pay the balance due. Instead of filing now and paying later you may be...

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Apr 22, 20222 min read

How Are Tax Returns Selected for Audit?

Audit - the word that strikes fear in the heart of taxpayers. While we completely understand why taxpayers are nervous about being...

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Apr 21, 20222 min read

Can My Business Pay For My Health Insurance?

If you are self employed you have most likely wondered if your business can pay for your health insurance and if the business can write...

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Apr 20, 20221 min read

What is the SALT Cap?

You may have heard the term "SALT" cap, but what is it and how does it affect you? The Tax Cuts and Jobs Act of 2017 included a limit on...

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Apr 3, 20222 min read

How Long Do I Need to Keep Records?

We get this question a lot, how long do you need to keep documentation related to your financial and tax records? 3 Years in Most Cases...

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