by Andrews Tax Accounting & Bookkeeping | Oct 9, 2019 | Educational
Goodbye Extensions October 15th is almost upon us. Yes, the end of tax season is near (or extension season). What Does an Extension Do? An extension provides an extra amount of time for you, a taxpayer, to file your taxes. It does not, however, provide more time to...
by Andrews Tax Accounting & Bookkeeping | Oct 2, 2019 | Educational
What is Per Diem? Every fiscal year the IRS releases new per diem rates. The rates are for business travel. When an employee travels, a boss has two options on how to reimburse the employee. The first being based on receipts and an expense report and the second being...
by Andrews Tax Accounting & Bookkeeping | Oct 2, 2019 | Educational
Not Really a Loophole First off it is not really a loophole and it has to do with how the owners of an S corporation take money out of their business. Shareholders of an S corporation are considered employees of said corporation. That being said, they are taxed the...
by Andrews Tax Accounting & Bookkeeping | Sep 18, 2019 | Educational
What is the Home Office Deduction? The home office deduction allows taxpayers with an office in their home to deduct expenses related to said office. A home office can be in an owned home or a rented one. The term home includes an apartment, a house, a boathouse, etc....
by Andrews Tax Accounting & Bookkeeping | Sep 4, 2019 | Educational
How Can QuickBooks Automate Your Small Business? Automation is a normal part of business life. From signing documents electronically to linking your credit card(s) to QuickBooks bank feed. How Does Automation Help Small Business Owners? Automation improves...
by Andrews Tax Accounting & Bookkeeping | Aug 21, 2019 | Educational
What are Payroll Taxes? Payroll taxes are taxes on the wages of employees which are used to fund social programs (e.g. Social Security and Medicare). The burden is on the employer to pay the tax by withholding said tax from employee’s salaries, but the employee is the...
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