Notes on Schedule D: Capital Gains & Losses
Schedule D is the tax form used to calculate and report capital gains and losses on your tax return.
Tax Basis: What It Is and Why It Matters
Your tax basis serves as the starting point for calculating gain or loss when you sell the asset.
Opening Balance Equity and How to Resolve It in QBO
Having an opening balance equity is a common pain point most business owners have when setting up their QBO subsription.
What to Expect as a Client During a Tax Resolution Consultation
Facing tax issues can be a daunting and stressful experience for any business owner or individual.
The Power of Drafting Flowcharts and Processes: How It Benefits Your Business
Boost your productivity by implementing flow charts and documenting processess
Understanding Offers in Compromise: A Path to Tax Relief
What is an Offer-in-Compromise and how do you know if you qualify for one? Read on to learn more.
Capital Gains: What They Are and How They Impact Your Taxes
Capital gains occur when you sell an asset for more than you originally paid for it.
Guide for Taxpayers: What You Need to Know When Filing Taxes
Tax season can be overwhelming, but being prepared makes the process easier. Here’s a quick guide to help you navigate your tax filing
How to Issue a W-2 for a Household Employee
Our detailed guide will walk you through the steps to issuing a W2 to a household employees you employ to stay compliant.
Best Third-Party Apps for QuickBooks Online
We will explore some of the best third-party apps for QuickBooks Online that can help you save time, improve accuracy, and optimize your business processes.