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HOW DO I PAY MYSELF AS AN ENTREPRENEUR?

HOW DO I PAY MYSELF AS AN ENTREPRENEUR?

Owning a business is a remarkable accomplishment. Being an entrepreneur comes with a large amount of responsibility; specifically, when it comes to your financials. Paying yourself as an entrepreneur is not a complicated topic, but it does need to be done correctly....

BIG PLANS FOR 2022: WHO IS GOING TO HELP YOU GET THERE?

BIG PLANS FOR 2022: WHO IS GOING TO HELP YOU GET THERE?

A few weeks ago, we talked about how important it is for online entrepreneurs to get their tax advice from a qualified tax professional. Our video blog last week talks about knowing your numbers as we get into tax time. So, we want to know: Who do you have in your...

PERSONAL APPEARANCE EXPENSES DEDUCTIONS – HOW DO THEY WORK?

PERSONAL APPEARANCE EXPENSES DEDUCTIONS – HOW DO THEY WORK?

  Our clients ask us all the time:   Can I deduct my haircut from my taxes? I just bought some new clothes for my job; can those be deducted? What about new makeup that I bought to look better at work?   These questions make sense! Especially because we...

HOME OFFICE EXPENSES – ARE THEY DEDUCTIBLE?

HOME OFFICE EXPENSES – ARE THEY DEDUCTIBLE?

If you are an online entrepreneur, there’s a good chance you have a home office. Just like with any office, a home office has expenses and those expenses, depending on the situation, may be tax deductible. In order to be eligible for a home office deduction, the...

DON’T CUT CORNERS ON QUALITY TAX ADVICE

DON’T CUT CORNERS ON QUALITY TAX ADVICE

In the day and age where information is at the tips of our fingers at any moment, it is vital to be aware of where that information is coming from. Since 2001, there have been an average of over 225 changes to the tax code – that’s a lot to keep up with. It can be...

IRS LETTERS: HOW DOES AN ENTREPRENEUR RESPOND?

IRS LETTERS: HOW DOES AN ENTREPRENEUR RESPOND?

Accounting is an intimidating business aspect to face as an entrepreneur. 2020 showed us firsthand just how complicated things can get; frequently changing tax laws, regulatory changes, and COVID relief bills. Even for the most experienced accountant, 2020 and 2021...

4TH QUARTER 2021: THE HOME STRETCH – ARE YOU PREPARED?

4TH QUARTER 2021: THE HOME STRETCH – ARE YOU PREPARED?

October is here which means we are officially in the final quarter of 2021. With less than 90 days left in the year, there are many things for entrepreneurs and business owners to think about. Do you have clarity on where you are after the first three quarters of the...

Build Back Better Plan

Build Back Better Plan

Get Ron Parisi's take on the Build Back Better Plan in this week's blog video.   We will continue to keep you updated as changes continue. To stay updated, follow our social media accounts below: Subscribe to our YouTube channel: CPA On Fire Like our Facebook...

ARE MY TRAVEL EXPENSES TAX DEDUCTIBLE?

ARE MY TRAVEL EXPENSES TAX DEDUCTIBLE?

We are often asked by our clients if their travel expenses are tax deductible. Can my vacation be considered a business trip? What expenses can I deduct when I am traveling for business away from home? What records do I need to keep? All of these questions are...

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