Small Business Income Tax Preparation – Guide to File Schedule Form C

The information provided in this article is for small business owners filing income tax returns on Schedule C with their personal tax return (Form 1040). It includes sole proprietors and single-member LLC, owners. Preparing and filing taxes is an overwhelming task. Many small business owners struggle to understand how their tax liability is determined. They […]

Self Employment Tax Deductions – Benefits of Being Self Employed

Paying taxes is overwhelming and a cumbersome task. If you are self-employed, then tax filing gets even more complicated. Fortunately, there are a number of self-employment tax deductions that you can claim to reduce the amount of taxes you owe in federal income taxes. Most people are more than happy with working for other people. […]

How Is Rental Income Taxed in California?

If you are someone who owns rental property in California that has tenants who pay you rent, then it is crucial that you declare any rental income that you gain from that property. You can declare your rental income by including it in your tax return. You can also include any expenses incurred due to […]

10 Income Tax Deductions You Can Claim for Tax Year 2018

When it comes to filing taxes, you try to identify every possible tax deduction that can help you save more money or maximize your tax refund. Taxes can sometimes be very complicated. If you run a business, no matter big or small, make investments in shares/dividends or own a property, it is better to contact […]