by Christian Linscott | Jun 29, 2020 | Uncategorized
The Supreme Court denied to hear the petition issued by Altera Corp, now owned by Intel, on Monday regarding the now infamous Altera case. This case rolls back into effect the 2003 IRS regulation on corporate stock based compensation. With this decision tech giants...
Read more
by Christian Linscott | Jun 16, 2020 | Accounting, Business and Finance, Business Tax
The assets that are a part of your business have a significant impact on your taxes. Depending on whether the type of asset is ‘tangible’ or ‘intangible’ , there are different ways to account for the “use” of your assets, often referred to as amortization and...
Read more
by Christian Linscott | Apr 7, 2020 | Business and Finance, Business Tax, filing taxes, Income Tax
The coronavirus has had an impact on nearly every aspect of our lives. Social distancing has put a lot of strain on small businesses, and many people are no longer able to work, which is having a huge impact on our economy. Due to the massive scale of the coronavirus...
Read more
by Christian Linscott | Jan 23, 2020 | Accounting, Business and Finance, Business Tax, filing taxes
As a small business you know that your taxes do not begin and end with tax season. If you are self-employed or own your own business your tax responsibilities do not end with filing your income tax return by April 15. There are several other tax deadlines you must pay...
Read more
by Christian Linscott | Jan 20, 2020 | Accounting, Business and Finance, Business Tax, filing taxes, Income Tax, IRS
With tax season underway, people are busy gathering their financial information and necessary tax documents. This is a good time of year to brush up on any changes to the tax code, since some changes that were pushed through are material. While the Tax Cuts and Jobs...
Read more
by Christian Linscott | Dec 17, 2019 | Business and Finance, Business Tax, Income Tax
The holidays are in full swing, which means holiday parties, gift exchanges, and traveling. All of which can provide some extra tax deductions. Business expenses that are deemed ordinary and necessary, are tax deductible. Which means that spreading a little holiday...
Read more
by Christian Linscott | Dec 6, 2019 | Accounting, Business and Finance, Business Tax, Income Tax
The Holidays are quickly approaching, and with that the end of the year is right around the corner, and then the start of tax season! Here we have some important end of year tax tips to help you save time and money on your taxes. With tax season quickly approaching,...
Read more
by Christian Linscott | Nov 14, 2019 | Accounting, Business and Finance, Business Tax
When it comes to saving money on your taxes, every little bit helps right? One of the best ways to save money on your taxes is through maximizing and tracking deductions. Since deductions work to lower your taxable income, and therefore can help lower the amount you...
Read more
by Christian Linscott | Oct 22, 2019 | Online Business, Online Marketers
Don’t you just love taxes? We are pretty sure nobody loves taxes, well maybe we do, but then again taxes are our bread and butter. Not only do you have to hand over a portion of your hard earned income to the IRS, but they don’t make the code easy to understand...
Read more
by Christian Linscott | Sep 25, 2019 | Business and Finance, Business Tax, filing taxes, Income Tax
Taxes are complicated for many taxpayers. It doesn’t help that new laws are being written on a regular basis, and that the tax code is constantly changing and evolving. You want to be in compliance to avoid unnecessary issues with the IRS, which means naturally you...
Read more
