13 May

TaxPro Posted in Business Formation No comments

Is an LLC a corporation? What is the difference?

Is an LLC a corporation? What is the difference? LLC is a limited liability company. Corporation can be either a C Corporation or a Sub-chapter S Corporation. Both LLCs and Corporations are legal entity structures. They provide limited liability protection and protect the owners/shareholders from being personally liable to business debts. The main differences betweenRead more about Is an LLC a corporation? What is the difference?[…]

13 May

TaxPro Posted in Tax No comments

IRS where’s my refund

IRS where’s my refund Are your IRS refunds getting delayed? Below is the link to access and retrieve your refund information : IRS where’s my refund

06 May

TaxPro Posted in Business Formation No comments

Which is the best tax business entity structure for your eCommerce business?

Which is the best tax business entity structure for your eCommerce business? With the new changes in the tax law, there are many options available for eCommerce business. It may be quite confusing trying to understand the advantages and disadvantages of various forms of tax business structures. Below are the most common tax businessRead more about Which is the best tax business entity structure for your eCommerce business?[…]

06 May

TaxPro Posted in Tax No comments

How to write off bitcoin losses on your tax returns?

How to write off bitcoin losses on your tax returns? Have you incurred losses with your bitcoin transactions? The IRS has made it mandatory to track all bitcoin transactions irrespective of value. Therefore all individual taxpayers are required to keep track of buying/selling of bitcoins even if it relates to purchasing goods or servicesRead more about How to write off bitcoin losses on your tax returns?[…]

28 Apr

TaxPro Posted in Tax No comments

How to register your business?

Are you searching ‘ how do I register business name’? This is one of the most frequently asked questions that new business owners have. The following are the basic steps to registering your business or trade name. Register your business name: If you choose to name your business other than your own name, then DBARead more about How to register your business?[…]

28 Apr

TaxPro Posted in Tax No comments

How are Virtual Currencies/ Bitcoins taxed?

Virtual Currencies/Bitcoins are treated as property by the Internal Revenue Service for US Federal taxation purposes. When you buy or sell virtual currencies there are tax implications. All the basic tax principles that may apply to property transactions apply to transactions relating to virtual currencies like bitcoins. The following are the basic rules relating to virtualRead more about How are Virtual Currencies/ Bitcoins taxed?[…]

20 Apr

TaxPro Posted in Tax No comments

Tax calculator -income tax withholding

Tax calculator -income tax withholding W4 form 2018 is a very important tax year because of the changes in the new tax law. One of the most important forms for employees to revisit is the W4 form. The W4 form is the form that is used to calculate the tax withholding for employees. You mayRead more about Tax calculator -income tax withholding[…]

16 Apr

TaxPro Posted in Tax No comments

Not done with tax filing yet? Here’what you can do…

Not done with tax filing yet? Here’what you can do… April 17th is the tax deadline for individual tax filers and C Corporations . If you are still not done with tax filing, there is no need to panic. Here is a quick step by step guide to managing your taxes at this time… EstimateRead more about Not done with tax filing yet? Here’what you can do…[…]

08 Apr

TaxPro Posted in Tax No comments

Can I claim my car payment as a business expense?

Can I claim my car payment as a business expense? As a business owner, you may be using the car for both business and personal use. To figure out the amount of deductible expense there are two primary methods that are permitted by the Internal Revenue Service (IRS). You can choose the method that isRead more about Can I claim my car payment as a business expense?[…]

07 Apr

TaxPro Posted in Tax No comments

10 Smart Ways to use your Tax Refunds

10 Smart Ways to use your Tax Refunds Are you expecting a big tax refund this tax season? Before spending all of it, here are 10 smart ways to make the best use of your Tax Refunds. Pay down your debt: Every penny counts. Whether you have a student loan or home loan, itRead more about 10 Smart Ways to use your Tax Refunds[…]