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Tax

A Comprehensive Guide to Tax Filing for Insurance Agents
By Micah Cannon on April 22, 2024

Tax time can be daunting, especially for insurance agents juggling various income sources and deductions. Tax filing is about reporting what you earn and making the most of deductions to...

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Tax Industry News

The New Year Brings a New Reporting Requirement for Businesses
By Louisa Else, CPA on January 9, 2024

As we step into 2024, business owners face a new compliance obligation - the Beneficial Ownership Information (BOI) report. This requirement stems from the Corporate Transparency Act,...

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Tax Industry News

BREAKING NEWS: IRS Announces New Options for ERC Recipients
By Louisa Else, CPA on December 22, 2023

That sound you heard yesterday was the sigh of relief from tax professionals everywhere when the IRS announced their latest update on the Employee Retention Tax Credit (ERC or ERTC) as...

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Tax

11 Top Tax Deductions for Small Businesses
By Club Capital on September 1, 2022

When you're running a small business, every dollar counts. It's always a good idea to pay close attention to the deductions you can take on your tax return. As a small business owner, you...

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Tax

How to Write Off Your Vacation as a Small Business Owner
By Club Capital on August 4, 2022

Taking a vacation is one of the best things you can do for yourself. It’s a chance to get away from the usual routine and unwind, plus it’s often an opportunity to recharge and rejuvenate...

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Tax

Section 179 Tax Deduction For Writing Off Your Vehicle
By Club Capital on July 28, 2022

Are you thinking about purchasing a vehicle for your business? If so, the IRS Section 179 deduction might be able to help. Here are four things you need to know about Section 179 and how it...

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Tax

A Simple Guide to Home Office Tax Deductions
By Club Capital on June 16, 2022

For many people, working from home isn't a choice but a necessity. Fortunately, if you're self-employed and have a home office (and you meet certain requirements), there are deductions that...

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Tax

Do You Owe Taxes on Credit Card Rewards as a Small Business
By Club Capital on June 9, 2022

If you're a business owner, I'm guessing that you and your staff regularly receive credit card rewards. But have you ever wondered if these rewards are taxable? The answer to this question...

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Tax

How Sole Proprietorships Are Taxed: Ultimate Guide
By Club Capital on May 12, 2022

As a sole proprietor, you are in charge of the day-to-day operations, from paying the bills to making sales calls. You are also responsible for paying taxes on your earnings and any other...

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