If you are a small business owner who owes back taxes, you might feel quite overwhelmed. You may be avoiding the IRS or hoping they won’t notice. Rest assured, even if they leave you be for a while, eventually, they
This time of year, small businesses are concerned about their taxes. Spring can be a time of great anxiety when you own a business because taxes are complicated. If you are a small business owner who is feeling a sense
If you are considering getting an extension to file your taxes, it isn’t complicated, and for some small business owners, it makes sense. However, there are downsides to this arrangement, so it’s best to make this decision as thoughtfully as
Many business owners wonder whether or not they can deduct the cost of food and drink when meeting with clients or traveling for business. The answer is yes, you can deduct business-related meals; however, it isn’t as simple as that.
Taxes can be complicated, especially if you’re a small business owner. Unfortunately, many self-employed individuals end up not claiming deductions that could significantly reduce their tax bill. One area that is particularly confusing for many small business owners is mileage.
At BASC Expertise, we have provided small business accounting services in Gilbert since 2001. Because of our many years of experience, we are familiar with all the ins and outs of running a small business. To ensure the success of
Mileage Tracking for Tax Deduction Every business owner, no matter how small, must keep good records. But whether it’s tracking of mileage for tax deduction, documenting expenses, or separating personal from business use, keeping up with paperwork is a seemingly
Withholding Tax AZ Tax withholding in AZ can be complicated, and with the passage of the Tax Cuts and Jobs Act (TCJA) legislation. It’s even more so since a number of tax provisions have changed. As such, it’s important to
Do you need to renew your ITINs in AZ? Under the Protecting Americans from Tax Hikes (PATH) Act. Individual Taxpayer Identification Numbers (ITINs) that have not been used on a federal tax return. For at least once in the last
Though it’s never too late to start saving for Retirement AZ. The sooner you begin saving, the more time your money has to grow. Gains each year build on the prior year’s gains–that’s the power of compounding–and the best way
