Does your rental property activity meet the definition of a trade or business activity? If yes, your rentals produce the best possible tax benefits. BASC Expertise small business accounting Gilbert can guide you. In general, you report your rental properties
Earlier is better when it comes to working on your taxes but many people find preparing their tax return to be stressful and frustrating. Fortunately, it doesn’t have to be. Here are six tips for a stress-free tax season. BASC
Form W-2 You should receive a Form W-2, Wage and Tax Statement, from each of your employers for use in preparing your federal tax return. Employers must furnish this record of 2017 earnings and withheld taxes no later than January
The office-in-the-home deduction produces good-to-excellent cash benefits when it eliminates commuting mileage. That’s the result you achieve when you claim an administrative office in your home. BASC Expertise small business accounting Mesa can guide you. To qualify for the home-office
Tax reform created a new 20 percent tax deduction for select pass-through entities. Will your business operation create the 20 percent tax deduction for you? BASC Expertise business accounting Mesa can help. If not, and if that is due to
The Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 (Surface Transportation Act) changed the date by which a partnership, real estate mortgage investment conduits (REMICs), or other entity must file its annual return. For calendar year filers,
BASC Expertise a small business tax filing Mesa can help you through the changes. Beginning on January 1, 2018, the standard mileage rates for the use of a car, van, pickup or panel truck are: 54.5 cents for every mile
Tax reform did much damage to tax deductions for business entertainment and meal expenses. BASC Expertise small business accounting Gilbert can guide you. But meals served at business presentations survived the entertainment and prospect and client meal bloodletting. And not
You likely know that tax reform did away with business tax deductions for prospect and client golf. BASC Expertise small business tax filing Gilbert can guide you. But did you know that charity golf is gone too? Buried in tax
You likely have heard conflicting information on the deductibility of business meals with clients and prospects. BASC Expertise small business tax filing Mesa can guide you. BASC Expertise small business tax filing Mesa has spent time researching this issue, and
