July 5, 2018

On December 22, 2017, President Donald Trump signed the Tax Cuts and Jobs Act. These set of the laws will affect every American household and business starting January 1st, 2018.

Here are 7 changes in the tax law that could affect you:

1. Standard Deduction
The standard...

June 15, 2018

The popularity of share riding services increases every day as well as the need for drivers. Uber and Lyft drivers are considered self-employed and at the end of the year receive 1099 from its employer. As Uber/Lift driver you have 2 methods for deducting driving expen...

December 8, 2017

Many of the small business owners would love to take precautionary steps to avoid tax audit rather than living in fear all the time. There are several reasons why IRS can audit one company instead of another one. Some of them are more complicated than you think, some o...

November 17, 2017

Being an entrepreneur requires a lot of time and dedication. Most of the small business owners wear several hats. CEO, manager, employee, computer tech ... the list goes on. Sometimes you become overwhelmed with secondary tasks rather than spending time with your clien...

November 10, 2017

Every year the government of the United States makes changes to the tax laws. At the end of 2016, Congress of the United States cut off some of the credits and deductions.  Here is what can affect your 2017 tax return:

1. Mortgage Insurance Premium Deduction

Mortgage Ins...

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