It’s also important to separate your business expenses from your personal expenses. And you should have a separate business bank account for your consulting work. For example, assume that a client sues your consulting firm for failing to implement an employee-training course fully. The client believes that a high rate of worker errors ...
States have varying tax residency rules, which are crucial to understand to avoid unexpected state taxes and filing requirements. Payment of any taxes you owe for the year are still due by the April deadline, however. The IRS will charge interest and sometimes late payment penalties if you don’t pay by or before then. You can file IRS ...
Contact us any time during tax season or schedule an appointment for an in-person consultation. There are several reasons it could be worth it to have an experienced professional do your taxes instead of self-filing. For example, it can help reduce the chance of you making a mistake that could land you in trouble with the IRS. And, it could ...
On the other hand, you can fully deduct “incidental” office supplies (such as pens, paper clips and post-its), regardless of how much you used. If you used five or more vehicles in your business, you must use the actual expense method. No matter which method you choose, you’ll need to keep track of how many business and ...
The tax identity theft risk assessment will be provided in January 2019. The tax identity theft risk assessment is based on various data sources and actual risk may vary beyond factors included in analysis. Starting price for simple federal return. Starting price for state returns will vary by state filed and complexity. Depreciation allows ...
Mass.gov® is a registered service mark of the Commonwealth of Massachusetts. Do not include Social Security numbers or any personal or confidential information. If you have too many shipments to look up individually, city and county tables provide rates assessed at local levels. AvaTax gives you street-level precision at the point of sale, ...