Filing a business return requires you to track every expense in order to get the maximum benefit on your return. And while keeping a spreadsheet or tracking those expenses in QuickBooks is highly recommended, this data must be accompanied by an accurate paper trail if...
Tax season is a busy time for accountants, but we’re not the only ones who are often working overtime at this time of year. Scammers and identity thieves often put in a lot of extra effort during tax season, attempting to get ahold or your...
The work you do for your business is not always done in the office. In fact, a great deal of the work you do will be in other locations as you network with other business owners, visit customers’ offices, and meet with suppliers. The miles...
Charitable contributions are a major part of most of our clients’ taxes here at The Accounting Guys. Many people seem to think that any donation given to any person or organization can be listed on your tax return. And while any donation is certainly a...
Small businesses can fall under many different designations, each with its own set of laws, regulations, and tax liabilities. While the designation you choose for your small business may depend on a number of factors, at The Accounting Guys, we often recommend that small-business owners...
Qualifying deductions for your business expenses are changing for 2018 and future tax years. Do you know what entertainment expenses are still deductible? This blog will address the meals and entertainment expense for business tax deductions, explaining the changes between 2017 and 2018 tax returns....
Your business’s growth often depends on ongoing research and development—for product improvements, new products or services, correction of any issues with products, and so on. This type of research is essential to many companies, and it comes at an expense. But too few small-business owners...
With the recent Republican tax act being signed into law, there will be some dramatic changes to tax laws and tax brackets going into effect this year. Do you know what bracket you will fall in, and what your new tax rate will be? This...
January is at a close, and tax filing season is officially under way. To avoid late filing fees and late payment fees, it’s important that you know what your filing deadlines are for this year. Here is a brief overview of which deadlines apply to...
You’ve likely started receiving your tax forms and may be wondering when you can file your tax return. The below article will outline important dates regarding receiving refunds and filing taxes in Provo and throughout Utah. E-Filing Begins January 29 Your accountant can e-file your taxes as...
