Why should I keep records? Good records will help you monitor the progress of your business, prepare your financial statements, identify sources of income, keep track of deductible expenses, keep track of your basis in property, prepare your tax returns, and support items reported on your tax returns. What kinds of records should I keep?...
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Top 10 Tax Tips from the IRS for 2024
Even with the best intentions, filing taxes often becomes an event that is put off until the very last minute. Tax laws can be confusing, leaving many unsure of what they may deduct and how they should file. However, according to the Internal Revenue Service (IRS),1 the process can be simpler than you may think....
Remember Retiring Like a Boss? Your 2024 Guide is Here!
A Quick Retirement Planning Guide Saving for retirement is essential for everyone, including small business owners and self-employed individuals. The IRS offers several retirement plan options with tax advantages that can help you and your employees build a secure financial future. This guide will provide an overview of these retirement plans for 2024 and help...