Unlike your usual accountant, a tax attorney is laser-focused on defending your rights during an audit. Keep in mind that your Audit Defense membership applies to that year’s membership individually. So, if you had Audit Defense for your 2019 return, you’d be covered for that year if you were audited in, say, 2022. You’d have …
IRS Form 5498-SA is a document used to report information related to contributions, distributions, and the fair market value (FMV) of assets held in a Health Savings Account (HSA). The form is typically provided by the HSA trustee or custodian to the account holder and the IRS. When it comes to managing your finances, it’s …
By recording each customer’s credit sales in the journal, businesses can easily see who owes them money and how much. By using a invoice receipt maker, businesses, businesses can save time and effort while ensuring that their credit sales are accurately recorded and communicated to customers. As we can see from the journal entries above, …
If the prize issuer offers cash to take care of the taxes, you’ll be taxed on that gift, as well. There are pros and cons to each option, so it’s important to research carefully before making a decision. For tax purposes, though, an annuity could keep you in a lower tax bracket each year, resulting …
Lottery Winnings Tax Calculator 2025 Federal & State Tax Estimator Read More »
A bookkeeping certification is a professional accreditation you can earn to verify the knowledge you’ve gained and professional bookkeeper the skills you’ve developed around bookkeeping. It often involves completing a bookkeeping-intensive curriculum and may also require passing an exam and continuing to take ongoing courses to keep relevant skills sharp. Also, NACPB allows certification candidates …
Services American Institute of Professional Bookkeepers Read More »
Form W-4 includes three types of information that your employer will use to figure your withholding. There are a number of things you need to know as a potential taxpaying, hard-working individual. As an employee, your paycheck and paycheck statement should look something like the examples above. An explanation of the amounts taken out of …
California State Income Tax Rates and Brackets 2024-2025 Read More »
Levon Kokhlikyan is a Finance Manager and accountant with 18 years of experience in managerial accounting and consolidations. He has a proven track record of success in cost accounting, analyzing financial data, and implementing effective processes. He holds an ACCA accreditation and a bachelor’s degree in social science from Yerevan State University. You would need …
What is Cost of Sales? Definition, Formula, & Examples Read More »
Wave Accounting is a cost-effective solution for small eBay businesses. Aside from eBay, Xero integrates with 800+ business applications, including PayPal. Besides the mobile app, Shoeboxed offers a mail-in receipt scanning service that’s unique only to Shoeboxed called the Magic Envelope. Shoeboxed’s mobile app allows you to manage your expense wherever you are. The ability to …
How to Handle eBay 1099 Taxes the Right Way in 2025 Read More »
