How to start tracking your business expenses for DIY
If you cant afford a bookkeeper or accountant yet, this video is for you. Dr.Davis will properly show you how to track and record your business expenses to prepare for tax time.
SBA Emergency Relief Funds
Am I eligible? What do I need to apply? When will the funds arrive? This quick 10 min video slideshow explains the different SBA relief lending options available.
Understanding your w4 and why going “exempt” isnt for everyone.
If you work in America, you are required to pay taxes. Its the law. You may not like it, but its a requirement that all income that is made has to be reported to the IRS yearly. That income is also taxed. A W-4 form
3 Major Tax Mistakes that could cost business owners big dollars!!!!!!!
Many business owners skip tax planning. Normally they don’t sit down and have a simple conversation with their accountant or financial advisor about the upcoming tax season. In some cases, business owners try the DIY route and end up losing more money by doing this
How the government shutdown can effect your tax refund
Let’s talk about how the government shutdown will affect your refunds. When the Government shutdown took effect the Internal Revenue Service is an agency that has limited funding. The U.S. tax collector has been operating with about 1 in 8 employees under the shutdown plan
IRS Will Pay Tax Refunds During The Shutdown
In previous shutdowns, IRS was barred from issuing refunds.The Internal Revenue Service announced today that they will issue refunds to taxpayers even if the U.S. government shutdown extends into the filing season. In previous shutdown contingency plans, the IRS would accept tax returns during the
Taxes Done, Refund Received, You receive an additional W2, What now?
So Let’s talk Amended Taxes. A 1040x is an amended tax return form. This form is used when you have completed your tax return for the year and you have incorrect or additional information for a specific tax year. The IRS treats the Original return
Natural Disaster Tax Deductions
Natural disasters can be financially and emotionally hard. The IRS allows certain expenses related to your property damage to be filed. In the form of a tax deduction, the IRS allows you to claim the property that you lost on your income taxes. You must
Protect your credit and identity
143 million Equifax files have been hacked. This is how you check to see if you are affected and how to prevent any unauthorized use: 1. There is a link on the Equifax website that will provide you the information on if you have been
IRS Reports over $1.1 Billion in unclaimed Tax Refunds
This is why I advise DIY-ers to be extremely careful when filing your income taxes. On March 9,2018 The Internal Revenue Service (IRS) announced that more than $1.1 billion in outstanding refunds remain unclaimed from 2014. Yes, billion. This means one of two things. [1]