Blog
Section 1202 Exclusion Example
Section 1202 Exclusion Example: What You Need to Know The Section 1202 exclusion example is a provision in the new tax law that allows businesses
Start Up Tax Exemption
10 Questions to Ask Your Accountant About Start Up Tax Exemption Start up tax exemptions is a great way to help new businesses get started.
1202 Regulations
Don’t Break the Law: Comply with 1202 Regulations As a small business owner, you are responsible for complying with all laws and regulations, including 1202.
Small Startup Company Stocks
What to Watch Out for When Investing in Small Startup Company Stocks When investing in stocks, it’s important to do your research first. You want
1202 Stock Requirements
The Basics of 1202 Stock Requirements for a Small Business A 1202 stock requirement is a way of ensuring that your small business has the
1202 IRC
1202 IRC for Small Business: What is It and How can I Use It? Small businesses can use 1202 IRC to reduce their income tax
1202 Tax Code
The Pros and Cons of the 1202 Tax Code for Small Businesses The 1202 tax code offers small businesses a way to avoid some taxes
QSBS Eligibility
What Small Businesses Need to Know about QSBS Eligibility In this article we’ll discus about the QSBS eligibility criteria. Small businesses can take advantage of
Small Business Stock 1202
Small Business Stock 1202: The Pros and Cons Small business stock 1202 is a great opportunity for entrepreneurs who are looking to get their businesses
QSBS Gain Exclusion
QSBS Gain Exclusion: The Benefits Qualified small business stock (QSBS) gain exclusion allows shareholders of qualified small businesses to exclude 100% of the gain on
Section 1202 Capital Gains Exclusion
Section 1202 Capital Gains Exclusion: What You Need To Know Section 1202 of the tax code allows for a capital gains exclusion on qualified small
Qualified Small Business Stock IRS
10 Things to Know About Qualified Small Business Stock IRS When it comes to small businesses, the Internal Revenue Service offers a few tax breaks
QSBS Meaning
QSBS Meaning: Everything You Need to Know In this article we’ll discuss what are QSBS meaning. QSBS stands for qualified small business specialist and refers
Qualified Small Business Stock Exemption
How can I Take Advantage of the Qualified Small Business Stock Exemption? The qualified small business stock exemption is a valuable tax break that allows
QSBS Tax Changes
What do You Need to Know About the New QSBS Tax Changes? The new law, which goes into effect on January 1, 2019, allows business
QSBS Changes
How will the New QSBS Changes Impact my Business? Small business owners have a lot to gain from the new Qualified Small Business Stock QSBS
Tax Code 1202
What is Tax Code 1202? The tax code 1202 is a complex and often confusing document. It can be difficult to know which section of
Qualifying Small Business Stock
Tips for Qualifying Small Business Stock Qualifying for small business stock can be a great way for entrepreneurs to get started in the stock market.
QSBS Stacking
What is QSBS Stacking and How can it Help my Business? Small business owners can benefit from understanding QSBS stacking, a process that helps businesses
IRS Code 1202
What You Need to Know about IRS Code 1202 Did you know that there is a section of the IRS tax code that can help
Qualified Small Business Stocks
What You Need to Know about Qualified Small Business Stocks Small businesses are the backbone of the American economy. They account for more than half
Section 1202 Gain Exclusion
What are the Benefits of the Section 1202 Gain Exclusion? The section 1202 gain exclusion is a provision of the Internal Revenue Code that allows
What is Qualified Small Business Stock
What is Qualified Small Business Stock and How to Invest in It? Small businesses are the backbone of the American economy, accounting for more than
1202 Qualified Small Business Stock
How to Claim 1202 Qualified Small Business Stock As a small business owner, you may be wondering if you’re eligible to claim 1202 qualified small
Qualified Small Business Stock Requirements
What are the Qualified Small Business Stock Requirements? Small businesses are the backbone of the American economy. According to the U.S. Small Business Administration, there
SEC 1202
What is SEC 1202 and Why should You Invest in It? Investors are always looking for new and innovative ways to grow their portfolios and
Small Business Tax Exemption
How to File for a Small Business Tax Exemption If you’re a small business owner, you may be wondering if you’re eligible for a tax
Small Business Stock
Tips for Making a Successful Investment in Small Business Stock In recent years, there has been a resurgence in the number of people investing in
Section 1202 Stock Rules
Section 1202 Stock Rules for Beginners Making money through stock trading can be a daunting task. It’s important to have a set of guidelines to
1202 Exclusion
5 Things You Need to do to Qualify for the Section 1202 Exclusion Qualified small business stock, or QSBS, is a type of security that
Small Business Qualified Stock
How to Take Advantage of a Small Business Qualified Stock Small business qualified stock is a type of security that offers tax benefits to the
QSB Stock
10 Benefits of Investing in Qualified Small Business QSB Stock There are many benefits to investing in qualified small business qbs stock. When you invest
QSBS Tax
Why the Qualified Small Business Stock QSBS Tax Provision is Important Small businesses are the backbone of the American economy, and the Qualified Small Business
Section 1202 Exclusion
What You Need to Know about the Section 1202 Exclusion As 2017 comes to a close, it’s important to be aware of the tax provisions
QSBS Treatment
The New Qualified Small Business Stock QSBS Treatment Small businesses are the backbone of the American economy, and they are responsible for creating the majority
Section 1202 Stock
What is Section 1202 Stock and How can it help my Business? Section 1202 stock is a type of stock that is available to startups
QSBS Stock
11 Reasons to Invest in QSBS Stock Small businesses are the backbone of our economy. They create jobs, drive innovation, and support our communities. When
Qualified Small Business Stock Gain Exclusion
What Qualifies as a “Small Business” for the Qualified Small Business Stock Gain Exclusion? Small businesses are the backbone of the American economy. According to
QSBS Rules
The 5 Most Important QSBS Rules In order to get the most out of QSBS, it is important to understand and follow the 5 most
QSB: How to Qualify to Start a Small Business
QSB: How to Qualify to Start a Small Business According to the Small Business Administration, small businesses account for more than half of all jobs
QSBS Tax Treatment
How to Qualify for the QSBS Tax Treatment The Qualified Small Business Stock QSBS tax treatment offers investors a 100% exclusion from federal capital gains
IRC 1202
IRC 1202: The 5 Most Important Provisions of the Internal Revenue Code The IRC 1202 is the vast and complex set of laws that govern
What is QSBS Exemption?
What is QSBS Exemption? In this article we’ll explore what is QSBS exemption? The qualified small business stock exemption is a provision of the tax
Qualified Small Business Stock
Qualified Small Business Stock Qualified small business stock is a type of investment that allows you to invest in a small company without having to
What is QSBS?
What is QSBS? How Qualified Small Business Stock can Benefit You? Small businesses are the backbone of the American economy, and they are responsible for
Dirty Dozen Tax Scams for 2022
The “Dirty Dozen” is a list of common tax scams that target taxpayers. Compiled and issued annually by the IRS, it includes a number of
Do You Need to File an Amended Return?
If you discover a mistake on your tax return after you’ve already filed it, don’t panic. In most cases, all you have to do is
Reverse Mortgages: What To Know
Home equity represents a significant portion of the average retiree’s wealth. If you’re 62 or older and house-rich but cash-poor, a reverse mortgage loan allows
Deducting Business-related Car Expenses
If you’re self-employed and use your car for business, you can deduct certain business-related car expenses. The first thing small business owners need to know
Creating Items and Jobs in Quickbooks, Part 1
Before QuickBooks came along, tracking jobs or projects for your business probably involved file folders and paper invoices and bank statements and lots of sticky
The Difference Between a Hobby and a Business
A hobby is any activity that a person pursues because they enjoy it and with no intention of making a profit. In contrast, people operate
What Teen Entrepreneurs Should Know About Taxes
Teens and young adults often go into business for themselves over the summer or after school. This work can include babysitting, lawn mowing, dog walking,
Standard Mileage Rates Increase for Remainder of 2022
The optional standard mileage rate, which taxpayers may use to calculate the deductible costs of operating an automobile for business and certain other purposes, increases
Summer Activities That Could Affect Your Tax Situation
Although the tax return filing deadline has come and gone, it’s never too early to start planning for next year’s tax return. With that in
New Pricing Structure, System Requirements for 2022
Sometimes, deciding that you need to upgrade a piece of software is easy. Either a newer version has features you need that your current product
Preparing for Hurricanes and Other Natural Disasters
The Atlantic hurricane season officially begins on June 1, and now is a good time for individuals, organizations, and businesses to make or update their
HSA Limits Increase Significantly for 2023
Contributions to a Health Savings Account (HSA) are used to pay the account owner’s current or future medical expenses, their spouse, and any qualified dependent
Common Small Business Budgeting Errors to Avoid
When creating a budget, it’s essential to estimate your spending as realistically as possible. Here are five budget-related errors commonly made by small businesses and
Tips to Help You Get Started Saving for Retirement
It’s never too late to start saving for retirement, but the sooner you begin, the more time your money has to grow. That’s because gains
Estimated Tax Payments: The Facts
Estimated tax is the method used to pay tax on income that is not subject to withholding, including income from self-employment, interest, dividends, alimony, rent,
What To Know About Tax-related Identity Theft
Tax-related identity theft occurs when someone uses a taxpayer’s stolen SSN to file a tax return claiming a fraudulent refund. In the vast majority of
Is Your College Student’s Scholarship Taxable?
May 1st is the traditional deadline for undergraduate students to commit to their college of choice, which means tuition payments are not far behind. If
Now Is the Time To Check Your Federal Tax Withholding
Now that tax season is over, it’s time to get the new tax year off to a good start by checking your federal income tax
How Do You Manage Vendors in Quickbooks?
If you buy and resell products or need to purchase materials to create your own items, good management of your company’s vendor records is critical.
Tax Return Tips for Last-minute Filers
When it comes to working on your taxes, earlier is better, but many people find preparing their tax return stressful and frustrating and wait until
Cash Management Tips for Your Small Business
Cash flow is the lifeblood of every small business but many business owners underestimate just how vital managing cash flow is to their business’s success.
File on Time Even if You Can’t Pay
Generally, taxpayers should file their tax returns by the deadline even if they cannot pay the total amount due, but if you can’t, there are
What To Do if You’re Missing Important Tax Documents
As the April 18th tax deadline quickly approaches, last-minute tax filers should make sure they have all their documents before filing a tax return. You
Memorized, Commented, and Scheduled Reports
QuickBooks reports are your reward for conscientiously tracking your business income and expenses. Rather than scanning through lists of customer invoices to see which ones
What To Know About the Gig Economy and Your Taxes
The gig economy, also called sharing or access economy, is defined by activities where taxpayers earn income providing on-demand work, services, or goods. This type
Tax Breaks for Taxpayers Who Itemize
Many taxpayers opt for the standard deduction, but sometimes itemizing your deductions is the better choice – often resulting in a lower tax bill. Whether
There’s Still Time To Make an IRA Contribution for 2021
If you haven’t contributed funds to an Individual Retirement Account (IRA) for tax year 2021, or if you’ve put in less than the maximum allowed,
The Facts: Taxable vs. Nontaxable Income
Are you wondering if there’s a hard and fast rule about what income is taxable and what income is not taxable? The quick answer is
Bundling Items in Quickbooks? Build Assemblies
Some things naturally go together. For example, if you manage a fast-food restaurant, you probably sell similar combinations frequently, like a double cheeseburger, fries, and
Three Tips for Getting an Accurate Business Valuation
If you’re conscientious about financial reporting, you may already have a sense of your company’s worth, but in some instances, you might need a formal
What’s New for IRS Form 1040 This Year
If you’ve gathered your tax documents and are ready to tackle your tax return, there’s one more step you should take: becoming familiar with what’s
Non-Profits: Electronic Filing of Form 1024
Starting January 3, 2022, nonprofit organizations applying for recognition of exemption must submit Form 1024, Application for Recognition of Exemption Under Section 501(a) or Section
What is IRS Letter 6419?
Taxpayers should have started receiving IRS Letter 6419, 2021 advance CTC, in January. The advance child tax credit payments letter helps taxpayers get the remainder
Should You Be Using Quickbooks’ Custom Fields?
QuickBooks does not include custom field creation in the Basic Customization and Additional Customization windows, although your new fields will appear in the Additional Customization
Tax Planning vs. Tax Preparation: What is the Difference?
Many people assume tax planning is the same as tax preparation, but the two are quite different. Let’s take a closer look: What is Tax
Reminder: Identity Protection PIN Available To Taxpayers
Starting in January 2021, the IRS Identity Protection PIN Opt-In Program expanded to include all taxpayers who can properly verify their identity. Previously, IP PINs
Tax Credits for Accommodating Disabled Workers
Businesses that make structural adaptations or other accommodations for employees or customers with disabilities may be eligible for tax credits and deductions. Let’s take a
Why Using the Correct Filing Status Matters
As taxpayers get ready for the upcoming filing season, one needs to know their correct filing status. A taxpayer’s filing status defines the type of
What To Know About Keeping Good Tax Records
It’s January and tax season is right around the corner. For many people that means scrambling to collect receipts, mileage logs, and other tax-related documents