Business Tax Strategy Archives - Page 3 of 3

COVID-19 and Telecommuting Tax Implications for Business Owners

October 28, 2021 | Business Tax Strategy

COVID-19 changed the way we do business. The pandemic catalyzed remote work and telecommuting. As a result, many companies shifted toward a more permanent mobile workforce. While employees relish the change, the telecommuting tax implications for business owners create an ambiguous landscape. To that end, Edgewater CPA Group hopes to provide a high-level understanding for local business owners in Fishers, Indianapolis, and the surrounding area.

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What Businesses Need to Know About Taxes for Fourth Quarter 2021

October 14, 2021 | Bookkeeping Services

Do you know the saying, “Time keeps marching on?” As time marches, so do taxes. On the one hand, business owners can count on certain filing dates and tax requirements. On the other, businesses continue to face uncertainty as Congress continues to debate budget issues with huge tax implications. In this article, Edgewater CPA Group covers what businesses need to know about taxes for the fourth quarter of 2021, and what may be on the horizon.

Can I Claim Tax Deductions for Remote Work? (Part 2)

September 18, 2021 | Business Tax Strategy

In our last blog, we reviewed who qualifies for tax deductions for remote work. Specifically, we identified that since 2018, only self-employed individuals could claim a home office deduction. In part two of this series, we’ll unravel how to calculate the deduction, report it, and what additional deductions may apply. As always, Edgewater CPA Group stands ready at the helm to assist you with all your financial, tax, and accounting needs.

Can I Claim Tax Deductions for Remote Work? (Part One)

September 4, 2021 | Business Tax Strategy

Some people work remotely either as 1099 contractors or W-2 employees. Some self-employed individuals use part of their home as their office. Still, others work remotely due to pandemic restrictions. Can taxpayers claim tax deductions for remote work in each of these scenarios? Unfortunately, no. Edgewater CPA Group provides bookkeeping, tax preparation, and other financial services for individuals and businesses that share this question. For this reason, we review the subject in a two-part blog series.

Try Business Bundling for Accounting, Tax, and Payroll Services

August 3, 2021 | Bookkeeping Services

Businesses constantly search for ways to streamline processes and cut costs. Every business charges money for a product or service. This means they must also pay employees, report revenue, track expenses, and pay taxes. All of these tasks require expertise and time, which is why outsourcing them as a package makes sense. Fortunately, Edgewater CPA Group offers business bundling for accounting, tax, and payroll services (and more).

Why Investing in Hamilton County Suburban Cities Makes Sense

July 14, 2021 | Bookkeeping Services

Several Hamilton County cities enjoy top-rank placement as the best cities to live in the entire U.S. In fact, numerous publications, including Money.com and Wall Street Journal, repeatedly include our cities in their annual lists. Of course, you could argue that Carmel using tax incremental financing (TIF funds) to drive successful growth contributes to its ranking. Moreover, Carmel provides a successful model for other cities in the county, state, and country. In this post, Edgewater CPA Group reviews how TIF funds boost private investing in Hamilton County suburban cities.