As an employee, it’s important to stay on top of all the tax deductions available to you. Knowing what can be deducted and how will help you maximize your returns and reduce your taxes throughout the year. So, Edgewater CPA Group breaks down the various types of tax deductions employees can take and how they can utilize them.
As a small business owner, you’re probably always looking for ways to save money. One of the best ways to do this is by reducing your tax bill. Many tax deductions and credits are available to small businesses, and Edgewater CPA Group can help you navigate it all. So, let’s discuss five of the best ways to save on your small business taxes.
Are you looking for ways to keep more of your hard-earned money as a small business owner? One of the best ways you can do so is by reducing your taxable income. Other than keeping track of all your expenses and writing off things where you can, Edgewater CPA Group can help you find other ways to reduce your tax bill. Through our strategic accounting services and these little-known ways to reduce your taxable income, you can save some cold hard cash.
If you filed an extension for 2020 business taxes, you probably just closed the door and breathed a sigh of relief. However, 2021 is nearing the end, and tax time will be here again before you know it. If you find yourself and your business in a reactive state, it may be time to try something new. For that reason, Edgewater CPA Group reveals how to take a proactive approach to business taxes and bookkeeping.
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.