Nov 22, 2022 | Business Taxes, Corporations, Filing Taxes, Partnerships & LLC’s, Personal Taxes, S Corporations, Small Businesses, Sole Proprietorships, Tax & Accounting Services, Tax Code, Tax Consulting, Tax Laws, Tax Planning, Tax Returns
When you own rental property, depreciation is your best friend. One reason depreciation is so valuable is that, unlike deductible rental property expenses such as interest and maintenance, you get to claim depreciation year after year without having to pay anything beyond your original investment in the property.
Nov 7, 2022 | Tax & Accounting Services, Tax Code, Tax Consulting, Tax Laws, Tax Planning, Tax Returns
Here’s a look at how to apply the $250,000 ($500,000, if married) principal residence tax break when getting married or divorced, or when converting another property into your home.
Oct 26, 2022 | Bookkeeping, Business Entities, Business Startup, Business Taxes, C Corporations, Corporations, Partnerships & LLC’s, S Corporations, Small Businesses, Sole Proprietorships, Tax & Accounting Services, Tax Code, Tax Consulting, Tax Laws, Tax Planning, Tax Returns
A business entity is an organization created by an individual or individuals to conduct business, engage in a trade, or partake in similar activities. A business’s entity type dictates both the structure and how that business is taxed. Here at Havig Tax &...
Oct 24, 2022 | Bookkeeping, Business Entities, Business Startup, Business Taxes, C Corporations, Corporations, Filing Taxes, Partnerships & LLC’s, Personal Taxes, S Corporations, Small Businesses, Sole Proprietorships, Tax & Accounting Services, Tax Code, Tax Consulting, Tax Laws, Tax Planning, Tax Returns
Your life as a small business owner is busy. Are you sure you’re getting all the credits and deductions that you’re entitled to? Here are a few examples of the deductions that small business owners often miss: Annual Meeting Expense (if your business is an...
Oct 5, 2022 | Filing Taxes, Internal Revenue Service (IRS), Personal Taxes, Small Businesses, Sole Proprietorships, Tax & Accounting Services, Tax Code, Tax Consulting, Tax Laws, Tax Planning, Tax Returns
Those who filed an extension for their personal tax returns have until 10/17/2022 to file their 2021 tax return. No need to wait until the last minute! Filing before the extension deadline can avoid a major headache in trying to squeak in before the last bell, will...
Sep 1, 2022 | Business Entities, Business Startup, Business Taxes, Corporations, Filing Taxes, Partnerships & LLC’s, S Corporations, Small Businesses, Sole Proprietorships, Tax Code, Tax Consulting, Tax Laws, Tax Planning, Tax Returns
The deadline for S Corporations to file (if you filed a six month extension back in March) is September 15th, 2022. But don’t worry, that is plenty of time to get your S Corporation tax return done! Electing to have your small business file as an S Corp is one...
