2017 Books Deductions 
Fundera
MARCH 30, 2018
You’re getting down to the wire to file your business taxes , and your tax professional has likely been hounding you to get your books into shape. ( Follow these must-know tips to make sure your books are ready so you hit the tax deadline and don’t get slapped with any fees for filing late. Step 1: Make sure your books are complete.
Fundera
FEBRUARY 16, 2018
And then as you’re doing your books, you realize that money’s probably never coming. As we go along, let’s pretend we’re working with an invoice dated 12/5/17 that is paid on 1/15/18 so we can see how it can be treated differently on our books and our tax return. Question 1: Was that invoice recorded on the your business’s books?
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Fundera
APRIL 11, 2019
During an IRS audit, the auditor will check whether an individual or business has reported taxable income, losses, expenses, and deductions in compliance with federal tax laws. According to the IRS’s 2017 Data Book , which contains statistical information about the past year’s tax returns, only 0.5% of total U.S.
Fundera
JUNE 16, 2018
In 2017, for example, American Express, Capital One, and Discover doled out a combined $12.9 …But Rewards Can Limit Your Business’s Tax Deductions. As a small business owner, you’re probably already aware that you’re eligible to claim tax deductions for eligible business expenses. billion in rewards payments!
Fundera
MARCH 17, 2017
The Protecting Americans from Tax Hikes Act of 2015 , however, bumped the deadline for filing with both employees and the government to January 31st, 2017, for both W-2 employees and contractors receiving 1099-MISC forms with compensation listed in Box 7. Make sure you don’t miss possible deductions. Look into an extension.
Due
DECEMBER 2, 2022
Elizabeth Warren, then a Harvard professor, presented the 50/30/20 rule in her 2005 book, All Your Worth: The Ultimate Lifetime Money Plan. According to The Tax Cuts and Jobs Act , enacted in 2017, homeowners who purchased their homes after Dec. And, to be fair, this may be the case on occasion.
Fundera
JANUARY 3, 2017
The QuickBooks Pro 2017 small business accounting software (the most basic version of QuickBooks Desktop) comes at a starting one-time payment price of $219.95. Here’s what you’ll get with QuickBooks Pro 2017 : Automated reports letting you know that your reports are on time and accurate based on your data. Maximize tax deductions.
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