Advantage Cloud Accounting
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General Information
Locality: Kansas City, Missouri
Phone: +1 800-937-5650
Address: 425 Nichols Rd Ste 201 64112 Kansas City, MO, US
Website: www.advantagecloudaccounting.com/
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Small business, big changes. As you navigate the world of entrepreneurship, here are valuable insights for making the major shifts needed to be successful.
Tax Accounting Humor Friday
Would you say no to a big investor check? This entrepreneur did -- and it was the right decision for her business.
The IRS is making identity protection pins (IP PINs) available to taxpayers other than just those with a compromised Social Security Number (SSN).
Small Business Saturday is coming up next month! Since the day began back in 2010, it's brought in consumer spending of an estimated $103 billion. Will you be participating as a shopper, business, or both?
Wednesday Wisdom
This video will detail the important difference between tax deductions and tax credits. In general, a deduction reduces taxable income, whereas a credit reduces the tax itself. Watch to learn more.
Generally, home improvements are not deductible except to offset home gain when the home is sold. However, a medical expense deduction may be claimed for costs of medically necessary home modifications, but only to the extent that the expenses exceed any resulting increase in the property's value. To benefit, the taxpayer must itemize deductions, and the total medical expenses must exceed 10% of the taxpayer's AGI.
If your company is growing quickly, congratulations are in order. However, make sure you know how to keep the business from spinning out of control on your ride to the top.
According to this successful entrepreneur, "The odds of survival depend on how fast you can generate revenue. The key to getting to revenue fast is to do nothing else but seek it out." Here are 6 of the easiest traps to fall into and strategies to avoid them.
Running into issues with the IRS is a year-round concern. Let's discuss three of the most common tax problems for personal income & their potential solutions.
Employees should become familiar with and take advantage of the tax- and financially favored benefits offered by their employers. These perks may include tax-free health insurance coverage, matching contributions to retirement plans, tax-free education assistance, and more.
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