Income Tax Preparation Online Service

Celebrating Independence and Financial Clarity ! This 4th of July, as we celebrate freedom and the spirit of entrepreneurship! TaxEasy provides an accurate, organized, and timely bookkeeping. You gain the clarity and confidence. You focus on growing your business! While you enjoy time with family and friends this holiday, rest assured that your financial records are in expert hands. Call Taxeasy for Details now 1 310-207-6230!

Your Books Are a Dog’s Breakfast? We Can Help! Running a subscription dog food biz is ruff enough—don’t let messy finances chew up your time! We help petpreneurs like you stay on top of: Recurring revenue tracking Inventory & cost of goods Profit per pup (yes, that’s a thing!) You focus on keeping tails wagging—we’ll handle the numbers behind the kibble. Fetch your free bookkeeping consult today. Because your finances deserve more than a game of fetch. Call Taxeasy for Details now 1 310-207-6230!

What is Monthly Recurring Revenue (MRR)? 3 Tips for calculationg MRR: Calculate upgraded MRR For instance, if an existing customer who subscribed to a basic plan of $50 per month moves to a standard plan of $200 per month and purchases an add-on for $25 per month, then the upgraded MRR will be $200 less $50 plus $25 equals $175. Calculate Downgraded MRR For instance, if a customer downgraded their subscription from a higher plan for $500 to a basic plan for $100, then the Downgraded MRR will be $500 less $100 equals $400. Calculate churn MRR For instance, if 3 of your customers who were each paying $1000 per month cancel their subscriptions in the same month, then your churn MRR for the month is $3,000. Monthly Recurring Revenue is a key metric for active subscription-based companies. Call Taxeasy for Details now 1 310-207-6230!

The U.S. government requires individuals to report foreign financial accounts because foreign financial institutions may not be subject to the same reporting requirements as domestic ones. Who needs to report: Ia person with financial interest, or monetary gain, in, signature authority or other authority over one or more accounts in a foreign country, and a person with the sum of all foreign financial accounts exceeds $10,000 at any time during the calendar year. A U.S. person is a citizen or resident of the United States. Account owners need to report accounts by the April 15 due date following the calendar year that they own a foreign financial account. Contact Taxeasy for Details now!

Happy New Year from Taxeasy! Start 2025 with clarity and confidence in your finances! Let us handle your bookkeeping so you can focus on growing your business: Accurate Records Stress-Free Tax Prep Tailored Solutions for Your Needs Make this your best year yet! Contact us today to get your books in perfect shape for the year ahead!

Why is CFO / Bookkeeper important? Whether you're looking to scale your business, improve cash flow, or simply maintain clean books, having the right financial leadership is critical to long-term success. Here are 3 easy steps to stay on top of it: Improved Financial Clarity: With the guidance of a CFO, your business will develop strategic budgets and forecasts that align with your growth goals. Risk Management: A CFO can assess your financial vulnerabilities and implement risk management strategies, from securing better credit terms to ensuring compliance with financial regulations. Cost Control & Profitability: A CFO will identify areas where your business can cut costs without compromising on quality, improving profitability. They'll analyze financial data to highlight inefficiencies and implement cost-saving measures. Partnering with a CFO can make a massive difference in the financial health a...

The Importance of Bookkeeping in E-commerce: Bookkeeping is the systematic recording and organizing of financial transactions in your business. For e-commerce, this process involves tracking sales, expenses, inventory, and other financial data. Here are 3 easy steps to stay on top of it: High transaction volume: Online businesses often experience a high volume of transactions, especially during peak sales periods. Accurate tracking of each sale, return, and refund is essential. Inventory Management: For e-commerce, inventory is a critical asset. Bookkeeping helps track inventory levels, ensuring you have enough stock to meet customer demand without over-purchasing. By maintaining accurate records, you can optimize your stock levels, reducing storage costs and avoiding out-of-stock situations. Cash Flow Management: Cash flow is the lifeblood of any business. In e-commerce, where costs can quickly add up—from inventory purchasing to...

The income and expenses of a self-employed person, small business owner, freelancer, or independent contractor during the year may not always turn out exactly as planned. You may be having an unexpected banner year and need to increase your quarterly payments, or maybe your business is taking longer to get up to speed than you hoped, and you may not need to pay as much as you thought. Let’s look at how you can adjust your self-employed estimated tax payments to prevent underpaying or overpaying your income tax and self-employment tax during the year. If you estimate your quarterly tax liability very carefully, you may need to pay a slightly different dollar amount each quarter. To make sure you pay the right amount of estimated taxes, the most important thing is keeping up with your bookkeeping every quarter — not just at the end of the year. For instance, if you overpaid in tax the previous year and anticipate making roughly the same amount this year, you might be abl...

  Eligible contractors who build new energy efficient homes or substantially reconstruct existing homes into qualified energy efficient homes may be eligible for a tax credit up to $5,000 per home . The exact amount of the credit depends on eligibility requirements such as the type of home, the home's energy efficiency and the date when someone buys or leases the home. To claim the credit, contractors have to: Construct or substantially reconstruct and rehabilitate a qualified home. Own the home and have a basis in it during construction. Sell or rent it to a person for use as a residence. For a home to qualify, it must be: A single family home, including manufactured or multifamily homes, as defined under certain Energy Star program requirements. Located in the United States. Purchased or rented for use as a residence. Certified to meet applicable energy saving requirements based on home type before the home is sold or leased to someone for use as a home. For home...

                                                                   Taxpayers can claim the Energy Efficient Home Improvement Credit only for improvements, additions or renovations to an existing home. Qualifying costs may include: Exterior doors, windows, skylights and insulation materials. Central air conditioners, water heaters, furnaces, boilers and heat pumps. Biomass stoves and boilers. Home energy audits. The amount of the credit taxpayers can take is a percentage of the total improvement expenses in the year of installation: 2023 through 2032: 30%, up to a maximum of $1,200 annually. Biomass stoves and boilers have a separate annual credit limit of $2,000 annually with no lifetime limit. Call us today 1-310-207-6230

 We are happy about 1 year of success with Taxeasy-Tax preparation Service: We reached 3.8 K visitors with our blog :

 There are a few things people should consider when deciding whether their project is a hobby or  business. No single thing is the deciding factor. Taxpayers should review all the factors to make a good  decision. How taxpayers can decide if it's a hobby or business These questions can help taxpayers decide whether they have a hobby or business: Does the time and effort they put into the activity show they intend to make a profit?  Does the activity make a profit in some years, and if so, how much profit does it make?   Can they expect to make a future profit from the appreciation of the assets used in the activity?   Do they depend on income from the activity for their livelihood?   if someone are paid through payment apps for goods and services during the year, they may receive an IRS Form 1099-K for those transactions . These payments are taxable income and must be reported on federal tax returns. Schedule an appointmen...

  Depreciation for medical office : easy bookkeeping task. Contact Taxeasy and set up an appointment :                                                   

 Easy guidance on how to finish with schedule C or personal income from Ecommerce platforms and be ready to finish your taxes! Enjoy the video!

 In some excellent news for millions of online sellers, the Internal Revenue Service (IRS) announced another delay of the $600 reporting threshold for Form 1099-K. Most home buyers take out a mortgage loan to buy their home and then make monthly payments to the mortgage holder. This payment may include several costs of owning a home. The costs the homeowner can deduct are:     state and local real estate taxes, subject to the $10,000 limit.     home mortgage interest, within the allowed limits: For qualifying debt taken out after December 15, 2017, you can only deduct home mortgage interest on up to $750,000 ($375,000 if you are married filing separately) of that debt. Homeowners can't deduct any of the following items:     Insurance including fire and comprehensive coverage and title insurance     The amount applied to reduce the principal of the mortgage     Wages paid to domestic help ...

                                           Buy service online:                                                    Buy a preparation of Personal tax -Form 1040 online                                Buy a preparation of Personal business tax -Schedule C (form 1040) online        Most home buyers take out a mortgage loan to buy their home and then make monthly payments to the mortgage holder. This payment may include several costs of owning a home. The costs the homeowner can deduct are:     state and local real estate taxes, subject t...

 Help an Owner of Sole Proprietorship with Business income and Expenses: Complete Schedule C. Sole Proprietor will use Schedule C with personal tax return and will enter info from the Schedule C into Free Tax Software approved by IRS .Special discount for W2 customers-20%. We give an addition 50% discount to individuals 56 years or older for Report of Foreign Bank and Financial Accounts to FinCEN.  California individuals and businesses impacted by the 2022-23 winter storms qualify for an extension until Oct. 16, 2023, to file and pay taxes. Sign with us online and we will provide an instruction how to help you with tax services online

 𝐃𝐨𝐞𝐬 𝐲𝐨𝐮𝐫 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐧𝐞𝐞𝐝 𝐭𝐚𝐱 𝐚𝐧𝐝 𝐛𝐨𝐨𝐤𝐤𝐞𝐞𝐩𝐢𝐧𝐠 𝐚𝐬𝐬𝐢𝐬𝐭𝐚𝐧𝐜𝐞? 𝐓𝐚𝐱𝐄𝐚𝐬𝐲 𝐜𝐚𝐧 𝐡𝐞𝐥𝐩! We are certified by the State of California meaning we are capable of answering your unanswered tax questions including any new tax code changes that may affect you. Knowledgeable in 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐭𝐚𝐱 of: - LLCs - Partnerships - Sole Proprietorships Specific taxes for your 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲: - Real Estate - E-commerce - Online Services  Don’t waste your time Googling your tax questions or searching for your tax and bookkeeping services. We can make your life easier - by taking care of the taxes for your business, yourself, and your family! TaxEasy #taxes #businesstaxes #businessSuccess #Finance #Accounting #SmallBusiness #Bookkeeping #QuickBooks #Excel #Accountants #budgeting #retirement