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Showing posts with the label income and expenses for sole proprietorships

Bookkeeping Service for dog food subscription businesses

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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!

Online Tax Preparation and Bookkeeping

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Schedule Estimated Taxes Now! Estimated tax is used to pay income tax and self-employment tax, as well as other taxes and amounts reported on the tax return. If the taxpayer does not pay enough through withholding or estimated tax payments, he or she may be charged a penalty. If the taxpayer does not pay enough by the due date of each payment period, he or she may be charged a penalty even if he or she is due a refund when the tax return is filed. The taxpayer does not have to pay estimated tax for the current year if he or she meets all three of the following conditions: The taxpayer had no tax liability for the prior year. The taxpayer was a U.S. citizen or resident for the whole year. The taxpayer’s prior tax year covered a 12-month period. Contact us today to get your taxes estimated!

Energy Tax Credit for eligible Contractors

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  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...

Bookkeeping Service

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                                                                   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

Bookkeeping and Tax Preparation Service

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

Bookkeeping Service

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 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...

Bookkeeping for medical office

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

Income from Ecommerce Platforms

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 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!

Tax Preparation Online Service

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 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 ...

Online Tax Preparation Service

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 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

Virtual bookkeeping and Virtual Tax Preparer

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 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