by Steve Perry | Jan 23, 2020 | Small Business Accounting, Tax Preparation
While many are not familiar with the term gig economy, most are familiar with some of its components. These include ride sharing such as Uber or Lyft, and Airbnb. In fact, according to the Federal Reserve, a full third of Americans are involved...
by Steve Perry | Jan 21, 2020 | Tax Preparation
As we start the tax season, let’s look at what is on the table. This is not an all-encompassing list and is a general discussion. Each individual situation should be discussed with a tax expert. Most individual taxpayers, especially those who have W2...
by Steve Perry | Jan 17, 2020 | Tax Preparation
One of the oldest deductions in the US tax code is the charitable contribution. It has been modified over time and like many deductions it has been abused. The Internal Revenue Code provides specific requirements for recordkeeping and proof of the value of...
by Steve Perry | Jan 15, 2020 | Tax Preparation
Have you ever wondered just where the IRS gets the information to conduct audits or go after taxpayers that may not have reported all their income? Beyond that, what is reportable? In my experience, I have had numerous taxpayers ask me these two questions,...