by Barbara Weltman The COVID-19 pandemic triggered numerous changes in tax law as reflected in the book. But tax law is not static and new … Read more about Supplement to J. K. Lasser’s 1,001 Deductions and Tax Breaks 2021
Learn this Lesson: Deposit Employment Taxes or Else
A key responsibility of being an employer is handling payroll taxes. These are comprised of figuring income tax withholding from employees’ paychecks … Read more about Learn this Lesson: Deposit Employment Taxes or Else
5 Other Tax Actions Prompted by Filing Your Return
NOTE: The due dates have been updated since the original publishing date. The April 15 due date for individuals and corporations is now July 15, 2020. … Read more about 5 Other Tax Actions Prompted by Filing Your Return
Supplement to J. K. Lasser’s 1,001 Deductions and Tax Breaks 2020
The tax law is not static. Since the publication of this book, Congress has enacted a massive spending measure—the Further Consolidated Appropriations … Read more about Supplement to J. K. Lasser’s 1,001 Deductions and Tax Breaks 2020
5 Surprising Tax Rules Every Business Should Know
When you’re in business, you kind of assume that all of your expenses are fully deductible. But this assumption is wrong. The tax law imposes various … Read more about 5 Surprising Tax Rules Every Business Should Know
J.K. Lasser’s Guide to Self-Employment Second Edition
The number of self-employed individuals is growing substantially. FreshBooks’ Women in the Independent Workforce, 2nd annual report says that … Read more about J.K. Lasser’s Guide to Self-Employment Second Edition
Taxes: Yesterday, Today, and Tomorrow following the Spending Measure
The massive spending measure (December tax package), Further Consolidated Appropriations Act, 2020 (H.R. 1865), which was signed into law on December … Read more about Taxes: Yesterday, Today, and Tomorrow following the Spending Measure
Get Ready for Federal, State, and Local Changes in 2020
To paraphrase Bob Dylan, the rules are a-changin’ and businesses should prepare for new government rules and regulations. Here are some things to look … Read more about Get Ready for Federal, State, and Local Changes in 2020
J.K. Lasser’s Small Business Taxes 2020
The 2020 Edition Book Review For more than 25 years, I’m proud to say my tax book for small businesses has been the go-to guide for owners and their … Read more about J.K. Lasser’s Small Business Taxes 2020
Spooky Tax Things to Frighten Anyone
Halloween is a time for children to enjoy haunted houses, ghosts, and goblins. This is fun. But there are some things left to adults that can be very … Read more about Spooky Tax Things to Frighten Anyone
Looking Ahead at Taxes for Self-Employed Individuals
Self-employed individuals Self-employed individuals are sole proprietors, independent contractors, partners, and members of limited liability … Read more about Looking Ahead at Taxes for Self-Employed Individuals
Roundup of IRS-Created Safe Harbors for Tax Savings
It’s no revelation to hear that the federal tax laws are very complicated. There are many reefs and rocky shoals. But the IRS has created a number of … Read more about Roundup of IRS-Created Safe Harbors for Tax Savings
10 Things to Know about Bonus Depreciation
To run your business efficiently, you need good equipment and machinery. You may want to add to or replace what you have now. Newer versions usually … Read more about 10 Things to Know about Bonus Depreciation
QBI Deduction and Tax Savings
The Tax Cuts and Jobs Act Created a New Type of Deduction—the Qualified Business Income (QBI) Deduction This deduction is designed to lower the … Read more about QBI Deduction and Tax Savings
10 Tax-Related Questions About a Company Vehicle
Most businesses use vehicles—cars, trucks, or vans—to conduct their activities. For example, on Schedule Cs for self-employed individuals in 2015 (the … Read more about 10 Tax-Related Questions About a Company Vehicle