I get asked this question regularly, how to prepare your taxes as a content creator? Social media content creators such as YouTubers, Bloggers, and UGC creators, while not relatively new, have become an exciting profession for most people. Consequentially, these individuals may now qualify for certain deductions and credits because they are categorized as self-employed by …
On March 13, 2020, The Biden Administration implemented a Covid-related federal student loan moratorium. For many borrowers, this brought about great financial relief by postponing all student loan interest and principal payments, especially in combating the economic hardships of the COVID-19 pandemic. In addition, since his election into the White House, many have looked up …
The difference between Tax Avoidance and Tax Evasion comes down to one word, Legality. Starting with the “Tax Gap” we can use this to understand the impact of not paying your taxes. The tax gap is the gross difference between the tax liability for a given year and the amount of taxes paid on time. In other …
As the country continues to open back up, many business owners and entrepreneurs may see the need to become mobile again. Unlike personal travel, business travel expenses could help business owners to maximize their tax deductions. To understand the many ways in which proper planning can help business owners, let’s first define “business travel expenses.” …
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Tax Season is often a time for panic for both businesses and individuals. Whether you’re determined to file your taxes yourself, or would rather have a tax professional do it, knowing what documentation you’ll need can save you lots of stress. For business owners who have already navigated the process of starting a successful business, …
Becoming a CPA can be a great milestone in a person’s life. It signifies the ending of sleepless nights of toiling through pages of exam materials, and the beginning of new opportunities. Whether your goal is to become an Elijah Watt Sells Award winner, or to earn a passing score on each exam, you are …
CPA Exam Tips To Help Candidates Successfully Pass Their Exams Read More »
In this blog, I will break down the factors to consider when you are in the process of starting a new business or revisiting the idea of a previous one. When it comes to setting up a new business, most business owners fail to analyze the tax responsibilities that will eventually surface after their business …
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I must admit that it took me ages to gather the courage to start blogging. Following the overwhelming responses from my social media Vlog where I create and share weekly videos relating to popular tax topics, I knew this information would serve a larger audience. I wanted to create a platform where I would be …