Know Your Numbers and Taxes

APP: 059 Write Off Business Expenses, Ordinary & Necessary, Non-deductibles, and the Home Office

What can businesses write off to save on taxes? A tax write off is something that reduces the taxable profit for a business and therefore decreases taxes due. Profit in a simple business can be thought of the money or assets available to pay the owner at a point in time shown on [...]

Using TurboTax to Prepare Your Own Tax Return

A CPA recommending TurboTax? Absolutely. I am a former user and so impressed with the software. TurboTax offers incredible opportunities for employees and even very small business owners to save money in tax return preparation fees. I believe that the key to accomplishing your tax-related goals is self-direction and education. As part of this, individuals [...]

By |2022-08-04T23:18:19+00:00January 21st, 2019|Know Your Numbers and Taxes|0 Comments

Bookkeeping Tips from a CPA

Many people want to work in the bookkeeping business, but quality bookkeeping is extremely rare. Why is that the case? Because it’s easy to underestimate the difficulty and complexity of producing proper accounting documentation. QuickBooks online has bank feeds that pull in credit card and bank transactions for the user to code, typically to an [...]

By |2019-11-07T23:13:09+00:00December 17th, 2018|Know Your Numbers and Taxes|1 Comment

Bangkok Business Trip: Visiting Pransform

Welcome to Bangkok! Accounting Play is on yet another journey to discover the latest trends not only in accounting app development, but outsourced solutions. Meet Pransform – a Thailand-based company that focuses exclusively on assisting public accounting firms performing small business tax and accounting work. Small business is near and dear to my heart, as [...]

APP: 048 Business Tax IV of IV – Consulting Services, Paid Drivers, Crowdfunding, Accounting Solutions, Conclusion

Welcome to the Business Tax Series Part IV: -Consulting Services: Upwork®, Fivrr®, etc -Paid Drivers: Lyft®, Uber®, Taxi, etc -Crowdfunding: Kickstarter®, Indigogo®, etc -Accounting Solutions: Quickbooks®, Xero®, etc -Conclusion is To Be Continued… Get the iOS APP: HERE           Kindle Book: Business Tax Prep & Plan by Accounting Play: Small Business [...]

By |2020-01-26T09:54:27+00:00March 30th, 2016|Know Your Numbers and Taxes, Podcast|0 Comments

APP: 047 Business Tax III of IV – Income, Individual Deductions, Credits, Self Employed Income, Business Deductions, Tax Planning, Retirement Accounts

Welcome to the Business Tax Series Part III: -Income in General -Deductions and Adjustments in General -Individual Itemized Deductions -Tax Credits -Self-Employment (business) Income and Tax Payments -Intro to Business Deductions -Intro to Tax Planning -Intro to Retirement Accounts Get the iOS APP: HERE           Kindle Book: Business Tax Prep & [...]

By |2020-01-26T10:53:46+00:00March 30th, 2016|Know Your Numbers and Taxes, Podcast|0 Comments

APP: 046 Business Tax II of IV – Federal Tax Filing Basics

Welcome to the Business Tax Series Part II: -Federal Tax Filing Basics I: filing requirements, status, dependents -Federal Tax Filing Basics II: getting to taxable income -Federal Tax Filing Basics III: income tax, self-employment tax, withholding -Federal Tax Filing Basics IV: estimated tax payments Get the iOS APP: HERE           Kindle [...]

By |2020-01-26T11:02:37+00:00March 30th, 2016|Know Your Numbers and Taxes, Podcast|0 Comments

APP: 045 Business Tax I of IV – Basics, Solo Entrepreneurs, Goals, Tax System, Resources

Welcome to the Business Tax Series Part I: -Business Tax Basics & Ye Ol' Disclaimer -Solo Entrepreneurs and Taxes -Goals and Different Tax Situations -Tax System USAUsing Your Resources Get the iOS APP: HERE           Kindle Book: Business Tax Prep & Plan by Accounting Play: Small Business | Individuals | Deductions [...]

By |2020-01-26T11:08:40+00:00March 30th, 2016|Know Your Numbers and Taxes, Podcast|0 Comments