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Does it ever feel like there is no clear boundary between you and your business? If so, you are probably also struggling to see the separation in your expense tracking. A good accountant [...]

There are 4 clutch questions to answer when you are wondering if any business expense is deductible on your tax return. In summary, business expenses are typically deductible if they meet all 4 [...]

Reducing your taxable income is a goal that everyone shares and one way to achieve it is by claiming either the standard deduction or itemized deductions. Understanding which one to choose will empower you [...]

Every keynote speaker meets a non-profit organization that needs to hear their expertise but doesn't have money in their budget to pay for it. Here are the fast facts to help you learn how [...]

File an S election: Before a business begins operating as an S corp, it must file forms electing to be taxed as an S corp. One reason that a business makes an S election [...]

Your business will need to choose 1) a legal structure and 2) a tax classification. These are two separate topics but they often get blurred together. A business owner consults with an attorney to [...]

If a business is taxed as an S corp, there are tax laws that let them deduct the home office expense reimbursements paid to their employees. To do so, the IRS requires that the [...]

In today's world, many of us find ourselves working not just in our own state but in others too. This can make navigating income taxes a bit tricky. Let's break down what you need [...]

Welcome to hassle-free accounting. Tired of sorting through receipts and crunching profitability numbers that you aren’t very confident about? Colvin CPA is here to change all that with our 100% Virtual CPA services. Let’s [...]