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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 [...]

Imagine you're in the midst of creating your next hit online course. Your coffee is brewed, your ideas are flowing, but lurking in the back of your mind is the looming question of taxes. [...]