Welcome to Our Blog!

Welcome to our blog about accounting, bookkeeping, payroll, tax and other issues. Feel free to leave a comment, or ask a question. We moderate comments on a daily basis. Please make your comment specific to the article, to avoid being . . . → Read More: Welcome to Our Blog!

Small Business Primer for Tax Season

With the passing of the holidays, comes the necessary and dreaded task of preparing yourself and your documentation to report your earnings and deductions to the IRS.  We will go into this a little further next month, but I wanted to give you some preliminary tips to help make the process easier.

If you paid anyone acting as an independent . . . → Read More: Small Business Primer for Tax Season

Seacoast Accountability’s Small Business Tax Tip-The Home Office Deduction

Complete information for taking the Home Office Deduction can be found in IRS Publication 587. The deduction is calculated on Form 8829, which transfers to Schedule C. It should be noted that employees who receive a W-2 may also be eligible to claim a home office as an itemized deduction, however this information is not covered . . . → Read More: Seacoast Accountability’s Small Business Tax Tip-The Home Office Deduction