Bonus depreciation allows your business to write off more of the cost of an asset in the year the company starts utilizing it.
Bonus depreciation is not limited by the businessβ taxable income. You can take bonus depreciation on machinery, equipment, computers, appliances, real estate and furniture.
If you are needing catch-up or clean-up utilizing QuickBooks Online, we are here to help π¦Έπ½ββοΈ We make sure that everything is reconciled correctly and that all the reports are accurate. Let us take the stress off your shoulders while your run your business π Interested in a quote? Send
It is ESSENTIAL that you are keeping your business and personal finances separate. If your business and personal finances are commingled, you could run into trouble around tax time. Also, if your business is audited by the IRS, they will need to verify the business expenses youβre claiming. This is
This tax season was quite a busy one! We are so thankful for our clients, new and returning ππ½ If you are still needing to complete your taxes, we can help π If you are filing electronically and choose direct deposit, the IRS says to expect your refund without 21
As a business owner, you can take a few more special deductions π
These tax deductions include bookkeeping, consulting, payroll and tax prep fees.
Need help filing your business taxes? Send us a message to get started π²
The tax deadline is approaching fast! Come get your taxes prepared with Mom & Pop Tax Shop ππ½ Shoot us a message with your email to get invited to our portal to start sending tax documents π² You can then ask us any questions and we can help you strategize
The tax deadline is approaching fast! Shoot us a message with your email to get invited to our portal to start sending tax documents π² Dates on calendar are closer than they appear ππ€ . . . #azbusiness #azsmallbusiness #azsmallbiz #azbusinessowner #arizona #phoenix #selfemployed #glendale #scottsdale #chandler #azrealtors
There is so much dedication and hard work that goes into running a small business.
We are so grateful for all of the small business owners we know and get to help π₯°
Small business owners play a critical role in the US, make sure you go support them today! ππ½
When talking to potential new clients, many donβt realize they have sales tax reports that need to be filed. Do not run behind with your sales tax payments! If you are unsure about what type of filer you are, you can go to AZtaxes.gov and find out π Need help
Thank you Luke for the Google review ππ½ Our goal is to answer all of your questions as well as guide/educate you for the future. Schedule your tax appointment with us today! We are booking March appointments π . . . #google #taxes #azbusiness #phoenix #scottsdale #tempe #smallbusiness #azbusinessowner
We are so excited to announce that we have moved into an office space πππ½ We are so thankful for all of our clients that have supported us this past year β€οΈβπ₯ We are now located on 24th street and Thomas π¦ If you are not close to this location,
Are you looking to outsource your bookkeeping? Look no further ππ½ When you outsource your bookkeeping with Mom & Pop Tax Shop, you are able to view live reports, track your spending, and plan ahead for the tax year. Not to mention, the QuickBooks Online software is included with your
If you are someone that logs your miles for work, this post is for you ππ½ We recommend downloading @mileiq Classify your drives, run reports and track your miles effortlessly β¨ #bookkeeping #accounting #payroll #taxes #taxseason #azbusiness #azsmallbusiness #business #mileage #arizona #phoenix #glendale
As a business owner, make sure that you are taking full advantage of your available deductions ππ½
Make sure you are keeping great records of your business spending! We recommend using QuickBooks Online ππ½
Avoid Venmo, CashApp and PayPal to receive funds! These platforms are extremely difficult to integrate with accounting systems!!!!! π¨π€ Beginning January 1st 2022, these third party platforms are required to send users a Form 1099-K for transactions made during the 2022 tax year. Have questions about your accounting? Send us
Are you filing head of household this year? π² Here is a helpful 2021 tax bracket chart. Your bracket depends on your taxable income and filing status. These are the rates for taxes due April 2022 or October 2022 with an extension. Send us a message for a link to
If you and your spouse are filing this year and have more than 4 W-2βs, this price sheet is for you! Getting your taxes done with us is as easy as: 1. Getting invited to our portal (send us your email to get started π²) 2. Begin sending in your