Accounting VS Bookkeeping
Accountants and bookkeepers play a critical role in any business. While there may be some overlap in their duties, depending on the size of the company, the actual responsibility of each role varies.
Accountants and bookkeepers play a critical role in any business. While there may be some overlap in their duties, depending on the size of the company, the actual responsibility of each role varies.
Athlete Training Camps and Taxes. Texas, Florida, Tennessee, and Washington have no Jock Tax. You can learn more about the “Jock Tax” in our blog.
P1-A Athlete Visas. A P1-A is a type of visa made for athletes, entertainers, and coaches that are entering the U.S to compete or host an event.
The Jock tax is essentially a state taxing system in place for athletes in addition to the regular federal and state income taxes they pay. This tax is calculated based on the number of days the athlete has spent in the state divided by their workdays.
Incorporating a business is a great way to deduct everyday expenses from your income. With extra cash and lots of travel time, athletes almost always splurge on vehicles.
Individual retirement accounts provide a great vehicle for athletes and small business owners to lower their taxable income.
Owing Uncle Sam or sending him interest free money throughout the year is something that you want to avoid. Due to the 2018 Tax Reform you need to know what changes will affect your tax bill.
The Tax Cuts and Jobs Act of 2017 (TCJA) made significant changes to the taxation of both individuals and businesses alike. While the new tax reform increased or added certain deductions and removed others, planning ahead can help shave some dollars off your tax bill. Today we’ll highlight three common but effective ways to lower your taxable income and increase your returns.