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The Crucial Role of Cost Segregation in Short-Term Rental Investments

Jun 14, 20232 min read

The Crucial Role of Cost Segregation in Short-Term Rental Investments

In the world of real estate investing, cost segregation studies are a potent tool in the arsenal of short-term rental property owners.

Tax Deductions for Small Businesses: Maximizing Your Savings

Tax Geaks

Jun 12, 20232 min read

Tax Deductions for Small Businesses: Maximizing Your Savings

Introduction: As a small business owner, one of the key ways to reduce your tax burden is by taking advantage of tax deductions. By...

Understanding the Basics of Accounting: A Beginner's Guide

Tax Geaks

Jun 9, 20232 min read

Understanding the Basics of Accounting: A Beginner's Guide

Introduction: Accounting is a fundamental aspect of every business, whether it's a small startup or a multinational corporation. It...

Tax Geaks

Dec 1, 20222 min read

What is a Registered Agent?

New and existing business owners need all the resources they can get in their corner, one of which is a registered agent. Registered...

Understanding the Audit Process With the IRS

Tax Geaks

Nov 1, 20222 min read

Understanding the Audit Process With the IRS

According to recent studies, the IRS aims to increase small business audits by nearly 50% in the coming years (Weltman, Smallbiztrends)....

Doing Business in Another State? Accounting and Tax Implications to Be Aware Of

Tax Geaks

Oct 1, 20222 min read

Doing Business in Another State? Accounting and Tax Implications to Be Aware Of

As your business begins to grow, you may find yourself with new accounting and tax implications to work through. Opening another business...

Tax Geaks

Sep 1, 20222 min read

How Can a CFO Help Grow Your Business?

Do you have a CFO in your business? If not, now might be the right time to consider adding a CFO position to your team because of the...

Tax Geaks

Aug 1, 20222 min read

Stop Treating Your Business Like an ATM

Once that first good year of sales hits, you may be tempted to pull money out of your company; however, this is not always a wise idea....

Bookkeeping vs Accounting: Main Differences Explained

Tax Geaks

Jul 1, 20222 min read

Bookkeeping vs Accounting: Main Differences Explained

Most business owners can’t easily discern the main differences between bookkeeping and accounting; however, both are necessary for...

5 Strategies to Improve the Financial Health of Your Business

Tax Geaks

Jun 12, 20222 min read

5 Strategies to Improve the Financial Health of Your Business

Economic factors, increased competition, and changing consumer demand are three challenges that small businesses are constantly facing....

Tax Geaks

Jun 11, 20222 min read

Best Entity Structure

Starting your own business involves many important decisions, some of which will impact how you go about financial and tax reporting. You...

Tax Geaks

Jun 11, 20222 min read

Benefits of Hiring a Bookkeeper

Every business owner or manager searches for two things when onboarding a new service or employee: earn more and work less. Navigating...

Deriving the Most Insight from Your Financial Statements

Tax Geaks

Jun 10, 20222 min read

Deriving the Most Insight from Your Financial Statements

The financial statements of your business might seem like a routine pile of papers that lands on your desk at the start of each month....

What to Do if You Haven't Filed Your Tax Return

Tax Geaks

Jan 18, 20212 min read

What to Do if You Haven't Filed Your Tax Return

If you haven’t filed your federal income tax return for this year or for previous years, you should file your return as soon as possible...

Tax Geaks

Jan 18, 20212 min read

Unemployment Compensation

The tax treatment of unemployment benefits you receive depends on the type of program paying the benefits. Unemployment compensation...

Tax Geaks

Jan 18, 20213 min read

Rental Income and Expenses

Cash or the fair market value of property or services you receive for the use of real estate or personal property is taxable to you as...

Tax Geaks

Jan 18, 20212 min read

Recordkeeping

Well-organized records make it easier to prepare a tax return and help provide answers if your return is selected for examination or if...

Tax Geaks

Jan 18, 20211 min read

Roth IRA Contributions

A Roth individual retirement arrangement (Roth IRA) is a tax-favored account or annuity set up in the United States solely for the...

Extensions of Time to File Your Tax Return

Tax Geaks

Jan 18, 20212 min read

Extensions of Time to File Your Tax Return

You may request up to an additional 6 months to file your U.S. individual income tax return. There are three ways to request an automatic...

Copy or Transcript of Your Tax Return – How to Get One

Tax Geaks

Jan 18, 20212 min read

Copy or Transcript of Your Tax Return – How to Get One

Copy of Your Tax Return There are different ways to obtain your tax return information. Most requests can be satisfied with a computer...

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