Tax Preparation, Insurance, Payroll, Medicare and Business Advisement in Jamestown NY
Pike’s Auto Repair is owned and operated by Josh Pike located in the center of Ashville, NY. Josh started out in a one bay garage with no lift. His business has come a long way in 10 years thanks to the many great clients who have trusted him with … [Read more...] about Pike’s Auto Repair
Either choice brings large deductions Eventually all business owners will need to purchase or replace assets. When this happens, they need to determine how the cost of those assets will be recovered. Typically, the cost of business assets is … [Read more...] about Section 179 vs. Bonus Depreciation
As you may already know, on April 3rd, 2020 NYS signed into law that large employers with 100 or more employees can accumulate 56 hours of paid sick leave per year and small employers with 5-99 employees can accumulate 40 hours of paid sick leave per … [Read more...] about 2021 Changes to Paid Sick Leave
Know what's deductible? If you’re self-employed and use part of your home for business, you may be able to deduct expenses allocable to the business use. The home office deduction is available for homeowners and renters. To qualify for the … [Read more...] about Working From Home?
CARES Act eases the rules In 2017, the Tax Cuts and Jobs Act (TCJA) provided that net tax losses from businesses in excess of an inflation-adjusted $500,000 for joint filers, or an inflation-adjusted $250,000 for other taxpayers, are to be treated … [Read more...] about Handling business losses
It Might be a Business after all If you have income from sources other than your main job, how do you know whether it’s income from a business or hobby? Like many of us, you’ve probably dreamed of turning a hobby or pastime into a regular … [Read more...] about Hobby Income
