Expert perspectives on tax, bookkeeping, and running a successful small business.
Whether you need year-round tax planning, accurate annual filings, or complete small business accounting tips, you'll find general information here to help you ask better questions. Not advice about your own specific situation.
An IRS Identity Protection PIN (IP PIN) is a six-digit number that helps prevent someone from filing a fraudulent tax return in your name. Who can get one, and how to enroll.
Vandana Patel
CPA
A business may generally deduct expenses that are ordinary and necessary. Common deductible costs, current versus capital, and why records matter.
Vandana Patel
CPA
Trump Accounts are new accounts for children. Who qualifies, the $1,000 federal contribution, annual limits, and tax treatment for parents and business owners.
Vandana Patel
CPA
Year-end is the last window to act on this year's taxes. Five steps for business owners, from reviewing the books to checking retirement-plan options.
Vandana Patel
CPA
A business that pays independent contractors may need to issue Form 1099-NEC. When it applies, the W-9 to collect first, and the deadline.
Vandana Patel
CPA
Most bookkeeping problems start small and run all year. Five common mistakes to avoid, from mixing accounts to skipping monthly reconciliations.
Vandana Patel
CPA