Small Business Tax Preparation Tips Archives

Overlooked Tax Deductions for Nurses and Healthcare Professionals

It’s understandable that the last thing a nurse, physician, pharmacist, or any other healthcare professional wants to worry about is tax deductions.

This daunting thought can also be the reason why so many workers in the healthcare field file too quickly in an effort to complete this task.

Many of the medical professions can be grueling with lots of stress, little sleep, and long hours.

To add to your already long list, you will want to make sure all your documents are in line for taxes in order to stay ahead of the game.

In this article, I will show you how to get the most deductions in order to lower your tax bill.

Fitness instructor with a yellow shirt aerobic class a the gym with member who were inquiring was asking the. Is gym membership tax deductible?

Get Fit and Save Money: Is Gym Membership Tax Deductible?

As tax season rolls around, many fitness enthusiasts wonder, “Is gym membership tax deductible?”

Understanding the tax implications of gym memberships is crucial for both individuals and small business owners.

In this article, we will explore the complex world of fitness-related tax deductions and provide tips for maximizing your potential savings.

Black young woman working on blog on computer

TurboTax vs. CPA: Which Is Better for You?

We’re nearing tax time and that means one thing – you must decide how you’ll complete your taxes. Will you go the DIY route or pay a CPA to do your taxes for you?

A common debate at tax time is TurboTax vs a CPA (Certified Public Accountant) – which is better and/or right for you? Check out this guide on the difference between the two and how to tell which option will suit you the most.

Tax Deductions for travel nurse pharmacist and health care professionals checklist

What Does Tax Inclusive Mean and How Does it Affect You?

Whether you’re a consumer or a business owner, it’s important to understand the different methods by which taxes are applied. The sale price of a product or service may be inclusive of tax or exclusive of taxes – depending on at what point taxes are charged.

As a consumer, you’ll want to know if the sale price is a flat rate, or if you should consider the tax rate in addition to the advertised price.

A business, however, will need to know how their vendors charge tax and will need to determine when to charge tax as part of their pricing strategy.

TAX DUE with Black lady with shocked face What to Bring to Tax Appointment

What Does Federal Tax Due Mean? Don’t file without knowing this.

Did you get that infamous statement: Federal Tax due now?

When April 15^th comes around, you can feel a tinge of anxiety in the air. That’s because there are tens of millions of people who will owe money to the IRS. Now, this is the funny thing about the Internal Revenue Service – they tend to be pretty persistent about wanting their money.

So, you really need to know what the term “Federal Tax Due” means. Knowing this term can keep you in the good graces of the IRS for at least the next 12 months.