Published July 25, 2023 – Market demand refers to the total amount of a product or service that consumers are willing and able to purchase at a given price and within a specific time period. It is a fundamental concept in economics and plays a crucial role in shaping business strategies, product development, and overall […]
Published July 25, 2023 – 2023 brings exciting opportunities for the retail community, as the industry continues to thrive after the COVID-19 pandemic. The National Retail Federation predicts positive retail sales figures, not just for big box chains but also for independent retailers. In celebration of Independent Retailer Month, this blog post explores how aspiring […]
Published July 25, 2023 Table of Contents Recap In the last article, we provided a recap of deductible expenses for home-based businesses and offered best practices for record-keeping. We explained that expenses exclusively for the home office, such as office furniture, could be fully deducted, allowing business owners to indulge in guilt-free shopping. However, luxury […]
I’m here to help you become more prepared for tax season next year. I get it, tax filing is boring, and you probably don’t want to do it anyway. So, how about a challenge? You can click away, probably see an ad, and remember this article. Or, you can go ahead and read it. I’ll […]
Published July 24, 2023 – We are pleased to share the recent major policy change announced by the Internal Revenue Service (IRS) as part of its larger transformation effort. The new policy will put an end to most unannounced visits to taxpayers by agency revenue officers. This move aims to reduce public confusion and enhance […]
Published July 24, 2023 Table of Contents Business Expenses Recap In our previous post, we discussed tax obligations for home-based businesses, including registration, reporting, record-keeping, and timely tax filings. We emphasized the need for licenses and registrations, as well as maintaining proper financial records. Today, we explored the home office deduction, eligibility criteria, calculation methods, […]