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Sell Your Primary Residence and Pay Zero Tax!

For many of us, our residence is our most valuable asset. But what if we sold our home? As a taxpayer, our primary concern is how to save on taxes on the sale of our home. With the rising prices of homes for sale, could you possibly sell and pay zero taxes on your realized… Continue reading Sell Your Primary Residence and Pay Zero Tax!

Woman-Owned Business Certification

Being a woman in the business world can be challenging due to gender-related biases such as limited access to capital funds and networking opportunities, and gender-based discrimination, making it difficult for them to start and grow a successful business. Nevertheless, women entrepreneurs have succeeded over these barriers and have shown significant contributions to the world… Continue reading Woman-Owned Business Certification

Women in Business

Women business owners has certainly made a strong impact in the economic growth and employment opportunities worldwide. According to the National Association of Women Business Owners (NAWBO), more than 11.6 million firms in the United States are owned by women, employing nearly 9 million people, and generating $1.7 trillion in sales as of 2017. Their… Continue reading Women in Business

Your Tax Home: It’s Important

If your business or profession,(locum tenens) requires you to travel away from your tax home for more than an ordinary day’s work that you will need to sleep or rest there, then you may be able to deduct ordinary and necessary expenses relative to your travels away from your tax home. But what is this… Continue reading Your Tax Home: It’s Important

Pay 0%-ZERO Income Tax? Really? 2023, 2024 and 2025!

There is a legal way to pay Zero 0% income tax for 2023. How? You may legally pay Zero 0% income tax if you remain in the 0% capital gains bracket. What are capital gains or losses? Capital gains are the increase in the value of a sold asset. The realized difference is the price… Continue reading Pay 0%-ZERO Income Tax? Really? 2023, 2024 and 2025!

LOCUM TENENS: BUSINESS STRUCTURES

Part 3: Business Structures for A Single Locum Tenens Locum Tenens in the medical community, such as physicians (MD), physician assistants (PA), nurses (RN), advanced nurses (NP & CRNA) and other medical specialists (PT, OT, SLP), have played a crucial role in ensuring that our healthcare facilities can continue to provide quality care to patients… Continue reading LOCUM TENENS: BUSINESS STRUCTURES

1099-K

These days, debit cards and credit cards like Visa, Mastercard, Discover and American Express are commonly used for all types of transactions. And for sure, you have one of these payment apps installed on your phone – Venmo, Paypal, Stripe, Shopify, and Cash App. If you are an independent contractor, freelancer, gig worker, side hustler… Continue reading 1099-K

Business Services

We love working with business service professionals. We provide online bookkeeping and tax services to all multiple types of business professionals are marketing consultants, sales consultants, web designers, nonprofit advisors, business coaches, and training services. We assist revenue recognition to IT and cybersecurity clients. We determine the right accounting methods of cash vs accrual accounting for ongoing projects. Provide the back-end virtual accounting resources for our ESG and sustainability consultants to become a B Corporation. Discuss with our Human resource consultants, diversity consultants, and executive employment recruiters to analyze the Minority and Women Business designations.

E-commerce

We love our E-commerce. We provide online accounting and tax services for Shopify and Square. We support the back office with the integration of the accounting system with their online store with Shopify and Square. Work on the profit margins of the online store and review the Cost of Good or Cost of Service to provide an accurate income statement and balance sheet. We reconcile the multitude of payment providers from your online stores to your bank account.

real estate

We love the traditional entrepreneur in the real estate industry, the independent real estate agent or real estate broker, specializing in rental, leasing, and sales. Are you taking the non-traditional route of Airbnb or VRBO? Do you prefer to be a real estate investor with a small portfolio? Property management? Or do you prefer to be in-home flipping? 1099 Accountant is well versed in the tax deductions for real estate. Long-term or short-term gains rules for real estate. For individuals, we can review the taxpayer-involved real estate activities to qualify for a real estate professional tax status and provide guidance for the Form Schedule C or Schedule E.