Work Accounting

Effective tax rate and marginal tax rates are two figures every taxpayer should know. Do you know yours?

Effective and Marginal Tax: Know Yours! - Understanding the difference between these two tax rates What is the difference between a Marginal Tax Rate and an Effective Tax rate? Who cares? You might if you add a second job and see some of your tax benefits disappear. Here is what you need to know.

Medical expenses are on the rise. Here are some smart ideas for saving tax dollars on those medical bills.

Reduce Your Medical Expenses - Tax smarts that make a difference Medical expenses are on the rise. If you know your options and plan accordingly, there are ways to save tax dollars on those medical bills.

Here's another tax credit, but one few will ever see. Look before you buy. Read on.

The New $7,500 Tax Credit That Isn't - What you need to know Think you will get the new electric vehicle credit beginning in 2023? Think again. Here is what you need to know.

Reminder: 3Q estimated taxes are due Thursday, September 15. Here are some things to consider.

Reminder: Third Quarter Estimated Taxes Due - Now is the time to make your estimated tax payment If you have not already done so, please plan to make your third quarter estimated tax payment. The due date is Thursday, September 15th.

Here is a real thinker for your Wednesday. Give yourself time, the answer is important. Comment below!

Want to turn your hobby into a business? The IRS uses several criteria to distinguish whether an activity is a hobby or a business. Use this Business vs. Hobby test to make sure the IRS won't come knocking.

Don't let the nitty gritty financials of your business burn you out. We can help! Give us a call: 888-699-8985

The IRS requires contemporaneous records to prove deductions and credits. That means you can't go back later to get a copy of a receipt you forgot. Here are some tips.

Understanding Tax Terms: Contemporaneous Records - Everyone needs to know what this means! The Internal Revenue Service has a vocabulary of their own. One of the more important is their use of the word contemporaneous. What does it mean, and why should you care?

Here at Work Accounting, we believe businesses are just as unique as the individuals who own them. We take the time to hear about your business and determine how we can best support your business goals! Book a consultation by heading over to www.workaccounting.com

Happy Wednesday! Hope everyone is having a great week so far!

IRA's are a great way to lower taxes while saving for retirement. Here are 5 great things to know about IRAs!