mariettiacctserv16 hours ago2 minVets with Pets: Your Pets May Complicate An AuditIf you're a veterinarian you most likely have a pet... or two... or more... Let's be realistic, you went into veterinary medicine...
mariettiacctserv1 day ago1 minCan You Write Off Your Barn Cats?I've seen this question quite a bit. Can the cost of caring for your barn cats be written off for your business? The answer is... it...
mariettiacctserv3 days ago2 minHow to Account for Livestock Breeding FeesLet's face it, breeding fees can be expensive and paying them out of pocket can be a strain on a breeder's bank account. So the big...
mariettiacctservMay 63 minThe S-Corporation TrapHave you ever received the advice that you should elect to have your business taxed as a S-Corporation to save on taxes? A S-Corp...
mariettiacctservMay 42 minUnderstanding the New 1099-K RegulationsYou may have heard that the 1099 reporting requirements have been changed. There’s a lot of misinformation and panic occurring over...
mariettiacctservMay 32 minTax Loophole: Rent Your Home to Your BusinessA strategy that has been bouncing around social media recently involves renting your home to your business for a tax deduction. But most...
mariettiacctservMay 32 minExpense or Asset?You just purchased a new computer or some office furniture for your business. And now you may be wondering, do you record these...
mariettiacctservMay 32 minCan You Write Off Your Horse?I often see questions about the potential tax deductions related to horses. Some people have expressed their old tax preparer never let...
mariettiacctservApr 261 minHow to Read a Profit and Loss StatementAs a business owner you should be looking at your profit and loss statement at least monthly. But what are you even looking at? The...
mariettiacctservApr 263 minWhat is COGS? If you've done research on evaluating financial performance in a business you have most likely come across the term COGS. You've also...
mariettiacctservApr 262 minWhy You Should File Your Taxes Even if You Can't PayYou are ready to file your taxes, but realize you can't pay the balance due. Instead of filing now and paying later you may be...
mariettiacctservApr 222 minHow Are Tax Returns Selected for Audit?Audit - the word that strikes fear in the heart of taxpayers. While we completely understand why taxpayers are nervous about being...
mariettiacctservApr 222 minCan My Business Pay For My Health Insurance?If you are self employed you have most likely wondered if your business can pay for your health insurance and if the business can write...
mariettiacctservApr 211 minWhat is the SALT Cap?You may have heard the term "SALT" cap, but what is it and how does it affect you? The Tax Cuts and Jobs Act of 2017 included a limit on...
mariettiacctservApr 32 minHow Long Do I Need to Keep Records?We get this question a lot, how long do you need to keep documentation related to your financial and tax records? 3 Years in Most Cases...