Tax Implications of the Inflation Reduction Act
By now if you watch the news you've probably heard about the budget increase for the IRS that is built into the Inflation Reduction Act. ...
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Carlie Smale
- Jun 22
- 1 min
Types of Services and Products You Can Add in QuickBooks Online
Are you needing to start tracking the products, services, inventory etc. that your business offers in QuickBooks Online but not sure...
2 views0 comments
Carlie Smale
- Jun 20
- 1 min
How to Add A New Vendor in QuickBooks Online
In the video linked below I go over the two best ways to set up a new vendor into QuickBooks Online so that you have all the necessary...
4 views0 comments
mariettiacctserv
- May 25
- 2 min
Vets with Pets: Your Pets May Complicate An Audit
If you're a veterinarian you most likely have a pet... or two... or more... Let's be realistic, you went into veterinary medicine...
5 views0 comments
mariettiacctserv
- May 24
- 1 min
Can 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...
11 views0 comments
mariettiacctserv
- May 23
- 2 min
How to Account for Livestock Breeding Fees
Let'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...
5 views0 comments
mariettiacctserv
- May 6
- 3 min
The S-Corporation Trap
Have 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...
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mariettiacctserv
- May 3
- 2 min
Understanding the New 1099-K Regulations
You may have heard that the 1099 reporting requirements have been changed. There’s a lot of misinformation and panic occurring over...
13 views0 comments
mariettiacctserv
- May 3
- 2 min
Tax Loophole: Rent Your Home to Your Business
A strategy that has been bouncing around social media recently involves renting your home to your business for a tax deduction. But most...
12 views0 comments
mariettiacctserv
- May 3
- 2 min
Expense 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...
2 views0 comments
mariettiacctserv
- May 3
- 2 min
Can 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...
9 views0 comments
mariettiacctserv
- Apr 26
- 1 min
How to Read a Profit and Loss Statement
As a business owner you should be looking at your profit and loss statement at least monthly. But what are you even looking at? The...
6 views0 comments
mariettiacctserv
- Apr 26
- 3 min
What 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...
0 views0 comments
mariettiacctserv
- Apr 26
- 2 min
Why You Should File Your Taxes Even if You Can't Pay
You 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...
4 views0 comments
mariettiacctserv
- Apr 22
- 2 min
How 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...
7 views0 comments
mariettiacctserv
- Apr 21
- 2 min
Can 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...
5 views0 comments
mariettiacctserv
- Apr 20
- 1 min
What 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...
7 views0 comments
mariettiacctserv
- Apr 3
- 2 min
How 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...
7 views0 comments