August 26, 2021 / by Ktasha Hardge ("Tasha") / Uncategorized / 0 comments
Federal law requires you to maintain copies of your tax returns and supporting documents for three years. This is called the “three-year law” and leads many people to believe they’re safe provided they retain their documents for this period of time. However, if the IRS believes you have significantly underreported your income (by 25 percent […]
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Revenue vs Profit | 3 Things You Should Know as a Small Business Owner
August 31, 2021 / by Ktasha Hardge ("Tasha") / Uncategorized / 0 comments
Revenue vs Profit Here are 3 things you should know. 1. Your Revenue is the money your business earns from the products and/or services you sell. You might sometimes see other terminology being used when referring to this number. Sales Total would refer to sales to customers and clients. Rental […]
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How Long Should You Keep Your Tax Records
August 26, 2021 / by Ktasha Hardge ("Tasha") / Uncategorized / 0 comments
Federal law requires you to maintain copies of your tax returns and supporting documents for three years. This is called the “three-year law” and leads many people to believe they’re safe provided they retain their documents for this period of time. However, if the IRS believes you have significantly underreported your income (by 25 percent […]
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Child Tax Credit | Earned Income Tax Credit | Dependent Care Credit
August 12, 2021 / by Ktasha Hardge ("Tasha") / Tax Tips / 0 comments
Child Tax Credit monthly payments that some of taxpayers are currently receiving is part of next year’s tax refund for when we file our 2021 tax returns. Whether or not you qualify has everything to do with your AGI (Adjusted Gross Income). It is important that you have an understanding because if you don’t qualify, […]
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