Certified Public Accountant | Professional Tax Service | Taxanista https://taxanista.com/ Thu, 24 Oct 2024 23:43:50 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://taxanista.com/wp-content/uploads/2026/03/cropped-fav-32x32.png Certified Public Accountant | Professional Tax Service | Taxanista https://taxanista.com/ 32 32 Tips for Fiscal Year End Close https://taxanista.com/tips-for-fiscal-year-end-close/ Wed, 13 May 2020 11:02:43 +0000 https://taxanista.com/?p=805 “Invest in A Good Bookkeeping and Accounting System.” Angela Sticca Snyder (06:07-06:10) Are you prepared for the fiscal year-end? It’s critical to review your business financials as this information will be used to prepare your tax returns. How else are you supposed to analyze the performance of your business? In...

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]]> Tax Deadline Pushed Back Due to COVID-19 https://taxanista.com/tax-deadline-pushed-back-due-to-covid-19/ Mon, 11 May 2020 19:07:36 +0000 https://taxanista.com/?p=752   Sadly, there has been little NOT affected by the new and unseen crisis in our world today. COVID-19 has affected not only the health of thousands of Americans, but more importantly the economy altogether.  Taxes are no exception! In the last few weeks we have been seeing, global changes...

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]]> Tax Brackets & Income Buckets https://taxanista.com/tax-brackets-income-buckets/ Mon, 11 May 2020 19:07:14 +0000 https://taxanista.com/?p=753 How Do Taxes Work? “You should diversify your tax income streams because having multiple means you could control it.” – Eric Elam (11:39-11:48) How do taxes work in America? Let’s break it down simply. Taxes might not seem likean exciting subject, but most people don’t know how taxes work. Financial...

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]]> Love Saving on Valentine’s Day https://taxanista.com/love-saving-on-valentines-day/ Mon, 11 May 2020 19:04:34 +0000 https://taxanista.com/?p=747 You have heard the famous sayings: Love is in the air, love at first sight, and the ever true – all is fair in love and war! Well, these sayings may be true in some sense, but the day of love- Valentine’s Day can make you feel that the only...

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]]> W-2 Vs.1099 https://taxanista.com/w-2-vs-1099/ Mon, 11 May 2020 19:03:54 +0000 https://taxanista.com/?p=746 “No receipt, no deduction with the IRS.” Angela Sticca Snyder (01:17-01:20) Many people may wonder what all those crazy numbers on top of their tax forms mean. Well, wonder no longer, there is actually a quite simple definition of what they all mean. Two of the most familiar form numbers...

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]]> Tax Brackets Explained https://taxanista.com/tax-brackets-explained/ Mon, 11 May 2020 19:03:24 +0000 https://taxanista.com/?p=748 “You want to be at the highest tax bracket you can possibly be at.” Angela Sticca Snyder (01:01-01:04) The IRS revealed the 2020 tax brackets, and it’s never too early to start planning to reduce money owed for taxes. You can start thinking ahead about how to handle your 2020...

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]]> Save so Much This Halloween It’s Scary https://taxanista.com/save-so-much-this-halloween-its-scary/ Mon, 11 May 2020 18:44:34 +0000 https://taxanista.com/?p=741 Every year October marks the start of the holiday season, and we all know what that means! Money, money, everywhere! We all know that Christmas, but is it really that bad starting all the time, but is it really that bad starting all the way back here in October? Well,...

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]]> Tax Identity Theft https://taxanista.com/tax-identity-theft/ Mon, 11 May 2020 18:44:19 +0000 https://taxanista.com/?p=740 No one wants to get that unexpected call. No one walks to hear those words. No one wants to be the victim of tax identity theft. It is sad that tax identity theft is even a worry on people’s mind, but the truth is, it happens more than any other...

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]]> Difference Between LLC and S-Corp https://taxanista.com/difference-between-llc-and-s-corp/ Mon, 11 May 2020 18:41:10 +0000 https://taxanista.com/?p=739 “You’re Taxed Where You Do the Work” Angela Sticca Snyder (01:24-01:27) Finances play an essential part of any business. Every business must file tax returns and make payments on income at the state and federal level. It is necessary to document the cash flow for business analytics. In this episode,...

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]]> Rental Advantages https://taxanista.com/rental-advantages/ Mon, 11 May 2020 18:35:03 +0000 https://taxanista.com/?p=735 Sell Your Rental Now and Harvest Your Losses  One drawback of owning rental property is “suspended unused passive losses.” For many owners, the rentals are considered a passive activity and not their main job.  If for example, your income is over $150K and you are married filing joint, you cannot...

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