by LittleOwlCPA Admin | Jul 7, 2023 | Small Business
Choosing the right business structure is a critical decision for small business owners. The business structure you select will impact your legal and financial responsibilities, taxation, personal liability, and operational flexibility. It’s important to...
by Tabitha Regan, CPA | Jun 9, 2023 | Small Business, Tax Planning
Rental properties can be an excellent source of income and wealth accumulation for investors. However, understanding the tax implications and leveraging the available tax benefits is essential for optimizing returns. One crucial aspect of tax planning for rental...
by LittleOwlCPA Admin | Mar 17, 2023 | Individual Tax, News, Small Business
The Secure 2.0 Act of 2022 was signed into law on December 29, 2022. The act is a continuation of the SECURE Act of 2019. The new law addresses retirement provisions and is designed to help taxpayers save more for retirement. Updates to Required Minimum...
by LittleOwlCPA Admin | Feb 17, 2023 | Individual Tax, Small Business, Tax Planning
As a small business owner, you may be eligible to claim the home office deduction on your tax return. This deduction allows you to claim a portion of your home expenses as a business expense, which can lower your taxable income and save you money on your taxes. ...
by LittleOwlCPA Admin | Feb 10, 2023 | Individual Tax, Small Business
Tax season is here! It’s important to start preparing now and to know your deadlines to ensure a smooth and stress-free filing process in the months ahead. Know Your Deadlines It’s important to be aware of the various tax deadlines that apply to you...
by LittleOwlCPA Admin | Jan 27, 2023 | Accounting, Small Business
As a small business owner, it’s important to stay on top of your accounting and financial records throughout the year. Up-to-date records help you review your business in real time and keep a pulse on the bottom line. Solid financial data helps to ensure a...
