30 Important Tax Tips You Must Know to Reduce Your Taxes! - #16 Health Savings Account
HSA (Health Savings Account), like a savings account but only used for qualified healthcare expenses. They can help you with...
30 Important Tax Tips You Must Know to Reduce Your Taxes! - #15 Retirement Contributions
Tip #15: Retirement Contributions. Retirement contributions can be pre-taxed or after-taxed, depending on whether the retirement plan you...
Good News! PPP 2 (PPP Round 2) Is Here! Who Qualifies, Tax Updates, and More!
The second round of the Paycheck Protection Program (PPP 2) is now thanks to the new relief package Congress has approved! The $900...
30 Important Tax Tips You Must Know to Reduce Your Taxes! - #14 Should You Pay Your Kids
Tip #14: Should You Pay Your Kids? When you hire your children, you can get a business tax deduction (for employee wage expense)....
Happy Holidays From All of Us At XQ CPA 2020!
2020 has been a difficult year for many this year, however, from all of us at XQ CPA, we would like to thank you for your continuous...
30 Important Tax Tips You Must Know to Reduce Your Taxes! - #13 Should You Pay Yourself
Tip #13: Should You Pay Yourself Now? One of the most common questions business owners ask especially approaching the holiday season. ...
30 Important Tax Tips You Must Know to Reduce Your Taxes! - #11 Missing Out-of-Pocket Expenses
Tip #11: Missing Out-of-Pocket Expenses. When going out for a business trip or to get some supplies for the office, you may have...
30 Important Tax Tips You Must Know to Reduce Your Taxes! - #10 What is Fully Deductible
Tip #10: What is fully deductible, partially deductible, and non-deductible? We all want to maximize our deductions so we can reduce our...
30 Important Tax Tips You Must Know to Reduce Your Taxes! - #12 Should You Buy a Car?
Should you buy a car? Maybe around this time of the year, you’re thinking of getting a new car for your business. Before you jump into...
30 Important Tax Tips You Must Know to Reduce Your Taxes! - #9 Missing Credit Card Expenses
Tip #9: Missing Credit Card Expenses. Business credit card expenses is a common mistake that business owners make when they submit their...
