Tax-related issues can be too complicated for most people to handle. For this reason, it is vital to hire a tax professional to help you with tax preparation. It may seem cost-effective to do it yourself, but it is not. If you try to do it on your own, you might realize that it is more challenging than you had thought, and it is better to hire a professional tax service provider to avoid making costly mistakes. Read More»
In 2018, sports betting became legal in many states. In addition to becoming legal, sports betting is easier than ever thanks to new sports betting apps that allow you to make sports bets in real-time. Not only is this a fun hobby for many, but it can also be quite lucrative in some cases. What some sports betting enthusiasts don’t realize is that you are required to report any income from gambling and pay taxes. Read More»
Writers who act as sole proprietors can have tax situations that are more complicated than many other professionals. Hiring a tax planner for help is always recommended. Check out a few of the common mistakes writers make on their self-filed taxes. Mistake: Not taking advantage of business-related losses after an investment. Did you spend a lot of time and money to create a book and you had no sales? You may be able to claim a business loss on your taxes. Read More»