Small Business Income Tax Preparation – Guide to File Schedule Form C
The information provided in this article is for small business owners filing income tax returns on Schedule C with their personal tax return (Form 1040). It includes sole proprietors and single-member LLC, owners. Preparing and filing taxes is an overwhelming task. Many small business owners struggle to understand how their tax liability is determined. They […]
How Is Rental Income Taxed in California?
If you are someone who owns rental property in California that has tenants who pay you rent, then it is crucial that you declare any rental income that you gain from that property. You can declare your rental income by including it in your tax return. You can also include any expenses incurred due to […]