Do I Need to Pay Taxes on Things I Sell Online?
Online sellers, especially in Chattanooga, need to understand the changing tax rules. The IRS is increasing scrutiny, lowering reporting thresholds for 1099-Ks. Distinguishing between hobby and business sales is crucial, as is understanding capital gains and self-employment tax. Callison CPA can help navigate these complexities.
Electrifying Your Business Growth: How a CPA Can Help Electrical Contractors Thrive
Callison CPA helps Tennessee electrical contractors thrive. Services include payroll, bookkeeping, tax preparation, and contractor financial statement reviews for licensing. CPAs provide expertise, improve cash flow, and ensure compliance with regulations.
What’s New This Tax Season?
This year’s tax season brings key changes, including a lower 1099-K threshold for online sales and increased penalties for underpayment. While core tax laws remain largely unchanged, disaster relief provisions and enhanced IRS online services are notable updates. Callison CPA in Chattanooga can help you navigate these changes and maximize your tax savings.
Welcome to Tax Season. Let’s Go!
Callison CPA helps you navigate tax season with ease. We offer expert tax preparation and filing services for individuals and businesses. Gather your documents, note key deadlines, and contact us today for personalized support.
How to Be Prepared for Your Tax Preparer
Preparing for your tax preparer is crucial. Gather all necessary documents, including W-2s, 1099s, and investment statements. Organize them and track mileage. Review your prior year's return. Ask your CPA questions. Be organized and proactive. Consider using a CPA for their expertise and peace of mind.
Start the New Year Right: Accounting and Bookkeeping Tips for Small Businesses in 2025
Start 2025 strong with smart accounting and bookkeeping strategies. Review 2024 financials, create a budget, automate bookkeeping, separate finances, and plan for growth. Stay on top of tax deadlines, payroll compliance, and tax law changes. Partner with a CPA for tailored support and proactive planning to ensure a successful year.
Closing Out the Year: A Step-by-Step Guide for Chattanooga Businesses
Let’s take a look at the importance of year-end closing for businesses, outline the steps involved, and review tips for a smooth process. This blog post explains the benefits of accurate financial statements and highlights the expertise of Callison CPA in assisting businesses with this crucial task.
Clean Up Your Books, Boost Your Bottom Line
Learn about the benefits of year-round bookkeeping for small businesses and how a reliable bookkeeping service can help clean up financial records, improve efficiency, and enhance profitability.
How a CPA Firm Can Help Your HVAC Business Thrive
A CPA firm can help HVAC businesses with various financial tasks, including licensing, bookkeeping, payroll, and tax preparation. This frees up business owners to focus on their core operations and ensures financial compliance.
All content on this blog is intended for general informational purposes only and does not constitute legal or professional advice. Please contact a member of our team for accounting advice specific to your situation or needs.