Year-End Tax Moves: Smart Strategies to Lower Your Tax Bill
Year-end tax strategies include deferring income, accelerating deductions, maximizing retirement savings, tax-loss harvesting, charitable donations, using FSAs, bunching deductions, claiming home office deductions, and seeking professional advice to optimize your savings.
Taming the Invoice Tango: How Outsourced Bookkeeping Services Can Manage Your Accounts Payable & Receivable
Learn how Chattanooga bookkeeping services streamline business finances. By managing accounts payable and receivable, they improve cash flow, ensure timely payments, and generate valuable financial reports. This allows business owners to focus on growth and make informed decisions for future success.
From Side Hustle to Smart Business: Tax Tips for Social Media Influencers
Social media influencing is considered a business by the IRS. Stay organized with income and expense tracking, understand relevant tax forms, maximize deductions, and consider professional help to ensure you're tax compliant and maximizing your earnings.
The Importance of Outsourcing Payroll Services for Your Plumbing Business
Outsourcing payroll for your Chattanooga plumbing business saves time, ensures accuracy, and maintains compliance. Learn how customized payroll solutions can help improve efficiency and employee satisfaction while reducing risks.
The Home Office Deduction: Turning Your Workspace into Tax Savings
The home office deduction can save you money if you have a dedicated workspace used regularly for business. Calculate your deduction using either the simplified or regular method, and report it on Form 8829. Beware of red flags like mixed-use spaces or poor documentation.
The Importance of CPAs for Contractors in Tennessee, Even for Small Projects
In Tennessee, contractors bidding on projects under $25,000 don't need a CPA-reviewed financial statement. However, working with a CPA offers benefits like accurate financial management, tax planning, strategic advice, and risk management, helping contractors achieve stability, growth, and long-term success beyond mere regulatory compliance.
Payroll Decoded: DIY vs. Outsourcing for Business Success
Managing payroll in-house can be complex and time-consuming. Outsourcing to Callison CPA offers expertise, saves time, and ensures accuracy. Consider outsourcing if your business is growing, payroll is increasingly complex, or you're experiencing errors and missed deadlines.
Building Your Dreams, Building Your Business: How to Get a Contractor's License in Tennessee
Earning a contractor's license in Tennessee unlocks business opportunities in the state's booming construction industry. Passing exams, securing finances and insurance, and registering your business are all part of the process. Learn how to obtain your license in Tennessee and how Callison CPA can help partner with you for success!
The October 15th Tax Deadline: Why It Matters and What You Need to Know
The October 15th deadline applies to those who filed an extension, live abroad, or are in eligible military service. It extends your filing time, NOT your payment deadline. Penalties for missing it are steep, so e-file by the deadline, pay what you can if unable to file, or contact the IRS for help.
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.