New To Filing Taxes? What You Need To Know About Filling Out A 1040 Tax Form
20 October 2018
Most individuals fill out a 1040 tax form. This tax form is the general tax form that most individuals use for filling out taxes. Although this is one of the easier tax forms to fill out, it still requires a lot of information and attention to detail be used while filling out the form.
Start with Personal Information
At the top of the tax form, you just need to provide your basic personal information, such as your name, address, and social security number.
3 Tax Tips For Low-Income Individuals
27 September 2018
If you fall into the low income bracket this tax year, there are a few things that you can do to ensure that you reduce your tax burden and maximize your return come tax time.
#1 Contribute to Your Retirement Fund
If at all possible, try to contribute to your retirement fund. You will get a tax credit for contributing to your retirement fund. This tax credit is larger if you are in a lower income bracket than if you are in a higher income bracket.
5 Things To Deduct As A Business Expense As A Delivery Driver
31 August 2018
There are lots of different ways to be an independent delivery driver in today's economy. You can deliver groceries, food, medication, and all sorts of supplies as a delivery driver. If you just started as a delivery driver this year, make sure that you are keeping track of all of your business expenses so that you are able to claim as many deductions as possible.
One of the biggest deductions that you can take when you are a delivery driver is mileage.
Your Responsibilities As A Restaurant Owner For Reporting Tips
23 July 2018
For wait staff, tips often make up a large percentage of the wait staff's income. If your business is allowing customers to accept tips, you will need to be prepared to perform the accounting necessary to report these tips properly.
Cash Vs. Credit Cards
With cash tips, the process is not as difficult. The wait staff keep the tips and are required to report any tips they earn. However, customers often do not have cash and rely on credit card tips.