Are you ready to file your taxes, but feeling overwhelmed by all the paperwork you need to gather? Don’t worry, I’ve got you covered! As an Incite Tax Genius, I’m here to guide you through the process with a few twists and turns that will keep you on your toes. First things first, you need to know what documents you need to file your taxes….
What vehicle expenses are tax deductible? Are you ready for some laughs? Let’s talk about car deductions on your taxes! We all know that owning a car can be expensive, but did you know that you can actually deduct some of those expenses on your tax return? That’s right, the IRS is willing to cut you a break if you use your car for business…
A checklist for bookkeeping. What does that look like? First of all, we recommend that you update your books no more than once a week with a checklist for bookkeeping. More than once a week is just a lot of unnecessary effort. We follow the Profit First system, so a lot of our clients and a lot of our recommendations also will fall into biweekly,…
Bookkeeping Red Flags | John Briggs – Incite Tax What are some bookkeeping red flags to watch out for? The first red flag is you want to run a profit and loss statement by month. When you’re looking at the statement, it’ll show January, February, March, April, however many months you’re looking at in separate columns. You wanna notice trends, mainly inconsistent trends. If…
Tax Tips to Clean Up Your Books with a Monthly Bookkeeping Checklist The first thing you want to do is make sure that you actually have all of your transactions in your accounts. Accounting software has a reconciliation function. Reconciliation is an accounting word that basically means you go in and look at your books. You can see the transactions inside of your book software…
Forecasting financials for the next year can be a daunting task. Sometimes it feels like a guessing game or worse, pointless. But after following these steps of the best way to forecast revenue and expenses, you’ll have a roadmap to guide you to success the way you want it. We have a free forecast template spreadsheet for you to use. The template is from my…
Incite Tax & Accounting is a Certified Public Accountant (CPA) firm with offices in Draper, Utah. With over 10 years of experience handling business taxes for large and small Utah companies, Incite Tax is one of the most qualified business CPA firms in all of Utah. No matter your tax needs, Incite Tax is the firm for the job.
Incite Tax believes in sticking it to the IRS. If you’re looking to better your financial situation contact us!
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