Author Archives: Ken Rogers

Many people have been working from home due to the pandemic, but only certain people will qualify to claim the home office deduction. This deduction allows qualifying you to deduct certain home expenses on their tax return when they file their 2021 tax return next year. The most important thing to note is that employeesContinue reading “Don’t loose your home office deduction – set up an accountability plan”

The pandemic has changed who we hire. In some cases it is about hiring contractors vs employees and in other cases it is about from where employees are located. In this article, we will focus on hiring employees in other states. The remote boom resulting from the pandemic has opened new and unique opportunities to expand one’sContinue reading “Remote Hiring”

The pandemic has changed who we hire. In some cases it is about hiring contractors vs employees and in other cases it is about from where employees are located. In this article, we will focus on hiring contractors vs employees. As states look to replenish depleted unemployment funds, I suspect that more audits around workerContinue reading “Employee or independent contractor and why it matters”

Homeownership can be expensive and may even feel out of reach for many Americans. The down payment, property taxes, maintenance, and utilities, plus mortgage payments and the cost of ownership can really add up. Throw in a real estate market with sky-high home values; you may be wondering if owning a home is worth it.Continue reading “What To Know About Tax Deductions For Homeowners In 2021”

The majority of small businesses don’t file taxes outside their home state. This is simply because they are typically local and don’t have physical locations or connections to any other states. But in our current interconnected and virtual world, small businesses have access to employees not only in other states, but also across the globe.Continue reading “How to Manage Multistate Tax Planning as a Small-Business Owner”

One of the best ways you can ensure your business is financially healthy is understanding a few key accounting rules and terms. The following are the basics of financial management that small business owners should know about: Don’t Mix Personal and Business Finances It’s recommended that you separate your personal and business finances. Why isContinue reading “The Basics Of Small Business Money Management”

It’s not news that this has been a crazy year. Many small businesses have been negatively impacted by the pandemic. And yet, there are a number of businesses that have continued to operate profitably, some that have even thrived. Millions of government loans were received. Some businesses took advantage of tax credits and payroll taxContinue reading “Questions To Ask Your Accountant This Year”

Tips For Managing Your Business’s Cash Flow At My Fiscal Office, we know how challenging cash flow can be for our clients.  Here are some tips on how to manage your small business’s cash flow. Know when to use a certain payment method. Sometimes, it might make sense to pay a fee or bill withContinue reading “Tips For Managing Your Business’s Cash Flow”

Why You Might Not Want to Roll Over Your 401(k) If you were one of the people who took advantage of a new opportunity, you might wonder what to do with the 401(k) you had with your former employer. Should you jump on a rollover? Should you try to put your old 401(k) into theContinue reading “Why You Might Not Want to Roll Over Your 401(k)”

4 Ways For The Self-Employed To Save For Retirement And Minimize Taxes Running your own business, being self-employed or even having a side hustle is a great way to move towards financial freedom. There are multiple options available when it comes to choosing a retirement plan. Which plan is the best will depend on yourContinue reading “4 Ways For The Self-Employed To Save For Retirement And Minimize Taxes”