Abating the IRS Underpayment of Estimated Tax Penalty
The Underpayment of Estimated Tax by Individuals Penalty applies to individuals, estates, and trusts who do not pay enough estimated tax throughout the year or pay it late. This penalty can apply even if you ultimately receive a refund when you file your tax return. This post breaks down how you know you owe the […]
Simplify Your S-Corporation Taxes with Hedgi AI
As a small business owner, navigating the complex world of S-Corporation taxes can be daunting. The good news is that technology is evolving to make this process more manageable. One such innovation is Hedgi AI, an app that leverages artificial intelligence to streamline your tax preparation, minimize errors, and identify critical tax deductions. What is […]
Understanding Business Income for Small Business Owners
Navigating the world of business income and taxation can be complex, but as a small business owner, understanding how to account for business income on your tax return is essential. This article will help you comprehend key aspects of business income, distinguishing what is considered income, and specific guidelines for various occupations. What Is Business […]
