Year-End Tax Strategies: A Smart Business Owner’s Guide to Saving Money
The holidays are approaching, and while you’re busy making plans for festive celebrations and well-deserved time off, don’t forget about your year-end tax planning! At XOA TAX, we believe that a little proactive planning can go a long way in maximizing your tax savings. Think of us as your friendly financial coaches, here to guide […]
What Do IRS Auditors Look For? Using ATGs to Avoid Tax Audits
Hey everyone, it’s XOA TAX, your trusted source for all things tax-related. Ever wished you could peek behind the curtain and see what IRS auditors are looking for when they review tax returns? Well, you actually can! The IRS publishes Audit Techniques Guides (ATGs) that provide valuable insights into their audit procedures for specific industries […]
Avoid Nonprofit Tax Troubles: Your Essential Guide
This comprehensive guide equips nonprofits with ten essential strategies to navigate the complex world of taxes, maintain compliance, and protect their valuable resources.
E-commerce Inventory Management: A CPA’s Guide to Success
This comprehensive guide helps e-commerce businesses master inventory management, understand accounting methods like FIFO and LIFO, optimize tax strategies, and leverage technology for success.
Owner’s Draw vs. Salary: Making the Right Pay Decision for Your Business in 2024
This comprehensive guide clarifies the differences between owner’s draw and salary for small business owners in 2024, exploring tax implications and helping you choose the best payment method for your business structure.
Restaurant Inventory Management Best Practices for 2024
Master restaurant inventory management in 2024 with these expert best practices, from implementing inventory management systems (IMS) and FIFO methods to optimizing supplier relationships and reducing food waste, to boost profitability and efficiency.
Restaurant Budgeting Guide: Keep Your Restaurant Financially Healthy
Learn how to create a thriving restaurant budget by mastering key expenses, following a step-by-step guide, leveraging technology, and understanding industry benchmarks, all with expert CPA advice.
10 Bookkeeping Tips for Small Businesses to Thrive in 2024
This blog post provides ten essential bookkeeping tips for small businesses to thrive in 2024, covering automation, financial forecasting, expense tracking, and more, helping owners streamline their finances and make informed decisions.
Why QuickBooks is Still the Go-To for Your Business in 2024
Discover why QuickBooks remains the top choice for small business accounting software in 2024, offering comprehensive features, cloud accessibility, AI automation, and robust reporting to simplify your financial life.
Navigating the $150,000 Passive Loss Threshold: A CPA’s Guide
Imagine this: you’ve invested in a rental property to generate some extra income and build long-term wealth. But instead of profits, you’re facing losses in the early years. The good news is, the tax code allows you to deduct these passive losses (PALs) against other income – but there’s a catch. There’s an income threshold […]
