ARTICLES

Self-employment tax is 15.3%, paid quarterly. Learn what to expect & consult a VAAS Tax Professional to manage taxes.

Cash flow statements reveal a company’s performance and health. Here's a simple guide to its parts and why they’re important.

Deduct business travel costs like transport, lodging, and meals (50%) if necessary, reasonable, and documented. Rules vary; get advice!

Balance liquidity and growth with smart working capital management. Optimize receivables, payables, and inventory for lasting success.

IT failures cost businesses $400B yearly. Prevent losses with risk assessments, strong cybersecurity, training, and recovery plans.

The 2025 Social Security wage base rises to $176,100. Prepare for payroll tax changes. Contact us for help with compliance and planning.

TCJA limits vehicle deductions however, self-employed CAN claim work miles, while others can only claim medical, charity, & military moves.

To deduct losses, you must prove your business is not a hobby. Profit intent must be shown through records, time, and expertise. Contact us

Separating real estate ownership from your business may reduce double taxation and boost asset protection. Contact us to learn more.

Draft partnership and LLC agreements to address key tax issues like guaranteed payments, partner liabilities, and retiree payouts. Read more

EAPs support employees’ mental health but may require ERISA, COBRA, HIPAA, or ACA compliance. Legal guidance helps ensure full compliance.

Remote work can cause double taxation and multi-state tax obligations. Employees and employers must be aware of these potential tax issues.

By 2026, the IRS plans to increase its audit efforts. Stay prepared with organized records and be ready to address any red flags.

Employers with 50+ full-time employees must file IRS Forms 1094-C and 1095-C to report health coverage and avoid ACA penalties. Contact us!

Partnerships and LLCs offer pass-through taxation, special allocations, and must plan for tax liabilities with proper agreements.

Your business may qualify for cash or accrual accounting. Each has benefits—contact us to find the best tax method for your situation!

Selling real estate? You may owe up to 25% in taxes, plus 3.8% NIIT. Rules are complex—contact us with questions and we'll guide you!

The 2024 elections could change U.S. business taxes as key parts of the TCJA expire in 2025. Stay informed on potential tax law updates.

Remote work is on the rise. Self-employed? You may qualify for tax deductions if you use your home office regularly and exclusively.

Key tax deadlines for employers in Q4 2024. Ensure timely filings and payments. Contact our team for more details.