From the time we start working as young adults, we begin to form lifelong beliefs about taxes. One of the most common beliefs is this: “As long as I don’t owe, that’s all that matters.” Unfortunately, that belief is a myth — and buying into it can cost you a lot of money over time. […]
Why Getting a Big Tax Refund by Overpaying Taxes is a Bad Idea Read More »
Sole proprietors who work as independent contractors pay taxes differently than people who work as hourly or salaried W-2 employees. If you’re a sole proprietor, you have one very important tax advantage that W-2 employees don’t have: the opportunity to write off a variety of business expenses in order to lower your taxable income. “What
“What Can I Write Off?” | Tax Tips for Sole Proprietors Read More »
For many employees, the concept of allowances has been one of the most perplexing aspects of calculating one’s income tax. Here is some essential information on allowances and how they coincide with calculating income taxes, in addition to some recent changes made to tax withholding in 2020. Tax allowances are claimed by an employee so
Understanding Tax Allowances and Withholding Read More »
End2End TaxPros is a Southern California based tax and accounting firm that provides clients with strategic tax planning, consultation and preparation services as well as bookkeeping and accounting support.
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