Tax Deduction Myths! The tax laws listed out in full glory on the taxpedias might at most times seem too overwhelming for us to understand and interpret. So, there is bound to be a lot of confusion on… March 14, 2012
How would you qualify for home office deduction? If you use part of your home for business, you may be able to deduct expenses for the business use of your home. The IRS has the following six requirements to help you determine if… March 14, 2012
Reporting Capital Gains and Losses on Schedule D and Form 8949 The IRS has unveiled a new tax form for reporting capital gains and losses from stocks, bonds, mutual funds, and similar investments. Starting with the 2011 tax year, investment transactions will be reported on… January 12, 2012
Good news for all CPAs, accountants and bookkeepers! GKM Inc is focused on providing professional bookkeeping practices & tax preparation services to small businesses. In addition, it also provides special services to CPAs, accountants and bookkeepers. If you have your own practice… December 2, 2011
Budgeting for small business Budgeting for small business might seem an overtly complex exercise for some business owners. However, there are no hidden demons in budgeting if a realistic estimate of spending is made possible and priorities clearly established. A… November 19, 2011
IRS tips for employers outsourcing payroll Outsourcing payroll duties to third-party service providers can streamline business operations, but the IRS reminds employers that they are ultimately responsible for paying federal tax liabilities. Recent prosecutions of individuals and companies who - acting… November 19, 2011
How to get through an IRS audit? A majority of us manage to get through the tax season with only the refund check from the IRS. A few not-so-lucky ones end up getting IRS audit done – nothing is more alarming for… November 18, 2011
Embrace accounting to ride out the recession! Due to the global economic turmoil, individuals and businesses need highly reliable information that takes all of the latest data and trends into account. CPAs are increasingly required to assist in meeting the ever-evolving global… November 18, 2011
Choose the right professional for your tax preparation! Tax laws keep changing every year, and they are so complex that the process of claiming any savings on offer is itself more trouble than its worth. You have decided on hired help for tax… November 18, 2011
