You are here

Home

Blog

End-of-Summer Tax Checkup

Submitted by Debra Rodway on Wed, 2024-09-25 15:49

 

Why You Should Revisit Your Tax Withholdings 

As the summer draws to a close, the IRS is encouraging taxpayers to take a proactive step: review your tax withholdings or payments now to avoid surprises during next year’s tax season. It is easy to put off thinking about taxes, but making necessary adjustments now can save you from stress—and potential penalties later. 

A Guide to Home Office Deductions

Submitted by Debra Rodway on Thu, 2024-08-29 13:41

 

Working from home has become increasingly common, and with it, the need to understand the tax implications of using your home for business purposes. This guide will help you navigate the requirements and benefits of claiming home office deductions.

 

Qualifying for Home Office Deductions

To take a business deduction for home office expenses, your home must be used under one of the following scenarios:

3 Financial Reports Every Business Owner Should Know

Submitted by Debra Rodway on Tue, 2024-07-09 15:55

 

Managing the financial health of your business requires a solid grasp of key financial reports that provide crucial insights into your company’s performance, profitability, and overall financial stability. Let’s explore in detail three fundamental financial reports every business should prioritize:

Tips for Small Business Owners to Manage Cash Flow

Submitted by Debra Rodway on Thu, 2024-06-06 09:06

 

Small business owners are often characterized by their passion, drive, and willingness to take risks. They work tirelessly to bring their innovative ideas to life, aiming to fill niches or serve customers in unique ways. However, no matter how brilliant the idea or how dedicated the entrepreneur, neglecting critical details like cash flow management can lead to significant issues.

Tax Benefits for Homeowners

Submitted by Debra Rodway on Tue, 2024-05-21 14:34

 

Owning a home can be a significant financial commitment, whether you're a current homeowner or planning to buy a home. Fortunately, there are tax benefits available through the IRS that can help you save money and offset some of the costs associated with homeownership. Let’s break down various tax deductions, programs, and housing allowances that homeowners should review to see if they are eligible.

Do You Qualify for an Education Tax Credit?

Submitted by Debra Rodway on Tue, 2024-05-14 15:36

 

Are you pursuing higher education, job training, or graduate studies? If so, you might be eligible for valuable tax credits to help offset the costs.

The IRS offers two main education tax credits: The American Opportunity Tax Credit and the Lifetime Learning Credit. These credits can also apply to your spouse or dependents' educational expenses.

But how do you know if you qualify for these tax credits?

more

Tax Tips, Resources & News

Our blog, news feeds, forms, and links to helpful resources are provided to help you find the answers you seek any time of the day or night.

Please call us at 330-779-0781 for assistance.  We're here to guide you through your business and personal accounting, tax questions and obligations.

Contact

DJL Accounting & Consulting Group, Inc.
1570 South Canfield-Niles Road #C102
Youngstown, Ohio 44515 

Phone:  330 779 0781

               

SECURE DOCUMENT UPLOAD

Click here to log in to Sharefile and securely upload your documents.

If you are new to Sharefile and need login credentials, call us at 330 779 0781.