by PSA CPA | Sep 1, 2024 |
What Are Income Statements? Income statements, often referred to as profit and loss (P&L) statements, are financial reports that summarize an entity’s performance over a set time period. These documents are crucial for businesses and individuals alike,...
by PSA CPA | Aug 1, 2024 |
Beyond just being our best friends on long drives and cozy laps in the winter, animals can also be effective medicinal therapies in certain cases. You’ve come to the correct place if you’re an American taxpayer curious about how owning a service animal can...
by PSA CPA | Aug 1, 2024 |
This summer, taxes are most likely the last thing on your mind, but bear with us! In fact, the summer is a great time to do a mid-year financial review and evaluate your tax status. Here are some summer tax decisions you can make to save yourself some money come tax...
by PSA CPA | Aug 1, 2024 |
You may be able to deduct home office expenses from your taxes if you are self-employed and operate from home, even if it’s just part-time. Unfortunately, the incredible home office tax deduction that you have been hearing so much about does not apply to...
by PSA CPA | Aug 1, 2024 |
There’s generally a mix of excitement and fear around tax season. However, what if we told you that saying “I do” can actually have financial benefits? Joining forces with your spouse to file jointly can result in substantial tax savings. We’re...
by PSA CPA | Aug 1, 2024 |
Bereavement of a loved one is a difficult and emotional period. Unfortunately, even while mourning, there’s the pragmatic issue of managing their money, which includes paying taxes. This list will walk you through the procedures and things to think about when...
It’s interesting to see how Social Security benefits are taxed differently depending on income and location. I didn’t realize only…