Alicia Tuovila
CPA
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Tax attorney or CPA: Which does your business need?
Tax professionals help with tax planning and advising clients in complicated tax situations, but there are some key differences. Here's how you can…
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What Is a Tax Amendment?
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If you're doing business in California, here are some important things you need to know about property taxes.
Guide to R&D tax credits
The research and development (R&D) tax credit is a useful tool for a business to substantially decrease its tax liability. Many businesses that…
What Is Franchise Tax?
Some states implement a franchise tax on businesses for the privilege of being chartered or operating within their borders. Unlike a state income tax…
What Are Prepaid Expenses?
Why are prepaid expenses considered assets? Prepaid expenses are recorded as an asset on a business's balance sheet because they signify a future…
10 key tax deductions for your small business
Own a small business? You may benefit from utilizing these 10 deductions to lower your taxable income. Key deductions include those for home office…