Category: News
Government Shutdown: What Does it Mean for Taxpayers?
The government shutdown ended January 25th after 35 days of uncertainty and turmoil. With the government now open for the next three weeks, many Americans are wondering – what does this mean for my taxes? Experts have warned that the shutdown will be causing “major” delays for the IRS. They cite evidence from the 16-day […]
Holiday Gift Giving and Tax Deductions for Business Gifts
If you’re anything like most business owners trying to close out the year and prep your tax filing this month, there are a number of holiday expenses you can deduct that could save you thousands of dollars. As a business owner, you know the importance of maintaining and strengthening your relationships with clients. One proven […]
Holiday Travel: Tips for Write-Offs
The end of the year is a big time for businesses. In Q4, you’ll need to get your taxes in order, so you can enjoy the holiday and also prepare for the New Year. The question remains, how much of it can be written off and what are the rules one must play by? Understanding […]
Get “The Feds” Off Your Back by Filing Delinquent Tax Returns
Are you behind on your U.S. taxes? Semaphore Tax can help file back tax returns, so you can sleep well again at night. Every year, the Internal Revenue Service (IRS) gets more sophisticated in improving their methods of identifying delinquent tax filers. Regardless of the cause of your back-tax filing problem, you need to take […]
5 Easy Ways To Spot IRS Scam Calls
IRS Scam callers are targeting people just like you, yes, even Tubers, every year in a decades-old scam involving, or rather, claiming to involve, the IRS. Don’t fret. This post will prepare you to avoid these scams and keep your money in your pocket, where it belongs. Fact: The IRS will never, ever call you on […]
Influencers: Tips For Reporting Your Income
In the past two – three years brand influencing has changed quite a bit. No longer do celebrities influence our every purchase or travel decision, but individuals who’s posts inspire and gain a strong following are now considered influencers or micro-influencers. It’s a $500 million industry today that will grow to $5 billion to $10 billion […]
5 Things Youtubers Shouldn’t Forget To Deduct In Tax Season
In the YouTube/new media world, owning your own business has taken on a totally different shape. As a creator, everywhere you go and everything you do could potentially be related to your business. That’s why it’s super important to keep track of your expenses because, come tax time, deductions are your friends! Here are 5 […]
Tax Hack: Deductions
A little life hack or better yet “tax hack” for you to get your taxes in order and know which deductions you may qualify for this year. Tax season is just around the corner, and we are sure that you have started googling your life away trying to figure out what to do. Luckily for […]
Tax Tips For The Self-Employed
When you begin earning income by carrying on your own business, there is much to learn. Sole proprietors and independent contractors are two forms of self-employment. One major hit of being self-employed, is the self-employment tax one takes on. This additional tax hit can be up to 15.3%. A Schedule SE, Self-Employment Tax, can be used […]