Taxable

Taxable vs. Nontaxable Income

Are you wondering if there’s a hard and fast rule about what income is taxable and what income is not? The quick answer is that all income is taxable unless the law specifically excludes it. But as you might have guessed, there’s more to it than that. Taxable income includes any money you receive, such […]

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Bookkeeping Services

Bookkeeping Services for Restaurants

As experienced accounting professionals, M&A Accountants offers clients the benefits of bookkeeping services that are specific to their unique industry. Through restaurant bookkeeping and accounting, our team is able to provide business owners with the organization, documentation, and tools they need to keep their companies running and maintain compliance with all accounting and tax filing […]

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Tax-Loss Harvesting

  We’re heading into the year-end holiday season, which means it’s time to start considering tax-loss harvesting It has been a rough year for the stock market. Diversified indexes like the S&P 500 or Nasdaq are down 18-30%, tech favorites like Amazon and Netflix are down 40-60%, and Crypto like Bitcoin or ETH are both […]

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financial tips 2023

5 Smartest Money Moves for 2023

With 2023 just days away, could there be a more confusing time for investors? On one hand, the discussion is all about the upcoming recession — but is there actually going to be one? On the other hand, the discussion is also about the inflation monster, which has seriously impacted all of our wallets. For […]

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tax

5 Basic Tax Terms

1- Gross Total Income – The process of filing tax returns begins with the computation of your Gross Total Income (GTI). GTI includes salary income; income from house property; profit and gains of business & profession; capital gain and income from other sources. These are computed after adjusting for the relevant exemptions under each head, […]

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maacountantsllc

Worst Financial Decisions You’ll Regret Later

Bad financial decisions are the wrong actions or practices that cripple your finances. When you make bad decisions concerning your finances, you may find it difficult or impossible to save money, invest, build an emergency fund, or accomplish certain financial goals. There are so many ways people make bad financial decisions. Nonetheless, here are a […]

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5 Ways to Stay off The IRS Audit Radar

1. Underreporting income – Underreporting income would be the first red flag. Unintentionally leaving out a small portion of your income may not get you audited. But if there’s a bigger discrepancy between the income you actually earned and what you reported on your return — and if it’s intentional — chances are higher that […]

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Taxpayers

6 Taxpayers tips

There are different kinds of tax preparers, and a taxpayer’s needs will help determine which kind of preparer is best for them. With that in mind, here are some quick tips to help people choose a preparer. When choosing a tax professional, taxpayers should: Check the IRS Directory of Preparers. While it is not a […]

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10 jobs of an accountant

10 jobs of an accountant.  Specialties to consider With so many different facets of accounting, you don’t have to lock yourself into a single career path before pursuing your degree. The knowledge and training you receive in the classroom will likely help you home in on an area of interest. But until then, these brief […]

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