Tag: accounting services

property taxes - sterling accounting

Managing Your Homeowners Property Taxes

property taxes - sterling accounting Are your property taxes taking a toll on your wallet? Chances are there are a few things you can do to lighten that burden…

“When your county or township does an assessment, it’s estimating the value of your property for tax purposes. What they want to know is, based on local sales and other trends, if your property’s value has gone up or down. If it’s declined, that’s good news, tax wise…” [ Read more here ]

real estate management - sterling accounting

NY County Officials Urging Homeowners To File Tax Disputes

Are your property taxes out of control? County officials from New York are urging homeowners and residents to challenge their taxes with a grievance. “Property owners who grieved have seen their median tax bills increase by $466, or 5 percent since 2010. The median tax bills of those who did not appeal rose by $2,748, or 35.7 percent, over the same period…” [ Read more here ]

Tax Rules To Know For Renting Out Your Home

Tax Rules To Know For Renting Out Your Home

Tax Rules To Know For Renting Out Your HomeDo you have a home that you’re using to rent out long term or to vacationers out for a time away from home? There are some important tax rules that you should know to stay on the good side of the IRS…

“The tax implications of renting out your home change dramatically if you decide to do so for longer than 14 days each year. If you only rent out your home for 14 days or less, then the IRS largely treats the enterprise as a nontaxable hobby….” [ Read more here ]

tax write off for ransom - sterling accounting

Can You Get A Tax Write Off If You’ve Paid A Ransom?

tax write off for ransom  - sterling accounting Well, this one is quite an interesting read… and I think you’ll be as surprised as I was to learn that if a business has been the victim of a hacking attack and has paid a ransom – there is a chance they can write off those losses on their taxes.

“The IRS defines a theft as the taking and removing of money or property with the intent to deprive the owner of it. The taking of property must be illegal under the laws of the state where it occurred and it must have been done with criminal intent…” [ Read more here ]

 

Experienced Accounting Services For Your Business

Are you spending too much time keeping the books, and not focusing on growing your business? The financial team, at Sterling Tax & Accounting Services, with over 15 years experience is waiting to help you with:

Accounts Receivable, Accounts Payable, Accounts Reconciliation, QuickBooks® Set Up and Training, Small Business Payroll, Processing Small Business Quarterly Tax Reporting, Annual Government Filing, Financial Statements, and More!

Contact the professionals today!