Cardinal Tax Newsletter
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Bookkeeping for Roofers
Bookkeeping is essential for roofing contractors. It provides a clear financial picture, enabling informed decisions, tracking profitability, and planning for the future. Effective bookkeeping helps monitor cash flow,…
4 min read
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SMB Owner Wrote off $308,000 using the August Rule, Gets Hammered by IRS
The Tax Court’s recent decision in Kunjlata J. Jadhav and Jalandar Y. Jadhav v. Commissioner serves as a stark reminder of the importance of proper documentation and reasonable…
4 min read
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Common Misconceptions About U.S. Taxes
Navigating U.S. Federal Taxes Navigating the complex world of U.S. taxes can be daunting. Many taxpayers find themselves tangled in myths and misunderstandings that could cost them money…
4 min read
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Using Short-term Rentals to Offset W2 Income
As a CPA who is not only versed in the intricacies of tax loopholes but also an owner of a short-term rental property myself, I understand firsthand the…
4 min read
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Maryland Tax Deadlines and Extensions for the 2023 Tax Year
Stay Ahead of the Game: Maryland Tax Deadlines and Extensions for 2023 Are you a Maryland resident or heavily involved in business operations within the state? If so,…
4 min read
