Becoming a small business owner requires next-level money management. Here are a few ideas to make it easier for you: Keep your Eyes on the [...]

Receiving a letter from the Internal Revenue Service (IRS) can be intimidating and can lead to many questions, such as: What to do when you [...]

Hi Abe! I have a TON of receipts on the truck I am keeping as an independent contractor. What are the IRS rules regarding keeping [...]

Hi Abe, How much should I be saving for my quarterly taxes? I’m glad you’re thinking ahead! It’s recommended for independent contractors to save between [...]

Year after year, we get questions on who can be claimed as a dependent on an income tax return. For some taxpayer’s the answer is [...]

Being a small business means keeping on top of a lot of details.  It’s easy to get overwhelmed and fall behind.  Here are some ideas [...]

Hi Abe! I am getting ready to sign a contract to act as a lease operator under a Limited Liability Company (LLC). Will I have [...]

For 2021 only the child tax credit has been increased from $2,000 per child to $3,000 per child from ages 6-17 and $3,600 per child [...]

At some point, you may need to speak with a Client Service Representative.  You could have a question, need to resolve an issue, or need [...]

Planning and mapping out a 10-hour drive is something that I have enjoyed doing on more than a few occasions in my life. This type [...]

Over this last year, I’ve heard the term the ”new” normal over and over because life during this pandemic has been ”odd.” I am happy [...]

The birds are chirping, the flowers are blooming and Tax Deadline is fast approaching. This tax year much like last has been a challenge for [...]

Hey Abe! I recently received my quarterly estimate for Abacus, but did not have the full amount of money recommended to pay in. What should [...]

Hi Abe! My family and I are moving across state lines this year? What changes could this mean to my taxes as a self-employed person? [...]

Self-employed individuals can use a portion of their home in order to conduct business as a home office. Whether you rent or own your home, [...]

Community property laws affect how you figure your income on your federal income tax return if you are married, live in a community property state [...]

While every American who earns an income has to pay taxes, many taxpayers can reduce how much tax they owe by claiming deductions and credits. [...]

Choosing the correct filing status is critical in the preparation of your tax return, because it determines what tax bracket you fall in and how [...]

Q: Abe! I was recently filling out my tax organizer and I saw that I can receive a copy of my tax return with something [...]

Q: Abe! I was wondering if I should lease a truck or try to purchase one outright. What are some of the differences that I [...]

Running your business well is great, but to truly OWN IT and recognize what that means will be the difference between just getting by year [...]

WOW! What a year 2020 was. I don’t know about you, but I am ready for a fresh start this New Year. 2020 had its [...]

Q: What is a tax organizer and why do I have to fill out a tax organizer for every year I file? Abe: The Tax [...]

We have all had a disappointing experience with a business before, and with the internet and social media these days it is easier than ever [...]

Hey Abe! What counts as a deduction for my business? Abe: The guidelines to remember with business expenses are that they must be ordinary and [...]

Over the course of the year, one of the most proactive decisions you can make as an independent contractor is to pay your quarterly estimates. [...]

Hi Abe, How much should I be saving for my quarterly taxes?  Abe: I am glad you asked this important question. It is often recommended [...]

You may not know the feeling of getting a letter in the mail from the IRS. It can cause you to worry and assume the [...]

Hi Abe! I recently tried making a quarterly tax payment and was informed that I needed to make my payment as a personal tax payment [...]

An entrepreneur/business person is a person who sets up a business. The term "businessperson" may refer to a founder, owner, or majority shareholder of a [...]

You know when you go on vacation or are over the road for extended periods, and you come home, and the mailbox is SO full [...]

Have you heard of cryptocurrency? Chances are you have come across the term before, but have you ever wondered what cryptocurrency is and how it’s [...]

Hey Abe! Can I run a second business under my trucking LLC? Abe: Oooh, Thanks for asking this one. The answer to this question is [...]

Rental properties can be a great way to provide a consistent source of income. An investment in a rental property can provide you with monthly [...]