Luis Rivero, CPA

March 12, 2025 • 10 min read

Discover essential accounting tips for your landscaping business. Learn about bookkeeping, tax returns, and hiring a CPA.

March 12, 2025 • 12 min read

Discover effective strategies on how coffee shop owners can manage costs of goods sold and labor to maximize profits.

January 7, 2025 • 12 min read

Learn how to report interest and ordinary dividends with IRS Form 1040 Schedule B. Find instructions and updates for filing this form.

January 7, 2025 • 10 min read

Get essential insights on Schedule D (Form 1040) for reporting capital gains and losses. Learn to report sales of capital assets and more.

December 21, 2024 • 8 Min Read

Learn how to properly file your IRS Form 940 tax return for FUTA tax with our comprehensive article.

December 18, 2024 • 9 Min Read

Get the latest on the 2025 Form W-9, including updates on the IRS request for Taxpayer Identification Number (TIN) and certification.

December 18, 2024 • 7 min read

TurboTax covers a lot, but K-1s, crypto, and multi-state income change the math. Here's what TurboTax DIY and Expert Full Service publicly cover, what they don't, and when a licensed CPA or EA on Taxfyle is the better fit.

August 21, 2024 • 14 minute read

Business owners should know the tax implications and key differences between a C Corp, S Corp, and LLC. Learn which is ideal for you.

August 8, 2024 • 8 minute read

Learn the importance of bank reconciliation statements and how to compare your bank transactions and accounting records with your bank.

August 7, 2024 • 5 Minute Read

If you’re preparing to file your taxes and want to know if you and your spouse should file separately, we’re here to help.

August 6, 2024 • 4 Minute Read

If you find yourself wondering what’s the difference between a certified public accountant, CPA or an IRS Enrolled Agent, EA, check this out

July 29, 2024 • 13 minute read

Learn how to calculate and use net income in business. Understand the impact of sales, expenses, taxes, and interest on your bottom line.

July 22, 2024 • 9 minute read

Learn how to create and interpret a cash flow statement to understand a company's financial health.

April 5, 2024 • 9 minutes

Learn how to understand and complete IRS Form 1040 Schedule 2 for additional taxes.

April 4, 2024 • 5 minute read

If you received a severance package after losing your job, you may need to see how it involves your taxes. Our blog post can help.

April 4, 2024 • 9 minute read

Calculate your Powerball jackpot take-home payout after IRS federal and state taxes are withheld. Find out how much you'll take home.

April 4, 2024 • 7 minute read

Learn how to easily check the status of your Arizona state tax refund with the Arizona Department of Revenue.

April 2, 2024 • 8 minute read

Are you a senior age 65 or older looking to file your tax return? Get everything you need to know about using IRS Form 1040-SR.

March 28, 2024 • 10 Minute Read

Learn expert tips for maximizing your tax savings as a self-employed individual. Understand self-employment tax, income tax, and more.

February 29, 2024 • 11 minute read

Learn how to calculate, analyze, and integrate inventory in a balance sheet and income statement for a comprehensive understanding of financ

February 28, 2024 • 10 minute read

Learn how to calculate net sales by understanding the net sales formula.

February 27, 2024 • 11 minute read

Discover the average hourly rate for bookkeepers and how much bookkeepers charge for bookkeeping services.

February 23, 2024 • 14 minute read

Seeking answers for your unemployment tax refund? Learn how to file and more.

February 6, 2024 • 9 minute read

Learn how the IRS Tax Refund Offset Program and Treasury Offset Program work. Understand the process of refund offsets.

January 31, 2024 • 12 minute read

Learn how to calculate and understand rental property depreciation to maximize your tax deductions and minimize taxable income.

January 30, 2024 • 5 minute read

Learn how to complete the DE 4 form, California's Employee's Withholding Allowance Certificate, to withhold state income tax accurately.

January 30, 2024 • 7 minute read

Looking for official Virginia state income tax information? Visit the Virginia Department of Taxation website for all your tax filing needs.

January 18, 2024 • 12 minute read

Learn the difference between taxable and nontaxable income, including types of tax-free income. Understand how to reduce your tax liability.

January 18, 2024 • 14 minute read

Learn how to prepare a cash flow forecast and projection using a template, and gain vital insight into the cash flow of your business.

January 4, 2024 • 7 minute read

Discover the IRS tax refund schedule and find out how long it takes to get your tax refund.

January 4, 2024 • 7 minute read

Learn about the rules for deducting moving expenses and find out if your moving expenses are tax deductible.

December 20, 2023 • 10 minute read

Looking for information on taxes in Texas? Learn about the Texas state income tax, franchise tax, and more with expert advice.

December 20, 2023 • 7 minute read

Learn how to qualify for a homestead exemption and understand property tax exemptions to save on your tax bill as a property owner.

December 19, 2023 • 9 minute read

Discover the definition and benefits of bank statements for account holders, including required information and how they simplify banking.

December 18, 2023 • 10 minute read

Discover the definition, overview, and calculation methods of bad debt expense. Learn how businesses account for uncollectible receivables.

December 15, 2023 • 7 Min Read

What happens if I file my taxes late? Should I expect penalties? What happens as time passes?

December 15, 2023 • 11 minute read

File your 2023 Virginia tax return and check the status of your refund letter.

December 14, 2023 • 12 minute read

Learn how to maximize tax-free retirement savings with smart insurance strategies. How to get tax-free income from your retirement plan.

December 6, 2023 • 7 minute read

Gain a comprehensive understanding of Form 8615 for children with unearned income, including how to calculate the Kiddie Tax and its impact.

December 4, 2023 • 8 Minute Read

Claiming someone dependent on your taxes will save you money. After all, you have an opportunity to claim different dependents in your taxes

November 29, 2023 • 9 minute read

Learn how to report a 1031 exchange to the IRS with IRS Form 8824. Get tax instructions on reporting like-kind exchanges.

November 28, 2023 • 7 minute read

Understanding the Schedule K-1 Tax Form for Partnerships (Form 1065): Learn how to accurately report your income and contributions.

November 21, 2023 • 8 minute read

Learn the difference between loan principal and interest in mortgages. Find out how your payments go toward the amount you borrowed.

November 21, 2023 • 7 minute read

Discover the importance of accounts receivable (AR) in business operations and how to manage, record, and collect AR effectively.

November 20, 2023 • 8 minute read

Learn how to make an election using IRS Form 2553 for small business corp election with instructions.

November 20, 2023 • 7 minute read

Get expert advice and current state rates on SUTA, the State Unemployment Tax Act, a crucial aspect of payroll tax for small businesses.

November 20, 2023 • 7 minute read

Learn how to complete an ITIN application (Form W-7) with the IRS to obtain an individual taxpayer identification number for filing taxes.

November 17, 2023 • 7 minute read

Learn about the IRS tax levy process, including the legal seizure of your property to satisfy tax debt and common questions.

November 16, 2023 • 5 minute read

Learn how to calculate and file self-employment tax with Schedule SE (Form 1040) for your IRS tax return.

November 15, 2023 • 11 minute read

Gross profit is an item that appears in a business's income statement. It relates to the cost of goods sold and the profit a company makes.

November 15, 2023 • 10 minute read

Get the latest IRS guidelines for the 2024 EITC and Child Tax Credit changes. Learn how to qualify and maximize your refund when you file.

October 4, 2023 • 7 minute read

Running a business requires balancing several tasks. Here's why your bookkeeping should be up-to-date.

October 4, 2023 • 10 minute read

With the accounting labor shortage, making the most of your available staff is important. This article can help you deploy talent properly.

September 27, 2023 • 7 minute read

Having the same accountant do your business's bookkeeping and taxes can help it grow. Learn how through our blog.

September 13, 2023 • 5 minute read

Unlock career possibilities with an IRS Enrolled Agent credential. Enhance your profile, network, and explore new avenues for success.

August 9, 2023 • 5 minute read

2023 tax updates: No surprise IRS visits, disaster relief, ERC scam alert, better services. Stay informed

July 26, 2023 • 3 minute read

Boost your income as an accountant with side hustles: financial coaching, tutoring, workshops, writing, and freelance services.

June 14, 2023 • 5 minute read

Boost professional growth at accounting conferences: network, gain insights, fulfill requirements, embrace technology, find inspiration.

May 10, 2023 • 5 minute read

If your firm wants to continue hitting consistent growth, leveraging value-added services can help.

April 5, 2023 • 5 minute read

Organic content can be crucial to helping your firm reach new audiences online by boosting your firm's website on search engine results.

March 22, 2023 • 3 minute read

Don't rush through your taxes. There are simple mistakes that can trigger audits. Taxfyles is a stress-free, safe way to file taxes.

January 25, 2023 • 3 Minute Read

Learn how to reduce your tax hit while paying off student loans. Understand student loan tax deductions, credit opportunities, and more.

October 26, 2022 • 3 Minute Read

When it comes to operating your firm, you need to protect your staff from burnout and exhaustion. This blog post can help you avoid turnover

October 12, 2022 • 10 Minute Read

If you’re wondering how you can expand what you offer to clients, look no further. This blog can help you with value-added services.

August 10, 2022 • 2 Minute Read

A statement recently released by the IRS indicates that the agency is keen on boosting the audit rates for the wealthiest Americans.

July 20, 2022 • 3 Minute Read

This blog post will provide you with some helpful tips for running your own accounting practice.

June 15, 2022 • 3 Minute Read

While it may be challenging for them to flip the switch when it comes to not working, your advice can help ensure your clients’ future.

June 8, 2022 • 4 Minute Read

Instead of dashing away to a coworking space, here are 5 tips every accountant should know about turning your spare space into a home office

April 27, 2022 • 7 min read

Offshore and US-based tax outsourcing differ on IRS §7216 consent, state tax knowledge, and who keeps the review. Here's how the models compare, and what to ask any provider before the 2027 season.

April 20, 2022 • 3 Minute Read

Keep your financial data safe by following particular measures to minimize the increased danger of tax-related frauds and identity theft.

April 13, 2022 • 6 Minute Read

Filing a tax return is more enjoyable if you view taxes as a game. You need to maximize every deduction possible if you want to win!

July 21, 2020 • 2 Min Read

Didn't make the 2019 Filing Deadline? There's still a few things you can do today to save yourself from fees and penalties.

June 16, 2020 • 3 Min Read

Newly passed legislation works to help businesses by relaxing PPP requirements - What you need to know...

October 1, 2019 • 6 Min Read

Here is our list of the four most common types of bookkeeping systems and how they will work for your business. Learn more with Taxfyle!

August 22, 2019 • 5 Min Read

Running your own accounting firm or tax Preparation service is a stable and rewarding career -- but how do you deal with spikes in demand?

July 8, 2019 • 7 Min Read

Public accounting is facing a staffing crisis. If your firm wants a solution to its talent concerns, this blog post can help.

June 11, 2019 • 7 Min Read

Tax preparation outsourcing allows you to continue taking on new work without interruption and without making additional hires.