AI Bookkeeping Tools: What They Do Well and Where You Still Need Human Eyes
AI bookkeeping tools save time on data entry — but they can't read intent. Learn where automation helps and where human review protects your books.
John C Thompson, EA
Tag: Business Deductions
10 posts
Home Office Deduction: The Complete Guide for Remote Workers and Self-Employed Businesses
Work from home and run your own business? The home office deduction can reduce your tax bill — but only if you meet the requirements. Here's how it actually works.
John C Thompson, EA
Going Independent: Tax and Bookkeeping Essentials for New Tech Consultants
Making the leap from W-2 to 1099? Here's what changes on your taxes when you go independent — self-employment tax, estimated payments, deductions, and why bookkeeping matters from day one.
John C Thompson, EA
Schedule C Deep Dive: Self-Employment Income and Deductions
Complete guide to Schedule C for self-employed individuals. Learn how to report income, maximize deductions, and understand self-employment tax calculations.
John C Thompson, EA
Holiday Business Gifts, Parties, and Tax Implications: What's Actually Deductible
Navigate holiday business spending with confidence. Understand the $25 gift limit, 50% party deductions through 2025, and employee bonus rules to maximize tax benefits while avoiding costly mistakes.
John C Thompson, EA
Understanding Tax Credits: Major Credits for Individuals and Businesses
Learn about major tax credits including Child Tax Credit, EITC, education credits, and business credits. Understand refundable vs non-refundable credits and how to maximize your tax savings.
John C Thompson, EA
Strategic Year-End Moves for Business Owners Under the New Tax Law
Make these strategic tax moves before December 31st to maximize your business tax savings under the new OBBBA provisions. Equipment purchases, R&D expensing, and QBI planning strategies explained.
John C Thompson, EA
Tax Planning and Preparation: Your Year-Round Strategy Guide
Learn the difference between tax planning and preparation, and discover how year-round tax strategies can reduce your tax liability, maximize refunds, and eliminate filing season stress.
John C Thompson, EA
Side Hustle Tax Basics: What Every Gig Worker Should Know
Essential tax knowledge for gig workers including business classification, self-employment tax, quarterly payments, and deduction opportunities. Start your side hustle tax-smart.
John C Thompson, EA
Historic Tax Changes Are Here: The Greatest Hits from H.R.1 / One Big Beautiful Bill Act
Comprehensive analysis of H.R.1 (One Big Beautiful Bill Act) tax provisions including permanent TCJA extensions, new business deductions, and family benefits for 2025 and beyond.
John C Thompson, EA