One-Stop Shop for Tax Season 2023
W2s and 1099s and deductions, oh my!
Are you still preparing for tax season and need guidance?
We are here to help. Honest Buck has put together your one-stop shop for all things taxes to help you start gathering and organizing everything you need to file your taxes this year.
For all individual tax filers…
You can check out our General Tax Document Checklist.
You’ll find:
- How to report your income and expenses
- Tax credits and deductions you might want to take
For those who are self-employed and business owners…
You’ll want to check out our Self-Employed Tax Document Checklist.
You’ll find:
- How to report your income and wages paid
- What to include in an inventory report
- What to report for a home office or auto expenses
- A list of other deductions
For those who own rental property owners…
Make sure to print off our Rental Property Tax Document Checklist.
It will cover:
- How to report income and expenses associated with your property
Want to get the most out of your tax return?
It’s important to understand what credits and deductions are available for you to claim. Check out our resource list to see if you qualify.
Tax Credits
Employee Retention Credit (ERC)
You can recoup losses from the pandemic with a major tax credit.
Read the guide about the ERC or answer a few questions and we’ll tell you if you’re eligible.
Work Opportunity Tax Credit (WOTC)
If you hire an employee from one of the target groups outlined by the WOTC program, you are eligible to receive a one-time tax credit for your new hire – and each qualified new hire you make.
Register here to start the process and our partners will tell you if you’re eligible.
Small Business Health Insurance Credit
Is “double dipping” allowed for tax credits?
You may be eligible for the ERC, WOTC, and other credits alike.
You can claim all of them, but you must specify which payroll dollars were used for which program. Our friends at WOTC have written a blog about tax credit double dipping here.
Tax Deductions
Home office expense deductions
Qualified business income deduction
Top 10 Deductions for childcare businesses
Still need help this tax season?
Here at Honest Buck, we want to make tax season as stress-free and efficient for you and your business as possible. If you have any questions while you’re preparing your documents, feel free to reach out to us!