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Which Form Should You Send for Which Worker? A W-2 or a 1099?
Filing annual wage reports is just one of the many end-of-year responsibilities expected of every business owner. But the task is not...

The Garabedian Group, Inc.
Dec 15, 20211 min read


Understanding Tax Lingo
When discussing taxes, reading tax related articles or instructions one needs to understand the basic lingo and acronyms used by tax...

The Garabedian Group, Inc.
Dec 7, 202110 min read


Tips to Get Your Startup Off the Ground
One of the most important things to understand about being a startup entrepreneur is that there is no “one size fits all” approach to...

The Garabedian Group, Inc.
Nov 30, 20213 min read


The Ins and Outs of Bookkeeping: All the Best Practices to Get the Best Financial Outcome From Your
If you had to make a list of some of the most critical elements of running a business that most new entrepreneurs don't think enough...

The Garabedian Group, Inc.
Nov 23, 20215 min read


10 Tax-Saving Strategies to Consider Before Year-End
It seems hard to believe, but the holiday season is almost upon us, and that means that the 2021 tax preparation season will soon follow....

The Garabedian Group, Inc.
Nov 17, 20217 min read


Record Expenses in QuickBooks Online and On Your Phone
The money you spend to run your business must be recorded conscientiously for your taxes and reports. Here’s how to do it. You...

The Garabedian Group, Inc.
Nov 16, 20214 min read


Employers Hiring New Employees May Be Able to Claim a Work Opportunity Tax Credit
The Covid-19 pandemic has had a significant impact on the labor market – mandated government lockdowns and workers’ and customers’ fears...

The Garabedian Group, Inc.
Nov 12, 20215 min read


Tax Breaks for Grandparents
Article Highlights: Head of household filing status Earned income tax credit Child tax credit Child care credit for certain working...

The Garabedian Group, Inc.
Oct 7, 20214 min read


3 Common Personal Income Tax Problems & How to Respond
Tax problems aren't just a worry that hangs over people's heads from January through April every year. Many of them go far beyond the...

The Garabedian Group, Inc.
Sep 30, 20213 min read


Tax Ramifications of Disposing of a Vehicle
Article Highlights: Trading in a Vehicle Selling a Vehicle Gifting a Vehicle Donating a Vehicle to Charity If you are buying a new car,...

The Garabedian Group, Inc.
Sep 23, 20215 min read


Mid-Year Tax Planning Checklist
All too often, taxpayers wait until after the close of the tax year to worry about their taxes and miss opportunities that could reduce...

The Garabedian Group, Inc.
Sep 1, 20212 min read


Back-Door Roth IRAs
Many individuals who are saving for retirement favor Roth IRAs over traditional IRAs because the former allows for both accumulation of...

The Garabedian Group, Inc.
Aug 11, 20212 min read


Sole Proprietorships – Don’t Overlook the Liability Issues
Article Highlights Reporting Sole Proprietorships on Your 1040 Business Checking Account Local Business Licenses Resale Permits & Payroll...

The Garabedian Group, Inc.
Aug 4, 20212 min read


7 Personal Finance Tips for Freelancers and Gig Workers
Freelance work and the gig economy have taken the nation by storm. A study commissioned by the Freelancers Union and freelance platform...

The Garabedian Group, Inc.
Jul 28, 20213 min read


Tax Issues Related to Renting Your Vacation Home
Do you own a second home at the beach, in the mountains, or some other getaway location, or are you thinking about buying one? If so,...

The Garabedian Group, Inc.
Jul 13, 20215 min read


Recordkeeping Tips to Keep the IRS Away
With the ever-increasing complexity of our tax system, it is commonplace for many small businesses to make mistakes with bookkeeping and...

The Garabedian Group, Inc.
Jul 6, 20214 min read


Writing Off Your Business Start-Up Expenses
Unfortunately, as a result of the COVID pandemic many small firms have gone out of business. Fortunately, with the help of vaccines, new...

The Garabedian Group, Inc.
Jun 1, 20213 min read


10 Mistakes Most Small Business Owners Miss When Starting Out
The process of starting a small business can be an arduous one; there are numerous steps that need to be taken — and often in a precise...

The Garabedian Group, Inc.
May 25, 20215 min read


9 Best Ways to Start a Business Budget to Spur Growth
Building a business is a process that requires careful attention to many individual points, all with the goal of increasing customers,...

The Garabedian Group, Inc.
May 18, 20214 min read


Hobby or Business? It Makes a Difference for Taxes
Taxpayers are often confused by the differences in tax treatment between businesses that are entered into for profit and those that are...

The Garabedian Group, Inc.
May 13, 20213 min read
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