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Common Financial Planning Mistakes That You Should Avoid

One factor that can make you or your business successful is by having a well-prepared financial plan. Having a concrete financial plan can help you achieve your goals in life. That is why it is important that you should know how to plan your...

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Accounting and Tax Management for Freelancers

In recent years, many Ohio residents have been leaving their office-based jobs in favor of freelance work-from-home gigs. Many are even doing freelance work full-time now. But with the luxuries of working at home come the hassles of doing your own...

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S-Corp or LLC: Which Entity Is Better for You?

When you are starting a business or when you are doing some major change in the organization, getting the correct structure has a huge impact on your success. The right organizational entity helps the business or organization to achieve its goals...

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Damawa Tax & Accounting Services, LLC

2022 Tax Filing Season Begins Jan. 24

IR-2022-08, January 10, 2022 WASHINGTON — The Internal Revenue Service announced that the nation's tax season will start on Monday, January 24, 2022, when the tax agency will begin accepting and processing 2021 tax year returns. The January...

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Damawa Tax & Accounting Services, LLC

IRS issues standard mileage rates for 2022

IR-2021-251, December 17, 2021 WASHINGTON — The Internal Revenue Service today issued the 2022 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving...

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Damawa Tax & Accounting Services, LLC

Letters to Advance Child Tax Credit Recipients

IR-2021-255, December 22, 2021 WASHINGTON — The Internal Revenue Service announced today that it will issue information letters to Advance Child Tax Credit recipients starting in December and to recipients of the third round of the Economic...

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