OUR BLOG
Our Blog

Recovery Startup Business
RECOVERY STARTUP BUSINESS Over the past year many businesses have struggled with the effects of the COVID-19 pandemic. There are many resources that help with

25 Accounting Terms All Business Owners Should Know
In the business world accounting terms are often used. There may be times you are unsure of some of the words that are stated by your accountant. To help aid that confusion here is a list of 25 common accounting terms.

Advance Child Tax Credit Payments
For those of you who have children claimed on your 2020 tax return, you have probably received a notice about the Advance Child Tax Credit Payments for 2021. What is this and how it will affect your tax outcome?

Reduce Your Taxable Income, Claim All Credits
As an additional way to reduce taxable income is through tax credits. A tax credit is an amount of money a taxpayer can subtract from owing the government. This is eligible depending on the nature of credit, and certain types of credit.

Business Travel and Tax Deductions
The ability to write off travel expenses for work is a huge benefit when it comes to doing your taxes, but how exactly does it

The Best Tax Strategies for Buying and Owning A Home
Buying your first home can be an exciting and stressful time. Owning a home is still one of the best ways to build financial wealth. What other investment allows you to build memories at the same time you build equity? That’s a pretty great combination!

How Does Owning Stock Affect My Taxes?
The S&P 500 is generally considered to be the standard measure of growth within the stock market. For the bulk of the past century, the

How You Can Claim More Money with a Tax Amendment
At COS Accounting and Tax we specialize in helping our customers save the most money possible on their taxes. But what if you have already

An Independent Contractors guide to Tax Season: 3 Tips for 1099 Employees
An Independent Contractors guide to Tax Season: 3 tips for 1099 employees If you are self employed, or work as an independent contractor, there can