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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.

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?

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.

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

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!

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

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 If you are self employed, or work as an independent contractor, there can