Tax Deductions - OSCPA Tax Advisory

7 Questions to Ask Your Accountant at Your Annual Tax Meeting

UncategorizedAugust 19, 2026462Views 33Likes 0Comments

Turn Tax Filing Into Tax Planning Most business owners treat their annual tax meeting like a receipt handoff. That misses the bigger opportunity. The right questions can turn a routine filing appointment into a money-saving strategy session. What Deductions Did I Miss? Ask whether you overlooked legitimate deductions specific to your industry. Your accountant may…

What Is Form 1065 and Who Needs to File It?

Tax PreparationJune 24, 2026377Views 32Likes 0Comments

The Multi-Owner Mystery If you own a business by yourself, tax filing is usually simpler. But once you add even one partner to an LLC, the paperwork changes. A multi-member LLC usually cannot just report everything directly on one owner’s personal return. That is where Form 1065 comes in. Domino 1: The “Informational” Return Form…

Business Meals Deduction: What’s Still Deductible After Tax Reform?

Tax Advisory & PlanningJune 23, 2026393Views 32Likes 0Comments

The Post-Reform Confusion Business meal rules have changed a lot over the last few years. Some meals are still deductible. Some are not. And relying on old rules is one of the easiest ways to create messy books or raise questions during an IRS review. The key is knowing the difference between a real business…

How to Avoid the Self-Employment Tax Trap as a Freelancer or Contractor

Tax Advisory & PlanningJune 15, 2026353Views 31Likes 0Comments

The 15.3% Shock Leaving a W-2 job can feel freeing. No boss. More control. Better income potential. Then tax season shows up. Many freelancers and contractors are shocked to learn they owe self-employment tax. This is a flat 15.3% tax for Social Security and Medicare, and it comes on top of regular income tax. At…

Tax Terms Every Small Business Owner Should Know

Small Business AccountingMay 11, 2026347Views 24Likes 0Comments

The Language of the IRS Taxes are a language, and a lot of business owners are trying to build wealth with a dictionary they never got. If you do not speak the language, it is easy to overpay, miss opportunities, or nod through meetings while secretly wondering what your accountant just said. This cheat sheet…

Tag: Tax Deductions

7 Questions to Ask Your Accountant at Your Annual Tax Meeting

What Is Form 1065 and Who Needs to File It?

Business Meals Deduction: What’s Still Deductible After Tax Reform?

How to Avoid the Self-Employment Tax Trap as a Freelancer or Contractor

Tax Terms Every Small Business Owner Should Know

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