Regina Bedolla
Why Hire a CPA for your Equestrian Business?
Running an equestrian business comes with its unique set of challenges, from managing stables, caring for horses, attending (or hosting)...
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CPA SERVICES AND TAX PREPARATION
INDIVIDUALS / SMALL BUSINESS / EQUESTRIAN / EXPATRIATES
Regina Bedolla
Nov 8, 20233 min read
What Are Estimated Income Taxes?
The IRS deems that taxes must be paid ratably throughout the year as you earn or receive income, either through withholding or estimated...
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Regina Bedolla
Sep 21, 20232 min read
Can I Deduct Mileage Expenses?
Note: The information contained in this blog post applies for the 2023 tax year. The IRS allows mileage expenses to be deducted from your...
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Regina Bedolla
Aug 10, 20233 min read
The Power of Accounting: Unleashing Entrepreneurial Opportunities
Accounting is a subject that may often be overlooked by students who are considering their future career options. The accounting industry...
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Regina Bedolla
Aug 10, 20231 min read
Horse Depreciation by Age and Purpose
On a previous post, we talked about deprecation for horses that fit the 3-year property criteria for depreciation when they are used in a...
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Regina Bedolla
Feb 21, 20233 min read
How do I Handle an IRS Audit?
Getting an IRS audit notification can be stressful. One thing we recommend is never tackling an IRS audit on your own. Keep in mind that...
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Regina Bedolla
Oct 31, 20223 min read
Tax Law Changes 2022
Child Tax Credit - 2022 credit amount drops back down to $2,000 per child. Children who are 17 years old don’t qualify for the credit...
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Regina Bedolla
Sep 19, 20223 min read
Common IRS Scams
With the 2021 extended tax filing deadline quickly approaching, it’s important to be aware of how the IRS may contact you so that you are...
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Regina Bedolla
Aug 25, 20223 min read
What is a Traditional IRA and how does it work?
A Traditional IRA is an individual retirement account (IRA) that allows you to contribute pre-tax dollars that can grow tax-deferred....
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Regina Bedolla
Aug 18, 20223 min read
What is a Roth IRA and how does it work?
A Roth IRA is an individual retirement account (IRA) that allows you to contribute after-tax dollars and withdraw them at retirement...
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Regina Bedolla
Jul 11, 20222 min read
Form 1099-K: What You Need To Know
Note: 1099-K Requirement changes Effective 2022 Don’t be caught by surprise this tax year by the new IRS Form 1099-K requirements that...
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Regina Bedolla
Feb 2, 20221 min read
What Is The Income Statement?
There are three main financial statements, the balance sheet, the statement of cash flows and the income statement. The income statement...
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Regina Bedolla
Jan 31, 20221 min read
How Are Horses Depreciated?
Before starting, we recommend having a general idea of what is depreciation. Are you already familiar with the concept of depreciation?...
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Regina Bedolla
Jan 11, 20222 min read
Marc Benioff: Entrepreneur Of The Month
Some people are born with the entrepreneurial spark in them and succeed in creating business opportunities from a very young age. This is...
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Regina Bedolla
Dec 7, 20212 min read
Employee vs Contractor: Is Your Stable Hand Really a Contractor?
It is important to understand and correctly classify a worker as an employee or contractor. If the worker is classified as an employee,...
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Regina Bedolla
Dec 3, 20213 min read
Entrepreneur Of The Month: Evann Wehman
As you know, once a month we feature an entrepreneurial story of a successful business owner. This month we bring you the story of Evann...
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Regina Bedolla
Nov 23, 20212 min read
Can I Reduce My Taxable Income with 401(K) Contributions?
If your employer offers a 401(k) plan, you may want to take advantage of the tax benefit these plans offer. According to the IRS, "A...
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Regina Bedolla
Nov 2, 20214 min read
Why Is Holly Parks The Best Option For Your Equestrian Business?
If you don’t personally know Holly Parks, you may not know her extensive experience in the equestrian industry. We'd like to share a...
23 views0 comments
Regina Bedolla
Oct 26, 20211 min read
What Is Form W-4 For?
An employer is required to obtain from each employee a completed Form W-4, Employee's Withholding Certificate, in order to determine the...
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Regina Bedolla
Oct 19, 20212 min read
Xero: Uses and Benefits
Parks Tax & Consulting serves a wide range of small businesses. Our services are completely customizable to the level of help each...
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