• What to Know About Deducting Donations from Your Tax Returns

    One of the most rewarding benefits of tax season is your ability to claim deductions that reduce the amount of taxable income you pay to the IRS. While there are common deductions for home and business owners like property, children, and even education; donations are also types of deductions that can be taken into consideration when filing your taxes. Do you make regular donations to a nonprofit religious, educational, or charitable group? If so, that would qualify you for additional deductions on your tax return. For more information on how you can go about claiming your donations, [...]

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    How to Claim Taxes as A Small Business Owner

    So, you have opened a small business, and it's finally time to file your taxes. Depending on the type of business you are running, and the partners involved, there are many ways that you can file your taxes to ensure all claims and deductions are distributed appropriately. While it may seem overwhelming at first, our tax professionals at JLW Tax & Bookkeeping Services are here to file your business’s taxes fast, efficiently, and at an affordable price. We handle everything from sole proprietorship businesses to large corporations with multiple franchise owners. Regardless of the [...]

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    Springfield Illinois: Tips on How to Prepare Your Taxes

    With the end of year approaching, tax season is right around the corner, making it the perfect time to start thinking about your state and federal tax returns. As a business owner, there are many forms and regulations to keep track of when it comes to claiming your business on your taxes, that is why the professionals at JLW Tax & Bookkeeping Services are here to help you along the way. We help business owners become familiar with any tax bills that are passed without their knowledge and prepare all their documents so that the filing process is as smooth as possible. Read below for [...]

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