Tag: IRS

Minding the GAAP
Introduction McDonalds founder Ray Kroc once said, “It’s easy to have principles when you’re rich. The important thing is to have principles when you’re poor.” Small Business owners know that if they don’t have principles, they can soon wind up bankrupt and that their number one job is to protect their business by establishing a strong […]
The Only Working-From-Home Tax Deduction Tips You Need
Since 2020, working from home has become all the rage. Here’s how to capitalize on using your space to receive a tax break. Working from home has likely never been as ‘en vogue’ as it is today. 2020 made it a necessity, 2021 made it a priority. Now, as we work our way through 2022, […]
What Was YOUR Semaphore Moment?
For the creators we work with here at Semaphore, the “Semaphore Moment” is often defined as the moment where they “made it” – the instance when they realized that what was once just a hobby could be turned into a lasting career. In our exclusive series with Tubefilter, appropriately dubbed “Creators Going Pro”, we profile […]
Tax Season and Tax Extension Tips
The personal tax return deadline has passed us, but if you extended your tax return, there’s still time to make sure you take advantage of the changes to the tax code. With so many uncertainties surrounding not only the government shutdown, but also the new tax laws, many taxpayers are facing some new challenges that […]
Government Shutdown: What Does it Mean for Taxpayers?
The government shutdown ended January 25th after 35 days of uncertainty and turmoil. With the government now open for the next three weeks, many Americans are wondering – what does this mean for my taxes? Experts have warned that the shutdown will be causing “major” delays for the IRS. They cite evidence from the 16-day […]
Holiday Gift Giving and Tax Deductions for Business Gifts
If you’re anything like most business owners trying to close out the year and prep your tax filing this month, there are a number of holiday expenses you can deduct that could save you thousands of dollars. As a business owner, you know the importance of maintaining and strengthening your relationships with clients. One proven […]
Holiday Travel: Tips for Write-Offs
The end of the year is a big time for businesses. In Q4, you’ll need to get your taxes in order, so you can enjoy the holiday and also prepare for the New Year. The question remains, how much of it can be written off and what are the rules one must play by? Understanding […]
Get “The Feds” Off Your Back by Filing Delinquent Tax Returns
Are you behind on your U.S. taxes? Semaphore can help file back tax returns, so you can sleep well again at night. Every year, the Internal Revenue Service (IRS) gets more sophisticated in improving their methods of identifying delinquent tax filers. Regardless of the cause of your back-tax filing problem, you need to take this […]
5 Easy Ways To Spot IRS Scam Calls
IRS Scam callers are targeting people just like you, yes, even Tubers, every year in a decades-old scam involving, or rather, claiming to involve, the IRS. Don’t fret. This post will prepare you to avoid these scams and keep your money in your pocket, where it belongs. Fact: The IRS will never, ever call you on […]
Tax Tips For The Self-Employed
When you begin earning income by carrying on your own business, there is much to learn. Sole proprietors and independent contractors are two forms of self-employment. One major hit of being self-employed, is the self-employment tax one takes on. This additional tax hit can be up to 15.3%. A Schedule SE, Self-Employment Tax, can be used […]