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, 2023
- 3 min
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, 2023
- 2 min
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...
26 views0 comments
Regina Bedolla
- Aug 10, 2023
- 3 min
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...
52 views0 comments
Regina Bedolla
- Aug 10, 2023
- 1 min
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...
437 views0 comments
Regina Bedolla
- Feb 21, 2023
- 3 min
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...
93 views0 comments
Regina Bedolla
- Oct 31, 2022
- 3 min
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, 2022
- 3 min
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, 2022
- 3 min
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....
15 views0 comments
Regina Bedolla
- Aug 18, 2022
- 3 min
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...
23 views0 comments
Regina Bedolla
- Jul 11, 2022
- 2 min
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, 2022
- 1 min
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, 2022
- 1 min
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?...
2,250 views0 comments
Regina Bedolla
- Jan 11, 2022
- 2 min
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...
10 views0 comments
Regina Bedolla
- Dec 7, 2021
- 2 min
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,...
58 views0 comments
Regina Bedolla
- Dec 3, 2021
- 3 min
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...
28 views0 comments
Regina Bedolla
- Nov 23, 2021
- 2 min
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...
152 views0 comments
Regina Bedolla
- Nov 2, 2021
- 4 min
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, 2021
- 1 min
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...
10 views0 comments
Regina Bedolla
- Oct 19, 2021
- 2 min
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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