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Amy Northard, CPA - The Accountant for Creatives

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Small business owners are the most resourceful people I know! Sometimes this resourcefulness can lead to bartering, which often looks like swapping services with another business owner. Bartering can be simple and fair, but what does the IRS say about it? Let me walk you through what the IRS expects from small business owners who barter.

Do I need to report barteri...


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Taxes can often feel like a puzzle, especially when you’re running a small business and trying to make the smartest decisions for your bottom line. One question that often comes up when speaking to my clients is: Have taxes always been this high?!

I like this question because I love


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My 9-year-old nephew just started his own business, so of course my family immediately came to me with all the tax questions. Since I’ve also helped many clients navigate tax rules for their kidpreneurs, I figured this would be a great time to share everything parents should know about helping a child start a business and stay on the right side of the IRS.

Can a minor leg...


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Did you know that if you’re a U.S. citizen or resident alien and you move overseas, the IRS still expects to hear from you every year? It’s true! Your tax obligations don’t disappear just because your zip code changes. In today’s post, I’ll explain what expats and digital nomads need to know about federal tax filing, exclusions, credits, and reporting rules when living abroad...


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A common question that CPAs like me hear every year is: “Should I take the standard deduction or itemize?” In today’s post, I’ll explain how the standard deduction works and clue you in on how you can decide if you should take the standard deduction or itemize instead.

What Is the Standard Deduction?

The


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