Agro Accounting CPA

with Complimentary Assessment of Your Filing Need Connect with a Trusted Bookkeeper Company Formation & Tax ID Issuance LLC, C/S Corporation & Not-for-Profit Complimentary for Tax Preparation Clients Foreign Bank Account Reporting & More with Financial Statement Official Preparation for Income Tax, Sales Tax & Worker's Compensation Installment Plan, Offer-in-Compromise & More Creative Certified Public Accounting Firm We are headquartered in Brooklyn, NYC but serve clients all across the US We serve both today's "young" and "well-established" adults; individuals that do business in jeans and sneakers or in a suit and tie Above all else, at Agro Accounting CPA we prioritize individuality

Trustworthy and Confidential: NO Commitment Until You Hire Us Check out our PriceTool to get a feel for our prices In some cases, we might need to see your documents and learn more about you in order to give you a price quote For that, please know that our NO Commitment headline holds true

Secure and Encrypted Document Transfer Whether you're a returning client, hiring us for the first time or submitting information simply for a price quote, our document exchange portal fully complies with the new IRS security requirements + we comply with the time-honored ethics of the CPA profession! Flexible Ways to Work with Us You'll receive the experience you need when hiring us Whether you want to carry out our engagement remotely (via Internet and phone) or prefer to meet us in person, our communication methods are open and responsive to your need

Our intuitive A I is here to answer all of your questions, simple or complex, at YOUR schedule's convenience What is my business or freelance income? How do I calculate it? Your business or freelance income, at a minimum, is the total of your bank account deposits and app (Venmo, PayPal, etc ) deposits for the tax return’s year Income is all of these deposits EXCEPT: 1 Financial support/ gifts from family and friends 2 Personal reimbursements, i e IOU repayment, Venmo for the dinner bill’s share 3 Personal refunds, i e for return of clothes you bought on Amazon 4 W-2 salaried income (because this goes elsewhere on your tax return) 5 Transfers between your bank or app accounts 6 Prior year tax refunds (because this goes elsewhere on your tax return) What is the difference between income and a gift? A gift is unilateral, or one-way, “consideration ” If someone gives you money and gets nothing in return from you (aside for the good feeling that comes from giving), then they have made you a gift For income tax purposes, gifts are not taxable However, if they are more than $15,000, then the grantor -the person making the gift- may have to pay an excise tax on a separate, gift tax return he/ she files

What are all of the tax deductions I can write off? First, please see “What are business or freelance expenses?” to gain a true understanding of what you’re asking for Now, your tax deductions are finite: not limitless They are either on your bank account or app (Venmo, PayPal, etc ) statements, or on cash receipts you have saved If you don’t have any document to prove it, then it is not a tax deduction! Second, to determine your tax deductions, comb through your bank account and app statements for the tax return’s year Go through every month’s statement and every month’s transaction, one by one Do not expect to be done in 20 minutes: this task will take you a few hours to a few days, so pace yourself and plan your time accordingly Going forward, you want to do this every couple of months throughout the year Next, please see “How do I gather and present my business or freelance expenses?” Once you are done with these 3 interrelated tips, take just a moment to read “Best practices for business or freelance expenses ” Get In Touch With Us Get in Touch with Us Working… please give us just another 2 seconds max :)