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January 16, 2020

It's that time of year when you are feverishly trying to complete your tax returns. As you’re collecting documents and crunching numbers, here are five tips to remember to help you avoid getting audited.

1. Report All of Your Income

An easy way to get audited? Faili...

December 4, 2019

With Hanukkah upon us and Christmas and Kwanzaa right around the corner, it is definitely the season for giving. Gift cards are one of the most popular and requested presents for people of all ages. As a giver, you feel confident in your gift, and as a receiver you ess...

November 19, 2019

Deducting your yoga business expenses from your income reduces your tax bill. Deductible expenses are those that are seen as “ordinary and necessary” for conducting business. Use the following checklist as a guide to ensure you capture all of your yoga business expense...

October 15, 2018

Children benefit from yoga  - they learn how to exercise, develop confidence, exhibit self-care, and even to focus. To encourage kids to practice yoga and reap the benefits, it is commonplace for studios and instructors to offer after school programs, day camps in the...

August 17, 2018

Sadly, summer is almost over, but there is still time to add some books to your summer reading list as you make your transition to the more structured (and busy) days to come. Here are three books that will keep you motivated, efficient, and encouraged as you are growi...

June 26, 2018

Although it's officially ♪♫♬ summer, summer, summer time, ♪♫♬ it is still not too late to spring clean your yoga business's records. Here are four quick tips to keep your business in tip top shape so that you can spend more time enjoying the long summer days.

1. Ditch T...

May 2, 2018

We know. You're exhausted and overwhelmed. You just finished your 2017 taxes and now we are already posting about next year's taxes.  But simply understanding when and what you have to file throughout the year can save you a lot of frustration at tax time. To avoid hea...

February 20, 2018

What exactly is that 1099-MISC form you received?

The IRS requires any person or business who makes certain types of payments to report them on a 1099-MISC form to you and the IRS. Basically, the 1099-MISC form reports the total amount of payments you receive from a si...

January 29, 2018

As a busy yoga teacher and/or studio owner it is tough to remember all of the things your tax preparer may need to do your taxes, but it is essential that you gather all of the necessary documentation to save both time and money. Here is a handy list to help you get st...

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5 Ways to Avoid a Tax Audit

January 16, 2020

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