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New Tax Reform Impacts Your Business
February 4, 2018 - The monumental new tax law has been hailed as a big win for businesses. For starters, the bill lowers the corporate tax rate to a flat 21% on all profits. Businesses can expect many changes this year. Here's a highlight of some of the more...
Why Hire A Professional Bookkeeper
November 8, 2017 - Many business owners tackle the books on their own, but hiring an expert to take care of your books offers so many advantages: 1. Focus on your business: Hiring a professional to handle your accounting means you have more time to dedicate, focus and...
Can’t Pay IRS! What Are My Options?
September 29, 2017 - I Can't Afford My Taxes! Now What? Tax time can be stressful, particularly if you don’t have the money to pay what you owe the IRS by April 15th. The good news, there are several options to consider if you or someone you know is in this situation....
10 Common Tax Planning Mistakes To Avoid
September 29, 2017 - If tax planning is not part of your ongoing financial strategy, it should be. Consider these 11 tax planning mistakes individuals and even business owners make. 1. Neglect to review income and expenses each month. 2. Do not meet with a CPA or tax...
Top Rated Business Mileage Tracking Apps
June 29, 2017 - Time to ditch your mileage tracker forms... Do you travel for business? Moving? Traveling to do charitable work? All of the above? You'll want to make sure you are tracking your mileage, especially when tax season rolls around. The IRS 2017 rates for...
Form 1099 Filing Requirements
Form 1099 Filing Requirements: What You Need To Know The IRS works constantly to improve income reporting by taxpayers. One tool they employ is requiring businesses to file “information returns” that tell the IRS about amounts the business paid out that should be...
Education Credits Vs. Tuition Deductions
June 6, 2017 - As summertime begins, many families are grappling with saving for a student beginning or continuing college come the fall. College education, whether for a child, yourself, or a spouse is a major investment. Knowing if your college-age child is still a...
9 Ways Your Children Can Save You On Your Taxes
May 5, 2017 - If you have both a job and young kids, you probably also have summer camp expenses. Summer camp is not cheap! SummerCamp.org estimates that a "full-season" (7 to 9 week) session will set parents back on average $3,500 to $11,000 per child. On the bright...
What Is Tax Identity Fraud?
February 10, 2017 - Sadly, tax payer identity theft is a major problem that impacts over one million people each year. It is estimated, the IRS pays out $5.8 billion annually in bogus refunds to identity thieves. Simply put, tax-related identity theft occurs when...
6 Easy Steps To Prep For Tax Season
January 9, 2017 - It’s January-- and in the accounting world, tax time will soon be underway. Whether you own a business or will file as an individual, leaving tax preparation until the eleventh hour can create disruptions to your business and unwanted stress. There...