Not your average tax and accounting firm.
Are you in a position where you can’t pay your taxes? About 3 out of 4 American taxpayers receive a refund each year when they file their income tax returns. But there are those who for one reason or another end up owing money. Of those who owe Uncle Sam, many don’t have the means …
Can’t Pay Your Taxes? Here Are Some Payment OptionsRead More
Looking for unique charitable contribution options that can provide tax advantages to the donor? Before deciding about your charitable giving for the year, read this article for ways to contribute that will help you tax-wise. Normally, deductible charitable contributions are limited by a percentage of your income, more specifically your adjusted gross income (AGI). This …
The death of a loved one is devastating, and as a surviving spouse, can be one of life’s most challenging scenarios. It also triggers unique financial and tax events that must be dealt with by the survivors. Especially if the death was sudden with little or no time to make financial preparations. This material is …
Starting Jan. 1, 2024, businesses are required to e-file Form 8300, Report of Cash Payments Over $10,000, instead of filing a paper return. This new requirement follows final regulations amending e-filing rules for information returns, including Forms 8300. Trades and businesses must report cash payments received if all the following criteria is met: To comply …
New in January – Businesses Are Required to E-file Form 8300Read More
Have you been thinking of making energy saving home improvements? If so, you may qualify for some substantial income tax credits. Even if home improvements aren’t currently on your to-do list, with the increasing cost of energy you may find that energy saving home improvements, along with the tax credits that accompany them, are something …
Energy Saving Home Improvements and Their Tax BenefitsRead More
We didn’t want to wait another second to release our mid year tax planning checklist for 2023. Waiting until after the close of the tax year to worry about your taxes can result in missed opportunities that could have reduced your tax liability or provided financial benefits. Mid-year is the perfect time for tax planning. …
If you can’t pay your taxes, you are not alone. While 3 out of 4 American taxpayers receive a refund each year, there are those who for one reason or another end up owing. Of those who owe Uncle Sam, many don’t have the means to pay. But not paying is a horrible idea. Instead …
Can’t Pay Your Taxes? Here Are Some Payment OptionsRead More
Filing paperwork, accurate bookkeeping and making estimated quarterly tax payments. If you had to list out the least-enjoyed tasks by most business owners, taking care of accounting and other financial matters is probably right at the top. Yet at the same time, a lot of those same business owners are struggling. Maybe they had a …
If you haven’t filed tax returns for awhile, you’re not alone. In fact, you’d be hard-pressed to find someone who actually enjoys the process of filing taxes. Having said that, it’s something that needs to happen annually, regardless of the fun factor. There are a myriad of different reasons why you may have fallen behind …
Haven’t Filed Tax Returns For Multiple Years? Here’s What You Need To Do NextRead More
