Tax scams happen year-round, but they seem to be more common during tax season and in the summer. The IRS website is a great resource for scams that are happening to tax payers all around the country. Here are a few of the latest scams we thought were important for our …
Preparing Your Business in Case of a Disaster
Can you imagine if you had a flood, fire, or natural disaster destroy your business and everything in it? No, we don’t want to imagine it either. But, it is important to prepare yourself and your business in case of a disaster. Come up with an emergency plan and update it …
5 Accounting Tips for Entrepreneurs In 2018
With the year almost half way over, it is a good idea to look at your business from an accounting perspective now. With the new tax bill that got passed at the end of last year, there will be some changes to watch out for. We have come up with …
Start Planning Now
Aren’t you so glad tax-return season is OVER?! We know we are. Now that it is behind us, it is a good idea to start planning for the rest of 2018. We have come up with a few tips to help you get prepared… Review your tax-return that was just …
TAX DAY AHEAD: NEED AN EXTENSION?
If you have not filed your taxes yet, it would be a good idea to file for an extension now. Filing an extension is easy and worthwhile if you have not done your taxes yet. You don’t even need a reason why you are filing an extension if you follow …
IRS Just Announced an Increase
Are you on target to file your taxes before April 17th? If not, you may want to quickly review the fees for filing late. If you are going to be late in filing your taxes, you will incur a penalty fee as well as pay interest on the money you …
Tax Tips for Small Business Owners
Tax season is in full swing and most small business owners are reviewing their taxes, income and expenses right now. How is it going? Did you save all of your receipts and do you know about all of the tax deductions? No one expects business owners to also be tax …
Scam Alert: Taxpayers Beware
Tax time is a busy time of year for accountants, the IRS and scam artists to boot. Taxpayers need to be vigilant with personal information, as there are many different scams surfacing. Beware of who you are giving your information to via phone or email. The IRS released a statement …
It’s That Time of Year Again…
It’s beginning to look a lot like tax season(again). The IRS has already begun accepting tax returns, as of January 29th. They begin with e-file returns first and then will process the paper returns. So, we recommend e-filing your returns. Some people will wait until the last minute to file, …
Questions About the New Tax Plan?
Everyone is hopeful that the new tax plan will spur economic growth. But, how will the new tax plan affect you? Well, it depends… If you are a large corporation, you will see a fairly large benefit as the maximum tax rate is being decreased from 35% to 21%. If …