2021 May

Received A Letter From The IRS? Here’s What To Do

2021-05-17T14:29:36+00:00

There are many reasons why the IRS may mail you a letter - oftentimes people jump to conclusions and think the worst. After all, receiving a letter or notice in the mail from the IRS is enough to upset anyone, as it can be scary to think you have done something that might threaten your [...]

Received A Letter From The IRS? Here’s What To Do2021-05-17T14:29:36+00:00
2021 Apr

Tips On Avoiding an IRS Tax Audit

2021-05-17T14:28:10+00:00

Let’s face it, most people don’t exactly look forward to tax season. In fact, research shows a sizable percentage of Americans find it downright stressful and anxiety-inducing. Whether you fall into this category or close to it: don’t stress - our team of tax filing professionals are here to help.  Preparing now and doing your [...]

Tips On Avoiding an IRS Tax Audit2021-05-17T14:28:10+00:00
2021 Mar

Top 2020 Tax Filing Questions: Answered

2021-05-17T14:27:48+00:00

So many people have questions this year regarding tax returns - both personal and business alike, and it should come to no surprise, given the many challenges that the pandemic has brought on. Let’s be honest, filing taxes in general can give anyone a headache, but submitting pertinent information for your 2020 taxes can raise [...]

Top 2020 Tax Filing Questions: Answered2021-05-17T14:27:48+00:00
2021 Feb

2021’s Top 7 Budgeting Tips for Small Business Owners

2021-03-15T19:22:38+00:00

For business owners across this great Country, there’s one thing for certain... we’ve had to get creative when it comes to navigating these uncharted and turbulent waters over the last 12 months. As a small business owner in general, you may often be pulling off complex balancing acts with your budget, and often it can [...]

2021’s Top 7 Budgeting Tips for Small Business Owners2021-03-15T19:22:38+00:00
2017 Oct

In Trump Tax Plan, a Windfall for Businesses Large and Small

2017-10-03T22:54:24+00:00

In Trump Tax Plan, a Windfall for Businesses Large and Small A lower tax rate for corporations. Reduced taxes for partnerships like law firms. An easy way to bring overseas profits back to the United States without being taxed. Corporate America had a long wish list when it came to tax reform, and on Wednesday, [...]

In Trump Tax Plan, a Windfall for Businesses Large and Small2017-10-03T22:54:24+00:00
2017 Sep

How tax reform could hit charitable giving

2018-03-07T17:25:19+00:00

How tax reform could hit charitable giving Plenty of factors can motivate charitable giving: Moral obligation, religious tithing, a desire to improve the world or leave a legacy. But another factor -- the tax benefits for giving -- could soon change if lawmakers push through tax reform. Few people donate simply because of the tax [...]

How tax reform could hit charitable giving2018-03-07T17:25:19+00:00
2017 Sep

US tax reform hopes become mired in foreign cash piles

2017-09-03T01:17:09+00:00

US tax reform hopes become mired in foreign cash piles Republican attempts to make progress on tax reform after the party's failure on healthcare are being undermined by a lack of consensus on handling US companies' offshore earnings, an issue set to spark fierce lobbying and discord. The White House and Republican lawmakers want to [...]

US tax reform hopes become mired in foreign cash piles2017-09-03T01:17:09+00:00
2017 Jun

Top Six Tips about the Home Office Deduction

2017-06-20T15:48:49+00:00

If you use your home for business, you may be able to deduct expenses for the business use of your home. If you qualify you can claim the deduction whether you rent or own your home. If you qualify for the deduction you may use either the simplified method or the regular method to claim [...]

Top Six Tips about the Home Office Deduction2017-06-20T15:48:49+00:00
2017 Jun

Business Use of Car

2017-06-19T23:01:50+00:00

If you use your car in your job or business and you use it only for that purpose, you may deduct its entire cost of operation (subject to limits discussed later). However, if you use the car for both business and personal purposes, you may deduct only the cost of its business use. You can [...]

Business Use of Car2017-06-19T23:01:50+00:00
2017 Jun

Five Little Lines That Will Help You Save Big on Taxes

2017-06-19T22:56:48+00:00

• Business owners can sock away a maximum of $54,000 in a SEP-IRA or $12,500 in a SIMPLE IRA. • If you're 70½ and don't need your required minimum distribution, give it to charity. If you want to save money, dust off your 2016 tax return. Back in April, after your preparer filed your Form [...]

Five Little Lines That Will Help You Save Big on Taxes2017-06-19T22:56:48+00:00
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