As we wrap up the year the last thing most people are thinking about is their taxes. But planning ahead can have a serious impact on your tax bill next year, especially if you know you’ll owe taxes. In this article, we’ll talk about some steps you must take if you know you’ll be owing […]
If you owe back taxes you might think you need a tax attorney, but that’s not necessarily always the case. Just like hiring a traditional accountant to try to resolve your tax debt might not be the best choice, hiring a tax attorney, who doesn’t specialize in tax resolution might be the same thing.When you […]
On average, most Americans spent about eight hours a year preparing their taxes before filing them with the IRS. This may not come as much of a surprise, but most experts would probably claim that eight hours is not nearly enough time! The best tax preparation services will only come from a licensed and experienced […]
In 2011, over 145 million individual income tax returns were filed in the United States. These tax returns showed earnings of over eight trillion dollars for the year. For businesses, the Internal Revenue Service states that over six million tax returns were filed. Many individuals filed their own taxes electronically, but businesses had to spend […]
Even though the economy is supposedly on the mend, many Americans are not exactly reaping the benefits. In fact, too many Americans are still pinching pennies, living paycheck to paycheck, and accruing even more debt — instead of getting out of it. These things are not necessarily the direct results of the Recession, however. Ill-advised […]
Did you know that by the third year of business, 44% of start-ups have folded? According to Statistic Brain, some of the top reasons this can occur include having “no knowledge of financing” as well as “nonpayment of taxes.” There is one big mistake many small business owners tend to make when it comes down […]
As tax season comes upon us, many business owners are starting to really wonder, “Do I need an accountant for my small business?” Perhaps at first they thought they could handle things, but as they started to work on taxes, they realized how far out of their element they were. These business owners are master […]
Do you have a deadbeat boyfriend or girlfriend? That’s great! At least for tax deduction purposes. “Couples who can claim their significant other as a dependent can also use them as a tax break,” ABC News reports. The claimant must also pay half, or more, of their partner’s expenses. When it comes down to it, […]
There is a good reason Americans hire more than 1 million tax accountants or small business tax preparation professionals per year. Unfortunately, filing taxes — on an individual and/or on a company level — is not necessarily straightforward. In fact, it can be far from it. Why are taxes so complicated? What do individual tax […]
We love hearing from our clients. “Thank you guys so much for everything. It was a pleasure doing business with everyone in the organization and it took a load off our shoulders to have such competent and professional individuals taking care of this because God know my wife hates doing it and I try to […]