Most people don’t think about their annual tax filing until they get their W2 in January. Those who want to maximize their refund or minimize their tax liability start the process much sooner. Ideally, the preparation for next year should begin as soon as this year’s return has been submitted. Here are the steps you […]
Taxes for Businesses
Why Should You Have a CPA Do Your Taxes?
Every year, people must decide whether to do their own taxes or have a Certified Public Accountant (CPA) do them. Unfortunately, this can be a tough decision for people to make.
Avoid These 5 Common Small Business Accounting Mistakes
Managing finances and accounting can be a daunting task for any business owner, and even minor mistakes can lead to significant problems down the line. Inaccurate financial reporting, audits, or legal issues are all common consequences of accounting errors. We’re here to encourage you and offer some tips on how to rise above these common […]
5 Ways Payroll Services Can Help Your Business Avoid IRS Penalties
It’s a lot to assume that every business of every size will get payroll taxes right every time. The IRS estimates that around 40% are fined annually for not meeting payroll regulations between small and medium-sized businesses.
Tax Season News: IRS Extends Filing Deadline
Treasury Secretary Steven Mnuchin announced that the IRS would be extending the filing deadline until July 15th, the same day as the payment deadline.
Small Business Expiring Tax Breaks You Don’t Want to Miss
The Tax Cuts and Jobs Act provided a number of tax breaks for individuals, and most of those are good through the year 2025. However, many of the business tax cuts will be expiring sooner so it’s time to take advantage of them while you have the chance! 100% Depreciation Until 2022, you are able […]
