• 4 Steps For Creating An Estate Plan

    When it comes to protecting yourself and your family, one of the best ways you can do so is by having an estate plan in place. Everyone should have an estate plan in place, regardless of your financial position. Step #1: Create a Will First, you need to create a will. A will is the type of estate plan that most people are familiar with. A will is where you state who you want to get all your belongings when you pass away. [Read More]

  • 5 Reasons To Amend A Tax Return

    When you try to handle your own tax affairs and filing, it's easy to make mistakes because you're not an accountant or tax professional. If you think that you might have made a big mistake on your previous year's taxes, it's a good idea to consider making an amendment. You can amend a tax return within 3 years of the original filing date. It's best to hire a certified public accountant to help guide you through the process. [Read More]

  • 4 Financial Mistakes Your Business Needs To Avoid

    When you are running a business, you are responsible for more than the product or service your business creates; you are also responsible for taking care of the financial side of your business. That means making sure the financial side of your business runs smoothly and doesn't encounter any avoidable mistakes that could cost you money or sideline the operations of your business. Mistake to Avoid #1: Improper Payroll Reporting [Read More]

  • The Basics Of IRS Audits

    Tax season is almost always stressful and anxiety-inducing for most taxpayers. Not only are there so many forms to fill out, but there's always the risk of an audit once you've filed. However, there are a lot of misconceptions out there surrounding IRS audits that often leave taxpayers paralyzed in fear at the mere mention of an audit. Here are some things that you should know as you get ready to file your taxes for this year. [Read More]

  • Small Business Tax Preparation Checklist

    Tax season can very stressful for individuals and businesses alike. As a small business owner, you want to make sure that you take the right steps to prepare so that you're ready for tax day. Getting ahead of your business tax needs can help you reduce stress, upset, and mistakes. Keep reading to see a small business tax preparation checklist. Know Which Tax Forms You Need to File When it comes to business taxes, it's a bit more complex than individual taxes. [Read More]

  • 4 Things To Know About Preparing Your Taxes During The COVID-19 Crisis

    Right now, the United States is experiencing a national emergency that has impacted the tax process. It is important to stay on top of tax changes as they impact you. Here are a few things you need to know about filing your 2019 taxes during the COVID-19 crisis. Thing #1: Tax Filing Deadline Has Been Extended The normal tax deadline of April 15th has been extended all the way to July 15th. [Read More]

  • Understanding The 4 Basics Functions Of Accounting

    Certified public accountants are professionals who provide advice on a wide range of topics. Whether you run a business or are dealing with personal finances, a CPA is a great resource to turn to. It's important as you work with a CPA, though, to understand the job in terms of its four basic components. Take a look at each one so you can get more out of your relationship with your CPA. [Read More]

  • Seven Mistakes That Make Payroll Processing Excessively Time Consuming

    Anything you can do to save time as a business owner improves the prospects of your company and potentially increases profits.  Payroll processing is a necessary but time consuming task for businesses. However, you can make accomplishing this task easier and faster by avoiding some common mistakes.  The following are seven mistakes you can avoid so that payroll processing isn't excessively time consuming at your company.  Neglecting to verify employee information [Read More]

  • What Documents Do You Need to Gather Before Filing Your Taxes?

    Tax season is here, and you want to make sure that you're ready. Filing your taxes and paying them on time is a must. If you're new to handling this, or if you struggle with it every year and need a little assistance, we'll help you better understand what documents you will need to gather before filing your taxes. Keep reading to learn more. Taking the time to gather up your documents now can help make tax filing a lot quicker. [Read More]

  • Why You Should Use Income Tax Services for Your Business

    If you run a business, big or small, you are going to want to consider the option of using a professional for the income tax services that they provide instead of trying to do the work on your own. Sure, the IRS provides printed and online directions for the various forms, but you should still let a professional handle this for you. Here are a few reasons why:   1. The Directions Can Be Too Confusing [Read More]