How to Report Self-Employment Income Without a 1099
Make sure your taxes are accurate and learn how to report self-employment income, even if you didn’t receive a 1099 for your work.
How Far Back Can The IRS Audit?
We’re sharing a timeline on how far back the IRS can audit you.
What Is The Difference Between Bookkeeping And Accounting?
Bookkeeping and accounting are often considered the same thing, but learn how bookkeeping and accounting services are different.
How to File a Tax Extension
If you can’t make the April 15th tax deadline, you can request a tax extension which gives you until October 15th to file your taxes. Our CPAs will guide you through the process of requesting a tax extension as well as the pros and cons of requesting an extension versus failing to pay the IRS money you owe from your tax return.
8 Reasons the IRS Will Audit You
If you are being audited by the IRS, here are 8 possible reasons why this could be happening.
Cash vs Accrual Accounting: What’s The Difference?
The two most common types of accounting are cash and accrual. They each have their own strengths and weaknesses, which is why many businesses use a combination of the two methods. The basic idea of cash accounting is straightforward: revenue is recorded when money comes in, and expenditures are recorded when money goes out. This […]
How a Business Purchase Agreement Can Protect You
Don’t buy an existing business without a business purchase agreement. Learn why this document is so important to protecting your interests.
8 Quick Tips to Save Money Fast
Whether you want to create an emergency fund, start a Roth IRA, or start putting aside a down payment for a house, you need to start saving money. While it may sound overwhelming, seeing some quick results makes it easier to stick to your goal. To help you get started, our CPA firm is sharing […]
Updating the Designated Beneficiary Forms After Divorce
There are a lot of issues to deal with in the case of divorce. One item that can be overlooked is designated beneficiaries. It’s extremely important in case of remarriage, either as a result of divorce or a death of a spouse.
Tax Planning for Beginners: What You Need to Know
We are sharing some simple steps you can take to plan your finances in a way that will minimize your tax burden and leverage tax breaks.