Marriage Tax Benefits: What You Need to Know
Marriage is an important decision in anyone’s life, but what couples don’t always consider is just how much this can affect their . Surprising as it may be, it is largely untrue that getting hitched will result in higher taxes. There are several marriage tax benefits to consider that may make saying “I do” all […]
How to Create and Maintain a General Ledger for Your Business
Get guidance from CPAs as they guide you on creating and maintaining a helpful general ledger for your business. We’re explaining the key components it should include as well as how to use it to simplify your tax filing efforts.
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.
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.