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.
Should Couples Choose Married Filing Separately or Jointly?
What’s the difference between married filing separately and married filing jointly, and which should you choose? We’re breaking down the difference.
Steward Ingram & Cooper Announce New Durham Location
We are excited to announce that, effective January 1st, we have expanded into Durham by joining forces with Minor Anglin & Associates, P.A. Conveniently located between Durham and Chapel Hill, the location’s objective is to provide high-quality service to our clients in the Durham area. We are proud to have Dan Minor, Kim Anglin and […]
Buying and Selling Stocks — Are Stocks Taxable?
If you are currently active in the stock market whether by your own endeavors or via a retirement plan such as a 401(k), our CPAs are fleshing out when stocks are recorded as taxable income so you can report them as such on your tax return.