Estate Planning For Digital Assets

Digital technology has seen great advances in recent years which has drastically changed estate planning for many people. It is important for individuals to think about digital assets when considering planning for the future. Most people only consider physical assets when they are planning their estate for the future, but now it is important to […]

What Are The Limitations Of An Accounting Audit?

Audits have become a common theme across a wide variety of different business sectors as they allow an independent entity to analyze a company’s accounting and financial records to make sure everything is in order. This allows businesses to improve their financial strategies as well as to make sure they are conforming to the Generally […]

IRS Contact Virtual Currency Owners in Effort to Collect Back Taxes

The Internal Revenue Service has started sending letters to taxpayers with virtual currency transactions that may have failed to report income and pay the ensuing tax from these transactions or did not report these transactions properly. Why Are The IRS Contacting Virtual Currency Owners? The reasoning behind the IRS sending these letters is part of […]

Watch Out for ‘Ghost’ Tax Return Preparers!

Unfortunately, the list of tax scams one must be wary of during tax season is fairly lengthy. And, though you should watch out for all the scams on that list, there’s one that is particularly prominent and sneaky, and has subsequently victimized many: ghost tax return preparers. Whether you’ve already finished your taxes this year […]

How to Protect Yourself from Scams this Tax Season

Each year, while in the midst of tax season, taxpayers in North Carolina are warned to be wary of criminals posing as tax agents that carry out different scams. However, with every tax season comes increasingly sophisticated tax schemes, resulting in more and more reports of tax scams each year. In fact, according to a […]

6 Reasons Small Business Owners Need to Hire a CPA this Tax Season

Each year, millions of taxpayers around the country take it upon themselves to navigate through the complexities of tax preparation. However, attempting to prepare one’s taxes without assistance is very similar to attempting to perform surgery on oneself without proper training. This does not apply as much to individuals with simple income tax returns and […]