Can You Deduct Tax Preparation Fees?

With April 15th rapidly approaching, you’re probably in the midst of gathering receipts and records, looking for ways to minimize your tax burden, and debating how your taxes will get done. You may choose to do your own taxes using tax preparation software, or you may choose the more stress free route and work with […]

How to File a Tax Extension

Filing a tax extension can give you more time to file if you’re not going to make the deadline. Find out how to get it done and what you can expect.

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 […]