Are you behind on filing your federal income tax return or paying your federal IRS taxes in the last year or more? If so, you’re not alone. More than 22 million taxpayers in the U.S. have either failed to file a tax return or are behind in paying their IRS taxes due, and that was […]
New Tax Deadline Is Official — July 15, 2020
Both the IRS and Treasury have announced that the deadline to file AND pay your individual federal income tax for the tax year of 2019 has been extended to July 15, 2020. Many states have extended their deadlines as well; please check with us to determine the deadline applicable to you if you live in […]
Accounting Tasks at Year-End
You might wonder why there are so many extra tasks at year-end. While the government requires much of the work, there is clean-up work and adjustments that need to be done to make the books accurate. It’s not always cost-effective to perform all of these updates monthly, so you’re actually saving money by doing some […]
Reverse Audits – Why They’re Important and How They Can Save Your Company Money
Though it’s not actually a four-letter word, “audit” carries the same consequences when said around most adults. The very thought of being audited arouses feelings of fear, frustration, and even anger. However, there’s actually a specific type of audit that could end up saving your business a lot of money. If your company isn’t currently […]
Crowdfunding and Taxes – What You Need to Know
Did you make money this past year with crowdfunding? You’re not alone. The fundraising technique was responsible for billions of dollars from donors all over the world. Despite this, there’s still a lot of confusion about crowdfunding and taxes. What the IRS Has to Say About Crowdfunding and Taxes In a word, nothing. You can […]