In 2020, economic news probably falls just behind health news at the forefront of most people’s day-to-day lives. It’s hard to ignore everything going on right now, from a pandemic to a public health crisis. However, while some of these events ha...

It takes most people until Thanksgiving (or later!) to realize what many business owners typically think about starting in October: The end of the year is nigh. Are you ready for a tax checklist? Yes, the end of the year is just over a month away. At...

Best laid plans, right? After nearly two decades working with taxpayers from all walks of life to resolve their tax issues with the IRS, we’ve learned with no uncertainty that even the most punctual, organized person can miss a tax deadline or forg...

If your New Year’s resolutions have already started to slip away (how many times have you been to the gym?), you still have plenty of time to achieve a financial win by preparing for the 2018 tax season, starting right now. Getting an early jum...

Have a mom-and-pop shop? You might consider filing a QJV for tax purposes. It’s a separate term for a business that is jointly owned by a two spouses, that is unincorporated and not an LLC (with one exception, below). Instead of filing a partnershi...

Several large corporations have announced they’re giving their employees bonuses in response to the passing of tax reform, including American Airlines, Bank of America, and Walmart. Maybe you’re one of the lucky ones. Or perhaps you received a ye...

When you start a new business, it’s easy to get caught up in running everything and forget about paying taxes. But you need to plan ahead to avoid a surprise in April. Business owners should make these three moves before the end of the year to ...

Many small business owners make careless mistakes when filing their taxes – are you one of them? Instead of throwing your profit to penalties and skipping out on savings, adopt these strategies to save money better spent on helping your busines...

The squeeze you feel on your wallet might tighten if you’re suddenly hit with a tax bill. Simply put, there are those who are unable to pay. Fortunately, you have a few options. Read below to find the best for your financial situation. If you’...

In the internet age, you can easily operate your business from home, whether it be as a freelance app designer or financial consultant, and many do – about 53% of all small businesses are home based. However, only a small amount of those busine...