The IRS mails millions of letters every year to taxpayers for a variety of reasons. Many of these letters are computer generated. It’s important to keep the following tips in mind if you are ever […]
How to Handle an IRS Letter Read More »
It seems like every software company is moving to the cloud, cashing in on reoccurring revenue streams, and Intuit is no different. When QuickBooks Online was first released quite some time ago, the biggest issues
Deciding between QuickBooks Online and QuickBooks Desktop? Here’s What You Need to Know! Read More »
President-Elect Trump declared in several interviews that lowering taxes is one of his top priorities. Those that are betting on him delivering this promise and passing reformation through a Republican controlled congress should consider deferring
Year-End Tax Moves – Speculating on President-Elect Trump’s Tax Cuts Read More »
As the 2016 tax year winds down, there is no better time than now to get your finances in order. Let’s face it, the last thing you want to think about during the holiday season is
When to File? Important Changes to Due Dates and more Read More »
We’ll save you some time and start off by saying, HSA’s only benefit individuals and families who are in a high deductible health insurance plans (HDHP), not enrolled in Medicare, and are not claimed as
Five reasons you should open a Health Savings Account Now! Read More »
When starting a business, understanding your tax obligation is one key to business success. With the internet and the wealth of information found on the web, it’s easy to be misinformed. Hopefully this post will clear
Three Tips for Starting a Business Read More »
Equity Based Compensation – Influencing the Choice of Entity One of the most important decisions you make when starting a business is entity selection. Many factors affect the choice of entity, from legal, to tax,
What every founder should know about Equity Compensation Read More »
The Social Security Administration’s Office of the Chief Actuary (OCA) has projected an increase in the current Social Security wage base from $118,500 (2015 & 2016) to $126,000 for 2017. This is bad news for
Proposed Increases to the Social Security wage base Read More »
With the end of 2016’s primary season in sight, we’ve looked to examine the tax plans of the last three candidates remaining. While many voters haven’t given these issues much thought, it’s important to consider
3 Things you need to know about each Presidential candidates tax plan Read More »
FinCEN Form 114, formerly referred to as “FBAR”, Report of Foreign Bank and Financial Accounts, is used to report a financial interest in or signature authority over a foreign financial account. The “FBAR” is due
Accelerated Due Date for FinCEN Form 114 Read More »
Form 1099-MISC along with many other informational returns are due to recipients at the end of this month. Last year, I gave a brief outline of who may be be required to file. Penalties for
Due Date for Forms 1099 Quickly Approaching Read More »
