Two Reasons The IRS Will Reject Your Adult Dependant Claim
13 November 2018
Contrary to popular belief, you can claim adults as dependants on your taxes and take advantage of the appropriate credits to reduce your tax liability. To prevent fraud, though, the Internal Revenue Service (IRS) limits who qualifies for this designation and will reject tax returns that include people who don't fit the requirements. Here are two reasons your tax return may run afoul of the tax agency and how to avoid this.
Beyond Taxes: Four Reasons To Hire A CPA For Your Small Business
12 May 2018
When people think of certified public accountants, they often think of taxes. However, hiring a CPA can be a great benefit for your business, even outside of tax season. Here are some reasons to consider hiring a CPA for your small business.
Your CPA can help you create financial reports and determine your estimated profit and loss, and he or she can help you gain a better understanding of your company's current financial status.
New Business Owner And First Year Filing Taxes? 3 Options To Help You
11 January 2018
If you are a new business owner part of this is paying taxes. It is important that this is done properly, or you could end up owing the IRS a lot of money. Fortunately, there are many things to help you prepare and file your taxes. Below are three of these things, so you can get started.
Hire a Tax Accountant
One of the best things you can do is hire a tax accountant.
3 Essential Tax Tips For Small Business Owners
2 November 2017
Being a business owner has its benefits. Not only are you able to make decisions and run the business as you see fit, but you will also act as your own boss, which gives you flexibility and profits. Unfortunately, most new business owners do not have the knowledge or skills needed to handle their taxes. If you are a new owner of a small business, it is time to learn a few essential tips to help you during tax time.