Small Business Extended Tax Return Due Dates for 2018 While fall isn’t considered “tax season,” there are a handful of crucial dates for businesses to know as Q3 wraps up and the fourth quarter begins. The remaining deadlines for 2018 are for those who have requested an extension to filing…

In late July 2017, the United States Justice Department sentenced 21 conspirators of a large-scale IRS scam to prison, with sentences up to 20 years. This case is considered the nation’s largest multinational telephone fraud operation, causing 15,000 victims to collectively lose hundreds of millions of dollars. IRS Phone Scam…

Knowing the differences between a bookkeeper and an accountant is important to organize your small business’ finances. However, it's common for these two roles to be used interchangeably. Both professions are involved in a business’ finances, but they handle these records differently. Understanding The Role of a Bookkeeper vs Accountant…

As we all know, taxes for 2017 were due about a month ago. In keeping with the remaining spirit of the season, and to help you plan for next year, we compiled a handy guide in what not to do and who not to emulate when filing for taxes. What…

Tax Cuts and Jobs Act of 2017 Now that the Tax Cuts and Jobs Act has been approved and is now law, we can start summarizing the details of the legislation.  Below is a summary of the major highlights of this law.  Individuals Tax Rates The prior tax rates ranging…

Choosing the Right Filing Status It's important to use the right filing status when you file your tax return because the filing status you choose can affect the amount of tax you owe for the year. Your marital status on December 31 is your status for the whole year. Sometimes…

Here we are already in March and you can definitely see signs of spring all around us. Spring break is in the near future and snow gear (mostly not used this year!) gets packed away to make room for rain boots, umbrellas, and sports equipment. In our home, we’re working…

A couple of weeks ago we did a series of posts on Facebook regarding starting your own small business. We’ve gone ahead and condensed those posts here on the blog for convenience. There are numerous links throughout the blog for you to reference regarding whichever area of your small business…

Those of you who read the April newsletter probably noticed that the intro was missing; it was written but in the craziness of April 15, we forgot to add it to the newsletter before it went out. Sorry about that! We’re happy to welcome the month of May and all…

As people work towards gathering their documents and completing their tax returns, it is also the time of year when IRS scams become more prevalent. One particular scam is for someone to call you claiming to be from the IRS. These scammers are very good at what they do. They…