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During our lifetime, you always want to give the best things to your beloved ones. And while sending valuable gifts to your spouse,...

Has the coronavirus led you to start a business or become your own boss this year? If you are a small-business owner and use part of your...

In 2021, the IRS has introduced the new Form 1099-NEC to reporting independent contractor income.

Both EAs and CPAs are granted unlimited representation rights to represent taxpayers before the IRS.

“Audit-proofing” your return means documenting deductions so that you can prove them if you’re audited. Today’s historically low audit...

Tax deadline to file and pay federal income taxes deadline is now behind us. However, some taxpayers still facing certain problems after...

The tax season is here again! This year, the IRS announced 4 recent changes in tax laws that can save you a lot. 1. Individual Income Tax...

Inventory Companies that are in the manufacturing and selling of physical goods industry are required to record Inventory as an ASSET in...

At the end of every month, it is time for you to reconcile your trust bank account. This lets you confirm that your transaction records...

The goal of tax planning is to arrange your financial affairs in order to minimize your taxes. Here are three tax-cutting strategies that...

Business expenses are the cost of conducting a trade or business. These expenses are usually deductible if the business operates to gain...

If you want to pay the least amount of income tax each year, then it may be helpful to start doing some tax planning. Don’t worry - you...

Tax refunds can feel like Christmas in springtime. With a sudden boost to your bank account, you can look forward to going on a shopping...

You’re in business for yourself, running your own show and being your own boss. You’re also following all the regulations required of a...

Many business owners believe that just because there is a line item on the tax return for meals and entertainment deductions that just...

Taxes are a necessary evil - the price we pay for roads, bridges, schools and law enforcement. Audits, on the other hand, feel just plain...

If you paid way too much in taxes this year, I have a simple solution for you – reduce your taxable income, and you will reduce your...

Tax season is around the corner and whether you’re filing as an LLC or S Corp, you want to get the most savings possible. Here are some...

In order for your donation to be deductible, it must go to a nonprofit group that is approved by the IRS. Most often, these are...

​ Maybe you stash them away in a shoebox. Or maybe you keep them in your wallet until it can’t fit any more. That’s right, I’m talking...