Tax refunds are something every taxpayer looks forward to. According to research, the average tax refund amount is roughly $3,000. But what if we told you there are steps you can take to maximize your refund and get your money back that you would have overpaid? Here are the top four strategies for maximizing your…
It may surprise you that you may still file a paper tax return in this digital age. Only about 10% of people were still using paper filing in 2018. What are the issues to consider when you are busy with your tax preparation and faced with paper filing versus electronic filing? The Advantages of Electronic…
As a small business owner, you might want to wear many hats, but that won’t be the best way to grow your business. Some small business owners even take it too far and try to be marketing gurus, web developers, accountants, and bookkeepers at the same time. This will only lead to half-baked results with…
The tax prep season is upon us. Millions of Americans struggle to meet the deadline for the filing of their personal or business taxes. Being tax prepared and having the documentation needed on hand is an important part of a taxpayer’s tax prep for the prior year. 1. Income Tax Prep Documents. For most people,…
Tax time for your business can be a tedious process. As a result, about 70% of business owners hire tax professionals for tax preparation. These individuals are quite familiar with the tax processes and codes. This means hiring them will save you a lot of time and money that you can then dedicate towards other…
Facing the reality of being a small business owner can be overwhelming. You must worry about everything from marketing to inventory, customer service, and taxes. But you don’t have to worry about some things like creating your financial reports. That’s where a professional bookkeeper comes in! Here are a few things to look for in…
There are several ways you can benefit from bookkeeping services as a business. Bookkeepers can come up with reports and handle a variety of financial transactions for your business. They are also well versed when it comes to matters like taxes. Here are some of the reasons why you must hire bookkeeping services. Bookkeeping…
Small businesses and individuals often work with CPAs to streamline tax preparation and planning. Many find determining what deductions they can take to be a confusing process — one that CPAs can often help streamline. Getting your taxes done quickly is one of the main reasons to consider working with a CPA. Read on for…
Are you searching for information about small business accountants? Maybe looking for details about what CPAs who work with small businesses do? You’re not alone! Did you know that approximately 70% of small businesses utilize tax professionals to help with tax preparation and dealing with the IRS? Over the years, we’ve fielded tons of questions…
Tax season can be busy for everyone involved. For instance, small businesses spend about 2.5 billion hours per year preparing tax returns and providing the IRS with information about their returns, according to The National Taxpayer Advocate. Therefore, if you want to stay ahead of your taxes without feeling like you’re drowning, then it pays…
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