News

With 2020 right around the corner, we know you’re probably considering new goals for your business. Why not make one of them going cashless? We know you may find this scary. You should consider your clientele, this isn’t for every business. But for... Read More »

The IRS announced Monday that it is extending the due dates for sending certain health care information statements to individuals as required under the Patient Protection and Affordable Care Act (PPACA), P.L. 111-148 (Notice 2019-63). The IRS has... Read More »

We all know the tax penalty for not having health insurance was a concern. You may be wondering, is it today? Fortunately, the answer to that question is no. The federal tax penalty for not being enrolled in health insurance was eliminated in... Read More »

This is just a friendly reminder that your third-quarter taxes are coming due. If you’re a contractor, or self-employed, you know the importance of quarterly taxes. We want to remind you that taxes are coming due on September 15th. When Are... Read More »

Form 1099-NEC is about non-employee compensation. As a result, if you have contractors for your business, you should be interested in this forms release. Also, if you’re interested, you can review the form on the IRS website here. It is just a... Read More »

In special cases, the tax court allows deductions without records. For example: in a 1994 decision, the court rejected the IRS’s disallowance for lack of substantiation of deductions claimed by Marvin Eugene Huff. Marvin introduced evidence that a... Read More »

If you own an LLC, taxes are more complicated. For this reason, we’re going to cover the basic types of forms you’ll need to fill out based on your business type. We’ll also include some deadline information which you’ll need to know. However, ... Read More »

The end of tax season is approaching. With this in mind, here is a list of tax deadlines for 2019. We’ll keep this simple in order not to overwhelm you. First & foremost, tax filings are due April 15th. If you have not gotten your information ... Read More »

Who should be doing your small business accounting? Do you keep it in house or should you hire someone? How much will it cost me? These are all questions every small business owner encounters at some point. Here we’ll provide a few insights to help... Read More »

Your taxes are a hassle. We know. It’s why we are here to help you prepare for this upcoming tax season. Below are a few tips to get you started… Decide Your Filing Status Are you single or did you get married this year? Equally... Read More »