Blog

Importance of Financial Statements

Financial statements are critical to the financial success of any business. Without financial statements, it’s nearly impossible to know if your business is profitable or not. When we prepare tax returns or do tax planning, we’ll ask you for a copy of your financial statements unless our accounting department is doing the accounting for you.

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Filing & Tax Payment Deadlines

When is my tax return due? Does my business have a different filing deadline than my personal income tax return? Can I request an extension? When are estimated tax payments due? These are all important questions. And the answer is: it depends. Please refer to the information below regarding tax return filing deadlines. Note: An

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Tax Planning and the Portal

Most individuals would benefit from tax planning. Trust us, we find no satisfaction in getting to February, March, April, or whichever month it may be that you file and telling you: “You owe $XX,XXX.XX in tax, due April 15th. Had we communicated previously, we may have been able to reduce your tax bill.” Tax planning

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I Got a Notice From the IRS, Now What?

When you get a notice form the IRS, or any state agency, it can be stressful. Your first thoughts could be: Is the notice right? Should I just pay it to avoid an audit? Will they garnish my wages? Do I really owe that much money? Where can I go for help? Will the IRS

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Employee or Independent Contractor

“Are the people that I hire employees or independent contractors?” This is one of the most common questions that we get from our small business clients and one of the more challenging to answer. I will lead with the caveat that all states have their own laws regarding personnel classification but there are some common

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