by Saif | Feb 27, 2025 | IRS Penalties
For many business owners, receiving notice of an impending IRS audit can be stressful, to say the least. Documents such as receipts, bills, tickets and employment documents need to be gathered, and if you have to meet with an auditor in person you’ll need to be ready...
by John Estess | Feb 15, 2024 | Accounting, Bookkeeping Services, Hot Topics, IRS Penalties, Tax Planning
According to certified financial planners, when Generation X and Millennials learn about income taxes, including any deductions and credits that may apply, it saves them thousands of dollars each year. If you are a Gen X or Millennial, whether you are embarking on...
by John Estess | Oct 20, 2023 | Accounting, Bookkeeping Services, Family Business, IRS Penalties, Small Business Accountant, Tax Planning
Did you know over 19 million taxpayers submitted valid tax extensions for the 2022 tax season? According to the IRS, millions of Americans annually file federal income tax extensions. A tax extension is considered valid if filed before the original tax...
by John Estess | May 16, 2023 | Accounting, IRS Penalties, Small Business Accountant, Small Business Finances, Small Business Toolkit
As certified public accountants, we know all too well the pain and pressure of tax season. Every year, businesses scramble to gather their financial information, search for deductions, and ensure everything is in order for the IRS. But did you know that starting your...
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