The IRS has announced its 2024 inflation adjustments on November 9, 2023. Although the U.S. income tax rates will remain the same during the next two tax years, due to a change in the tax brackets (the buckets of income that are taxed at progressively higher rates),...
What methods can you implement when you file your business tax return as an employer, owner, and operator of a small business? Efficiently filing your taxes can maximize deductions and credits, shelter revenue, and contribute to employee benefit plans. The following...
Many small businesses lack the capacity and financial muscle to effectively manage specific functions. Preparing financial statements and complying with federal tax laws are among the most challenging tasks that can threaten small businesses. As a business owner, do...
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...
The Taxpayer Advocate released their report on the state of the IRS, National Taxpayer Advocate 2021 Annual Report to Congress. You may find that this is an interesting read. Many of the forms required to complete the 2021 Income tax returns for small...
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