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...
As a small business owner, you wear many hats. You are responsible for staying up to date with the changes in your industry, keeping track of inventory, ensuring all your insurance is up to date and managing your employees. If you are overwhelmed by the bookkeeping...
You may have heard of a first-time penalty abatement (FTA) waiver. When taxes haven’t been filed or paid, the IRS allows an “abatement” that removes penalties applied to the taxpayer. The IRS would prefer to help people pay their tax debt, and the FTA is one tool you...
No matter the size of the operation, all forward-thinking business owners employ the services of a Certified Public Accountant (CPA). As a business grows and becomes more profitable, the amount of money handled increases. The intelligent step is to find a CPA to...
There is a certainty to paying taxes as Benjamin Franklin famously expressed, “In this world, nothing can be said to be certain, except death and taxes.” Author Ann Landers said comically, “A person doesn’t know how much he has to be thankful...
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