Face it, whether on the paying or receiving end, errors in your tax return can potentially turn your finances upside down. Incorrect entries, forms, and misinterpretations can certainly intimidate those who try to go DIY come tax time. So, what’s the solution? You can hire an accountant or a tax-filing company to be sure your […]

Tax season has always been stressful. But the recent changes introduced with the Tax Cuts and Jobs Act (TCJA) may have you wondering what you are in for. You may have already seen in the news that some taxpayers, especially those living in high tax states, have already seen their taxes go up. Others are […]

Finding the perfect accountant to prepare your personal taxes is sometimes like a job itself. You know you want to find someone who is qualified, but what does that mean? When searching for a professional to prepare your personal taxes, make sure to keep in mind these last-minute tax tips. Know Your Situation Has your […]

Benefits of Hiring a Full-Service Accounting Firm Bookkeeping and accounting are necessary tasks for every business, big and small. Depending upon your specific needs, your company size, the number of monthly transactions, and payroll operations, your accounting needs will vary. Also, based on your business’ accounting systems, policies, and reporting procedures, your financial aspects shape […]

Around this time of the year, busy professionals suddenly find themselves even busier by having to prepare for tax season by gathering financial documents, reviewing new tax laws, and learning about ways to save on their taxes. Before you know it, you are in the heart of tax season and are not as prepared as you […]

Planning ahead for taxes is a New Year resolution most of us make. But it is never too late to consider some last minute strategies for this year… To help save on the tax bill, it’s always better to plan out strategies to lower taxes, avoid tax penalties and save a bit more money before […]

You most likely filed your taxes for 2017 already. So you know that the Tax Cuts and Jobs Act (TCJA) has made a number of changes to the individual tax code that applies to you. Overall, like many millions of Americans you can look forward to a lower tax bill in the next few years […]

For taxpayers who requested an extra six months to file their 2017 tax return, the extension deadline is Monday, October 15, 2018 for most taxpayers. For those who have not yet filed, here are a few tips to keep in mind about the extension deadline and taxes: If you timely requested an extension of time […]

The Internal Revenue Service and Department of the Treasury have announced their intent to issue regulations on three recent tax law changes affecting popular 529 education savings plans. Tuition refunds The PATH Act change added a special rule for a beneficiary of a 529 plan, usually a student, who receives a refund of tuition or other […]