94. BOI Report - Beneficial Ownership Information Reports!
There is a new law in effect that requires ALL the business owners in the US to register their information with the U.S. Treasury...
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Mar 29, 20235 min read
92. The Pros and Cons of filing a Tax Extension
The saying that something is better late than never applies perfectly to filing your taxes with the IRS. If for some reason you cannot...
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Jan 13, 20232 min read
91. TAX SEASON IS HERE!
As you prepare for the tax season, Often, clients tell me they are waiting to receive their 1099’s – but that is wrong! No need to wait...
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Dec 9, 20221 min read
87. HERE’S HOW YOU CAN SAVE THOUSANDS IN TAXES
HERE’S HOW YOU CAN SAVE THOUSANDS IN TAXES… The American tax system can be confusing and overwhelming, not only to new citizens but also...
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Nov 22, 20221 min read
85. Difference between E-File and Paper File
Over 82 million individual taxpayers file their taxes electronically in 2021, It is 92% of all U.S. Taxpayers! Why E-filing is so...
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Nov 18, 20221 min read
84. Where Americans pay less in state income taxes
While individuals and businesses in all 50 states pay federal income tax, residents in 41 states also pay state income tax. Seven states...
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Nov 17, 20222 min read
83. Rental Property Deduction Checklist for Landlords
Owning a rental property is a huge part of the American dream. Renting out a residential property can be a solid investment, but there...
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Sep 15, 20222 min read
81. TAX Comparison Between S- and C-Corporations
When an individual becomes to own a small business he or she must make the choice about business structure. In this article, we show you...
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Aug 13, 20223 min read
74. Looking for an Accountant You Can Trust?
Top 7 questions you must ask your accountant: 1. What information do you need from me? You must come prepared for an accounting...
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Aug 10, 20222 min read
72. It's Time to Start Your Own Business!
Start your own business! Starting your own business is one of the most powerful ways to take control of your life and make extra money....
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Jul 28, 20224 min read
71. How to open a Bank Account for Minors
Nowadays it is a must to have a bank account and it is never too early to start saving money and teaching kids how to manage income and...
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Jul 26, 20222 min read
70. Why You Should Pay Your Children Under Age 18?
In case you haven’t considered it, hiring your children may be the easiest and legitimate way to cut your taxes. In this article, I am...
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Jul 21, 20222 min read
69. The Annual Report: What You Need to Know!
What is an Annual Report? An Annual report is necessary because it keeps the company in good standing status as a registered entity. In...
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Jun 22, 20221 min read
67. Don’t Waste Money on Penalties!
Don’t waste money on penalties! Penalties apply when you owe taxes or did not file a tax return or extension. Keep in mind that the...
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Jun 16, 20224 min read
66. 1040x Amended (Corrected) Tax return. True Stories (All names are changed)
Important! You can correct your taxes for the last three years! Story 1 Clients Alice and Erik came to our office with a recommendation...
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May 13, 20224 min read
65. Why the IRS Audits You and What to Do if You Are Audited?
If you just received a notice that your taxes are being audited: what does it mean? A Tax Audit is an accounting procedure where the IRS...
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May 12, 20221 min read
64. Have you got a letter from the IRS? Don’t ignore it. Don’t panic and act on time.
What to do: Verify why exactly the IRS sent you a letter. The agency categorizes notices to: – information letters (the agency wants to...
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May 10, 20221 min read
62. What Records Should I Keep for Taxes and for How Long?
According to the IRS, records should be kept for 3 years from the date you filed your original return, and for 7 years if you file a...
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Feb 26, 20223 min read
57. Tax optimization with 401K Solo MUST have payroll!
Get ready to launch a solo 401(k) retirement plan Most contributions and other limits for retirement plans only budged slightly for...
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Feb 25, 20221 min read
56. Error in form W2 or 1099?
Substance over form. Have you received a W-2 or 1099 with an error? Check forms carefully to ensure accuracy. If you discover a mistake,...
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