10 Documents to Save for Tax Season
Preparation is the Key Alexander Graham Bell once said, “Before anything else, preparation is the key to success.” He had to be talking about tax returns because no truer statement has ever been said. The best way to set your business up for success when it comes to filing your business tax return, aside from […]
Preparing Business Tax Returns That Avoid IRS Scrutiny and Audit Red Flags
The recently passed Inflation Reduction Act provides an additional $80 billion in funding for the US Internal Revenue Service (IRS) over the next decade, expected to translate to a big surge in IRS agent hiring and a significant increase in tax return auditing. While more auditing is good for the government, since it generates more […]
23 Tips to Keep Money in Your Business Heading into Tax Season
Filing your business’s taxes can sometimes feel like a necessary evil, making tax season a very stressful time for a small to midsize business (SMB) owner. Follow these tips to help limit your tax obligations and take advantage of relevant SMB tax credits. No one wants to pay more in taxes than they have to, […]
Help! What to Do When You Need to Change Accounting Partners During Tax Season
When a tax filing deadline is looming for your business, it would seem the worst possible time to think about changing accounting partners, right? Maybe not. Despite your due diligence in choosing an accounting and tax partner, you might come to the realization that the provider you’ve been using for tax services isn’t up to […]
What Are the Tax Implications of a C-Corp vs. an S-Corp?
As you’ll probably already know, business are built on a host of decisions, big and small. One such decision is the type of entity you choose to register your business as and what implications this decision has for your business tax-wise. In this blog, we’ll go through the differences between an S-Corp and a C-Corp, […]
With No SALT Cap Repeal in Sight, It Pays to Know if Your State Offers a Workaround
Ever since the Tax Cuts and Jobs Act of 2017 placed a cap on the amount of state and local taxes (SALT) you can take as itemized deductions on your individual tax return, high-income earners have found themselves paying more federal tax. And though some congressional leaders fought hard to repeal the $10,000 SALT cap […]
How to Manage Your Sales Tax
The world of tax can be extremely confusing, with rules differing between states, but getting it right is crucial to your company’s success. As your business evolves and changes over time, your sales tax obligations may also change or expand, so it’s vital that you’re effectively managing your taxes. In this blog, we’ll take you […]
Why You Should Hire a Tax Professional for Your Tax Return
To DIY, Tax Prep Software or Hire an Accountant? When it comes to completing your business’s tax return, it would seem there are endless options to do so. So how do you choose the right option for your business? Is doing them yourself ever a good idea? Is tax preparation software as worthwhile as hiring […]
Business Tax Calculator
If you’d like to receive a quote for your Federal and State income tax returns, try our calculator. Calculate Your Business Tax Return Costs The fee provided should be used as a reference only. The cost of your company’s tax return could vary based on different factors including: transaction volume, industry, revenue, or others.
