Archive for December 2019
Retirement Planning Tax Tips for Entrepreneurs
It’s never too soon to start planning for retirement. Tax minimization can be especially hard for entrepreneurs, who have to keep up with tax law and investment strategies while managing a business Even if you’ve been doing everything you can to plan for retirement, expenses can add up fast if you’re not prepared in every…
Read MoreHow Technology Is Changing Professional Tax Preparation
Technology is altering every sector, and taxes are no exception. Big strides are being made to revolutionize the field, and more changes are on the horizon Tax professionals are tasked with updating their practices to meet changing technologies. As a taxpayer, what does this mean for your taxes? What’s already changed, and what can you…
Read MoreWhy Mother Nature Is a Potential Tax Nightmare
Natural disasters can devastate more than the building your business operates from. They can also destroy your tax records. What recourse does your business have? If a disaster strikes and records are destroyed and assets lost, it could mean a major tax nightmare for your business. Tax obligations, including proof of loss, filing, and payment…
Read MoreWhy Are So Many Tax Refunds Unclaimed?
More than a billion dollars is out there waiting to be claimed. Unfortunately, many businesses don’t know they may be entitled to a share of it Each year before tax time, the IRS announces the amount of unclaimed money it’s holding due to people not properly filing their tax returns. In early 2019, the IRS…
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