Proper bookkeeping gives companies a reliable measure of their performance. By keeping accurate records, your business can get a snapshot of its health in the form of financial statements such as income statements, balance sheets, cash flow statements and more. Enter bookkeeper! Contracting a professional to assist you with your bookkeeping and accounting will ensure that you are getting the most…
If you run your own business, you know how taxing bookkeeping and accounting tasks can be. If it’s a responsibility you’re ready to get off your plate, we have some considerations to share while selecting a bookkeeping service. Your bookkeeper must be aware of the business operations, goals and issues to do their job correctly;…
Are you sure you got your maximum refund last year? Did you owe more than you expected? What about the last 3 years? Maybe you didn’t claim all the credits or deductions you deserve on a past-year tax return – and that can mean missing out on money you could put toward bills, start saving,…
IRS Tax Tip 2020-165, December 3, 2020: As taxpayers get ready to file their 2021 taxes, they may be thinking about hiring a taxpreparer. People should choose a tax preparer wisely. This is important because taxpayersare responsible for all the information on their return, no matter who prepares it for them.There are different kinds of tax preparers,…
The IRS announced its Taxpayer Relief Initiative, a provision that aims to help taxpayers impacted by the Coronavirus pandemic. The measures include, among other things, more time to resolve tax liabilities and more flexible terms to set up Installment Agreements. If you qualify for a short-term payment plan you may now have up to 180…