5 Tips for First-Time Tax Filers
Filing taxes for the first time can be overwhelming. But if you have the right tools and advice before you start, it won’t be. Here are a few critical things to know before you begin, which will make the seemingly daunting process much easier. Start Prepping Early Even though the deadline to file a tax… Read More
When Is A Loan Not A Loan?
With the sweeping new tax legislation in 2018 capturing everyone’s attention, other changes have taken a back seat. There were several Tax Court cases in 2018 that rendered important decisions impacting how things work – one of which was Povolny Group, Inc. v. Commissioner, T.C. Memo 2018-37. The Povolny Group decision centers on a common issue… Read More
How Businesses Can Effectively Manage Seasonal Sales
When it comes to businesses dealing with seasonal sales, making payroll and other financial obligations can be stressful on budgets. However, one way to deal with fluctuating sales and cash flow problems is to see if invoice factoring is appropriate to meet year-round needs. Invoice Factoring One way for businesses dependent on seasonal sales is… Read More
New Proposals for Government Programs
The Tax Cuts and Jobs Act delivered a wealth of benefits for taxpayers at every income level, but none more so than for the very rich. The net result of huge tax breaks for both high-income and corporate taxpayers is that the government now has much reduced tax revenues coming in to help pay for… Read More
Tax Season 2019 is here!
In the blink of an eye, it’s time to file taxes again. Thank you to those that have trusted us with your tax return this year and helped us start the filing season in a full sprint. All the early birds can sit back and relax while you enjoy the Super Bowl on Sunday, February… Read More
Back to the Future?
We’ve always been fans of the Delorean, so we couldn’t pass this article up! It seems the Delorean has actually made the trip back to the future!
Dates to Remember for Taxes
5 Things to Start Doing in the New Year
New Year’s resolutions usually involve stopping things like eating, drinking and spending too much – and so on. You know the drill. However, according to U.S. News & World Report, 80 percent of New Year’s resolutions fail by the second week in February. Why not switch things up this year? Instead of setting yourself up… Read More
Divorce Can Be Taxing
Divorce is expensive. Aside from the emotional toll divorce takes on a family, both the process and aftermath of a divorce can be costly. Below we look at some of the steps people can take to help remove the tax sting out of an already challenging time and arrive at the best financial position. Changes… Read More