From Couch Surfing To Revolutionary Entrepreneur
One of the most influential people in tech history didn’t start out that way – especially in those early days of his life. Learn more.
September 25, 2022
Jancis Tan
Read This Before Tossing Old Tax Records
Now that your taxes are complete and filed for the year, you are probably wondering what old records can be discarded. You can toss those old records after 4 years with some exceptions. However, don’t discard records that support the tax basis of an asset you still have. You will need those when the asset is sold to determine profit or loss.
September 23, 2022
Missing Out On Your Tax Refunds?
Many taxpayers forfeit sizable tax refunds because they are not required to file a tax return. If you have skipped filing tax returns in the last few years, watch this video to see what you may be missing out on.
September 22, 2022
Best Practices For Avoiding Cash Flow Problems With Your Business: A Guide
First, it’s important to get a handle on just what is meant by the term cash flow in the first place. Generally speaking, it can be separated into two categories: cash inflow and cash outflow. Learn more.
September 20, 2022
October Extended Due Date Just Around The Corner
If you could not complete your 2021 tax return by the original filing due date and are now on extension, that extension expires on October 17, 2022, and no additional extensions are available. Failure to file before the extension period ends can subject you to late-filing penalties.
September 19, 2022
Everything You need To Know About Starting A Business: Your Step-By-Step Guide
Coming up with an idea for a new business, however, is one thing. Actually becoming a successful business owner is something else entirely. Learn more.
September 18, 2022
Solar Tax Credit Gets New Life
The Inflation Reduction Act signed into law by President Biden on August 16, 2022, gives new life to the federal tax credit for the purchase and installation costs of residential solar-power systems and battery systems.
September 17, 2022
A Reminder Of The Third Quarter Estimated Tax Payment
The third quarter estimated tax payment is due on September 15th. If you need help estimating your taxes, please contact our office for additional assistance.
September 11, 2022
Home Energy Improvement Credit Is Enhanced
With the passage of the Inflation Reduction Act of 2022 the Home Energy Improvement Credit once again becomes a meaningful incentive for taxpayers to make energy-saving improvements to their homes. The new legislation did away with the minimal $500 lifetime limit by replacing it with a $1,200 annual limit and increased the credit rate from 10% to 30%.
September 8, 2022
Receiving A Phone Call From The IRS? Beware Of Scammers!
Scammers can pose as IRS representatives in order to extract money from unsuspecting victims. Learn the different methods that the IRS uses to contact taxpayers to protect yourself.
September 8, 2022