Part 2 Need To Know: Selecting A Business Structure

Part 2 Need To Know: Selecting A Business Structure

Forming a new business is such a fun adventure! It can be hard determining which kind of structure to select. We have broken down the most popular options to help you better understand what is available. As always, we are here to help answer any questions you may...
Part 1 Need To Know: Is It A Business Or A Hobby?

Part 1 Need To Know: Is It A Business Or A Hobby?

Is It A Business Or A Hobby? There are many people who have skill sets that can become a source of income. This can be anything from glass blowing to wood working, baking cakes to catering and everything in between. No matter your passion, we have some tips for you on...
How Can You Reduce Or Remove Tax Penalties?

How Can You Reduce Or Remove Tax Penalties?

Tax penalty—something no business owner wants to hear. We know that paying taxes isn’t at the top of everyone’s favorite things list, but paying an unexpected IRS penalty can be the WORST–and can cost hundreds if not thousands of dollars. Did you know there are legal...
Is It Necessary To Amend A Tax Return?

Is It Necessary To Amend A Tax Return?

Is it necessary to amend a tax return? We get this question a lot. Many people realize they messed up their federal tax return after they have already submitted it. It can make you panic and become a little scared that someone is going to come and report you to the...
5 Tax Return Red Flags That Can Lead To An Audit

5 Tax Return Red Flags That Can Lead To An Audit

Getting audited by the IRS can feel extremely stressful and overwhelming. The IRS is meticulous when reviewing questionable tax returns. We want our clients to be honest and informed when reporting to the IRS. We know sometimes audits are unavoidable and we are here...
How Do I Extend The Deadline For Filing My Taxes?

How Do I Extend The Deadline For Filing My Taxes?

We understand that filing an extension for your tax return can seem overwhelming. Do not worry we are here to help! The most important thing to remember is that you must request the extension by the regular due date of your return to avoid any penalty fees. We suggest...