What happens when you realize that you owe a great deal more in taxes than you anticipated? This can happen for a variety of reasons, and it’s not always related to financial irresponsibility. Taxes can be difficult to project in advance and there are many financial decisions you could make – such as selling a home or even moving across state – that can affect your tax bill. File Your Taxes On Time Read More»
Are you looking for a bookkeeping service? There are general bookkeeping services and there are also certified public accounting firms. Certified public accounting services are generally held to higher standards; though a regular bookkeeping service may be suitable to some needs, there are usually significant benefits to working with a CPA instead. Working with a CPA doesn’t necessarily have to be more expensive, either. 1. CPAs Are Extremely Knowledgeable Many bookkeepers are highly experienced and very well-educated, but CPAs need to pass four rigorous exams in addition to advanced educational credits to achieve their certification. Read More»
There is little doubt that tax season is probably a major source of stress for you. In addition to spending hours completing paperwork, you may also be forced to pay thousands of dollars at the end of this process. Not surprisingly, the complexity of tax season can be overwhelming, and you may need a couple of questions answered about the ramifications of what can happen if you are unable to complete this process by the deadline. Read More»
While the federal government and, possibly, the state may present relaxed rules and requirements for payment plans on taxes due, the requirements for local authorities could be much more stringent. For a small business that runs into trouble affording past due taxes, working with a skilled small business accountant to set up a payment plan without any undue burdens or hassles. Booms Followed by Busts Sometimes, the need for a payment plan arises unexpectedly and catches a business owner off guard. Read More»