From the Author Archive

Tax FAQ Series – What is considered a business expense/deduction?

During this upcoming tax season, we are hosting a Tax FAQ series on the blog to answer many of the frequently asked tax questions we consistently receive from our small business owning clientele. We […]

IRS confirms tax filing season to begin January 28

Charles Rettig, the new IRS Commissioner, has confirmed that the IRS will begin accepting 2018 tax returns starting January 28th and the IRS will also begin processing refund checks now. This is great news […]

Urgent Release: IRS waives penalty for many whose tax withholding and estimated tax payments fell short in 2018

As the 2019 tax season rolls into full swing, good news just hit the press! Newly appointed IRS Commissioner Charles Rettig just announced that the IRS will waive more penalties for taxpayers who didn’t […]

Understanding Tax Deductions & Credits

Business taxes are governed by a large volume of tax codes, rules, regulations and procedures. Knowing the ins and outs of these various requirements can make the difference between a tax refund or a […]

What the 2018 Tax Brackets Look Like Under Tax Reform

We heard last week that the max personal tax category would be 37%. We now have info on all the personal tax categories along with a few more details. One more committee review then […]

The Latest on Tax Reform – Senate Passes Tax Bill

The Senate passed the Tax Bill at 2am Saturday morning (Dec 2, 2017). Next step is negotiators from the House and Senate work to reconcile their bills, then it goes to the President for […]

The Latest on Tax Reform – Part 2

The currently proposed tax reform bill, if enacted, would have a significant impact on business taxation. As noted in Part 1, don’t get too nervous, or excited just yet – there’s a long political […]

House Passes Tax Cuts And Jobs Act

Just an FYI – the House just passed H.B. 1 (the Tax Cuts & Jobs Act) last week. It now goes to the Senate who needs to either approve it, or pass their own […]

The IRS Summons – When the Bully is the Government

You’re going to love this one but you’ll need a little background in two areas first. BitCoin is an emerging form of currency that’s essentially tracked as an electronic balance instead of printed on […]

Top IRS Audit Flags in 2016

Taxes themselves are a hassle. But even worse is the prospect of an audit after you’ve filed. So knowing what increases and decreases the probability of an audit is something we’ve made our business. […]