The IRS has 9 tips for picking a tax preparer: 1. Check the preparers qualifications-our partners and managers are all experienced CPA’s with valid PTIN numbers from the IRS. 2. Check the preparers history-our CPA’s all hold valid and active licenses, 3. Ask about service fees-our fees are based on time to prepare the return.…
Started a new business this year or are you just not sure about your tax situation? Now is the time to review your finances with someone who has the training and knowledge, before the beginning of next year. After the beginning of next year, it may be to late to take the steps necessary to…
The TCJA repealed the deduction for business entertainment. This includes expenditures such as taking clients to sporting events and shows and paying for season tickets for various entertainment events. Since these items are no longer deductible, it is very important to have your company’s internal accounting set up appropriately. We can help you identify these…
You may have heard a lot of talk in the news about a new deduction for “pass-through” income, but it’s actually available for qualified business income from a sole proprietorship (including a farm), as well as from pass-through entities such as partnerships, LLCs, and S corporations. Under the TCJA, individuals may deduct up to 20%…