The Importance of Professional Bookkeeping for Small Businesses

For small businesses, bookkeeping is an essential part of the tax planning process. Bookkeeping involves keeping track of your company’s financial transactions on a regular basis. With an organized log of all business expenses, you’ll be able to make accurate financial decisions and tax preparations. Key Takeaways:  Bookkeeping and accounting are technically two separate services–but.

Tax Planning 101: Tips for Individuals and Businesses To Maximize Tax Breaks

There’s no escaping it: everyone has to deal with taxes. At best, it’s a mildly stressful experience. At worst, it can be overwhelming. But what if we told you it doesn’t have to be? What if, with the right amount of tax planning and support, tax season could actually be an organized, straightforward, even easy.

What Does Your CPA Do When it’s NOT Tax Season?

For many folks, the only time they see their certified public accountant is during the weeks leading up to April 15th–also known as Tax Day. But what exactly do they get up to after that?  Much like we used to assume our school teachers lived in their classrooms and evaporated into thin air once summer.

What Happens When You Over-Contribute to Your HSA, IRA, or 401(k)?

Setting aside money for retirement or healthcare expenses through an IRA, 401(k), or HSA is a smart thing to do. So contributing as much as possible to these accounts is a great idea, right? Well…yes and no. What many people don’t realize is that you can contribute too much to these tax-advantaged accounts. The IRS.

letter from the IRS

Did You Get a Letter From the IRS? Don’t Panic: Here’s What You Should Do

Getting a letter from the IRS can strike fear into the heart of any taxpayer. But there’s no need to panic. These letters are extremely common: in fact, the IRS sends millions of letters to taxpayers each year, and for a wide variety of reasons.  Here’s what to do if the IRS sends you a.