There is a new law in effect that requires  ALL the business owners in the US to register their information with the U.S. Treasury...

The saying that something is better late than never applies perfectly to filing your taxes with the IRS. If for some reason you cannot...

As you prepare for the tax season, Often, clients tell me they are waiting to receive their 1099’s – but that is wrong! No need to wait...

HERE’S HOW YOU CAN SAVE THOUSANDS IN TAXES… The American tax system can be confusing and overwhelming, not only to new citizens but also...

Over 82 million individual taxpayers file their taxes electronically in 2021, It is 92% of all U.S. Taxpayers! Why E-filing is so...

While individuals and businesses in all 50 states pay federal income tax, residents in 41 states also pay state income tax. Seven states...

Owning a rental property is a huge part of the American dream. Renting out a residential property can be a solid investment, but there...

When an individual becomes to own a small business he or she must make the choice about business structure. In this article, we show you...

Top 7 questions you must ask your accountant: 1. What information do you need from me? You must come prepared for an accounting...

Start your own business! Starting your own business is one of the most powerful ways to take control of your life and make extra money....

Nowadays it is a must to have a bank account and it is never too early to start saving money and teaching kids how to manage income and...

In case you haven’t considered it, hiring your children may be the easiest and legitimate way to cut your taxes. In this article, I am...

What is an Annual Report? An Annual report is necessary because it keeps the company in good standing status as a registered entity. In...

Don’t waste money on penalties! Penalties apply when you owe taxes or did not file a tax return or extension. Keep in mind that the...

Important! You can correct your taxes for the last three years! Story 1 Clients Alice and Erik came to our office with a recommendation...

If you just received a notice that your taxes are being audited: what does it mean? A Tax Audit is an accounting procedure where the IRS...

What to do: Verify why exactly the IRS sent you a letter. The agency categorizes notices to: – information letters (the agency wants to...

According to the IRS, records should be kept for 3 years from the date you filed your original return, and for 7 years if you file a...

Get ready to launch a solo 401(k) retirement plan Most contributions and other limits for retirement plans only budged slightly for...

Substance over form. Have you received a W-2 or 1099 with an error? Check forms carefully to ensure accuracy. If you discover a mistake,...