As the end of the year approaches, business owners may be thinking about replacing a business vehicle – profits from the business may be up, so the timing may be right to acquire a new vehicle, or the current vehicle may finally be on its last legs. A question then comes up: Is it better […]
With mortgage interest rates low and home prices finally making a comeback, flipping real estate appears to be on the rise. This activity is even the theme of several popular reality TV shows. House flipping is, essentially, purchasing a house or property, improving it and then selling it (presumably for a profit) in a short […]
If you are a single parent dealing with the complicated tasks of working and raising a family, there are some tax benefits and issues you should be aware of. Filing Status – Just because you are single or widowed does not mean you have to file your tax returns using the single filing status. Tax […]
Most taxpayers don’t intentionally incur tax penalties, but many who are penalized are simply not aware of the penalties or the impact they can have on their wallet. As tax season approaches, let’s look at some of the more commonly encountered penalties and how they may be avoided. Underpayment of Estimated Taxes and Withholding – […]
Imagine finding the home of your dreams. It’s the perfect location, the perfect style, even the perfect price. Excitedly, you start the loan application process. You know this part of the process will be easy since you’ve always paid your bills on time and only have one credit card which you pay off every month […]
Find out the new procedures for getting an Individual Taxpayer Identification Number (ITIN). You can also go to www.irs.gov/itin
Identity theft is becoming a bigger problem as more and more people are making the internet a bigger part of their lives. You may not think that an accounting or tax firm should worry about identity theft, but it is a major problem for us these days. We will be doing a whole series on […]
The New Year is right around the corner. Before it’s upon you, why not make a plan right now to give your business a boost. Give yourself and edge and start planning now. Step #1 – Review the data. Spend some time reviewing your business plan. Take a look at your goals. Review your strategies […]
Your business’s assets aren’t just the financial and physical objects owned by the company. In fact, the most important business assets the company possesses are the employees hired to get business done. The hiring process should include both pre-employment screening and post employment document collection. Obviously, pre-employment practices mean the best candidates are hired which […]