Just like people, businesses are taxed based on their income. However, the kind of taxes that are owed by a business and the way in which they file their taxes depends on the type of business structure they are considered. Knowing what kind of business structure your company is will help you to understand how […]
Just because tax season is definitely over doesn’t mean that you should be siting idly by waiting for next spring to come around. There is plenty of information out there you can use to equip yourself for the coming tax season, and all of the time in the world to do it. You go about […]
While it may seem like a long way off, estate planning is the best way to ensure your assets are distributed the way you want. But while you may want certain family members to receive certain aspects of your estate, you also don’t want to leave them with a large tax bill. Many parts of […]
Contrary to popular belief, tax planning isn’t something that you just leave for the end of the year and again in April. Though it’s easier to pay your taxes and forget about them until next year, a mid-year review can help to make sure that you’re not overpaying. A mid-year review also allows taxpayers to […]
Make sure that the audit is real.
Fraudulent tax examinations do happen, believe it or not, and fake tax audit notices have only increased in frequency in the recent years. If the first contact is something other than a written letter, there is a very good chance that it is not legitimate, and you need to […]
As you might have noticed from part one of this series, gift taxation is a process that must be discussed and planned thoroughly in order to follow the rules and regulations surrounding it. Today, we’re going to wrap up the last of the frequently asked questions, so let’s get started.
Whom should I hire to represent […]
Wondering what a gift tax is? Strategic gift taxation planning can help to make sure that your objectives are accomplished without unnecessary complication or taxation. Knowledge is power, so we’re here to educate you on gift taxation in this two-part series, and address some frequently asked questions.
Generally speaking, the gift tax is a tax on […]
Making sure to file your taxes is important, but some people watch that deadline fly by without even noticing it. For some reason or another, they don’t file (or pay what they owe) by the deadline, and there are definitely some consequences to that. Here are some things that can happen as a result of […]
Business owners understand stress. They manage employees, daily operations, and customers. One thing that vexes them more than anything though is filing their taxes. Filing taxes as a business owner can seem like a quarterly uphill battle . It’s important to know, however, that business taxes don’t have to be so frustrating, especially when you […]
Now that 2016 has officially arrived, the countdown to tax season is underway. Important tax documents, including W2 forms, will begin arriving in mailboxes this month and the IRS officially starts accepting returns on January 19th. To minimize stress and streamline the process, it’s important to gather your documents now and make an appointment with an experienced […]
