One of the many mistakes that I see in my profession is waiting too long to get help in accounting and tax preparation. We think we know when we are going to go to that next step but wait faithfully for the day to come to “need” someone. We think in 2 months we can [...]
Savvy business owners use a Certified Public Accountant to help with their taxes, knowing that training and experience can help to dramatically boost tax savings. But a good CPA is more than just a tax advisor—he or she is a business expert who can help with a range of financial and business development concerns. If [...]
…and How a CPA Can Help Most business owners would rather suffer through a root canal than be subject to a tax audit. Even for those who keep meticulous records and adhere to all state and federal regulations, the auditing process can involve weeks of anxiety and tedious red tape. Without professional guidance, most taxpayers [...]
Think Again. You wouldn’t set off on a cross-country journey without your GPS system—so why risk navigating the sometimes turbulent waters of business ownership without a qualified tax professional to guide you? Considering the proven benefits of hiring a Certified Public Accountant, it’s surprising that a significant number of business owners don’t use one. What’s [...]
Source: Wikipedia In the words of the famous Will Rogers (you do know who he is, right?) “The difference between death and taxes is death doesn’t get worse every time Congress meets.” I am not sure when exactly Mr. Rogers said that but considering that it had to be some time before 1935, [...]
If you have a financial interest in or a signature authority or other authority over any foreign financial account, including a bank account, brokerage account, mutual fund, trust, or other type of foreign financial account you may want to pay close attention to this blog post. There is a deadline approaching. According to the Bank [...]
If you collect sales taxes then you need to know…… The 1% Temporary Transaction Privilege Tax approved by Arizona voters in May 2010 will expire after May 31, 2013. New rate table below: http://www.azdor.gov/Portals/0/TPTRates/201306.pdf If you owed money on April 15th you will want to avoid penalties and interest by filing quarterly. 2nd Quarter Estimated [...]
The recently enacted 2012 American Taxpayer Relief Act is a sweeping tax package that includes, among many other items, permanent extension of the Bush-era tax cuts for most taxpayers, revised tax rates on ordinary and capital gain income for high-income individuals, modification of the estate tax, permanent relief from the AMT for individual taxpayers, limits [...]
The dreaded April 15th tax deadline is here, which means the official end of “tax season” has arrived! If you are having us prepare your return and it has not been completed prior to the April 15th deadline, we have already filed an extension for your taxes and we are working on these returns to [...]
The April 15th tax deadline is fast approaching! April 15th is the deadline to either file your taxes and pay any taxes owed, or file for an automatic six-month extension and pay you estimated taxes due. If you still have not filed your taxes and need your return prepared or need to file an extension [...]