If you’ve ever been through a financial audit, you know they are time consuming and exhausting. Not to mention expensive. What if you could reduce the possibility of needing audited financials? Fortunately, you can. The answer is an annual financial review. They are less time consuming, less costly, and take less time away from you …
Tax Preparedness Whether you’re a seasoned pro, or it’s your first-time filing taxes for a business, there are commonalities in what your tax preparer will need to ensure your returns are complete and accurate. Using a checklist will not only save time, but will help your tax professional find all the deductions and credits to …
Chances are, your life plan did not include filing for divorce. When you said, “I do”, you believed wholeheartedly it was a promise you’d honor as long as you and your spouse were alive. Unfortunately, life happens, and people change. Some couples can weather the storms and evolve together. Others are not. What’s important now …
Yes, You Can Minimize Your Personal Taxes Every year, people like you pay too much in taxes. In most cases, the reason is lack of knowledge. There are many opportunities to decrease your tax liability and minimize your personal taxes, but if you don’t know they exist, how can you use them to your advantage? …
As a business owner, you strive to run a profitable, thriving business. But you’re not in business to support the IRS, so how do you avoid paying more than your fair share? As in life, knowledge and information are your best defense, and your greatest assets for ensuring profits remain available for business expansion, including …
Strategies To Minimize Tax Liability For Business Owners Read More »
Monitor Your Financial Health Every year, you manage your health with an annual physical, eye exam, and diagnostic tests to monitor the wear and tear on your body and identify potential opportunities to strengthen and improve your overall health. Are you giving your financial health the same attention? When it comes to your physical health, …
Direct Your Personal Financial Health Towards Prosperity Read More »
If your company has more than 100 employees with benefit plans (EBPs), the Department of Labor (DOL) demands that an Employee Benefit Plan Audit be completed annually by a CPA. It’s possible that the DOL may act upon the Form 5500 you submit to the IRS regarding your company’s 401K and review the audit. To …
The Ultimate Employee Benefit Plan Audit Checklist Read More »
National income in the USA is on the rise, and so are the rates at which the Internal Revenue Service (IRS) is auditing businesses. In fact, they plan to increase their IRS small business audits by about 50% in the coming year! So, what does that mean for small business owners like yourself? Well, it …
IRS Business Audits: Everything You Need to Know Read More »
Make Tax Planning Part of Your Year End …in this world, nothing is certain except death and taxes. – Benjamin Franklin Filing and paying annual income taxes may be an integral part of doing business, but that doesn’t mean you have to like it, nor pay more than your fair share. Whether you face the …
Moving to another state is a key part of many peoples’ retirement plans. However, not everyone takes in to account all of the tax considerations when retiring in another state. Some couples want to enjoy better weather so they can participate in more outdoor activities, such as those living up north who decide to relocate …
Tax Considerations When Retiring In Another State Read More »
