Filing taxes doesn’t have to be stressful! With a little preparation and guidance, gathering your documents can be a much smoother process, having a clear plan helps you ensure nothing gets overlooked.
Author Archives: Ken Rogers
Should You File Taxes Jointly or Separately?
Tax season brings plenty of decisions, and if you’re married, one big question might be: Should we file jointly or separately?
1099 vs W-2: The IRS Rules That Put Small Businesses at Risk of Costly Audits
Hiring 1099 contractors may seem smart—but misclassification can trigger IRS and NY DOL audits, massive penalties, and payroll tax bills. Learn the risks every small business owner must know.
The Hidden Pitfalls of Having Too Many Business Bank Accounts
If you’ve ever heard of the Profit First method by Greg Michalowicz or Simple Numbers by Greg Crabtree you know they emphasize creating separate bank accounts for different business purposes.
Why Filing a Tax Extension Might Be a Smart Move
Filing taxes can feel overwhelming, especially when life’s twists and turns make it hard to hit the April deadline. Luckily, the IRS offers a helpful solution: filing for a tax extension. While some might see an extension as just kicking the can down the road, there are actually several strategic reasons why it could be the right choice for you.
Building a financial emergency fund
The new year is a great time to start new habits. One new habit is building a financial emergency fund.
The IRS Funding Saga: What It Means For You
If you’ve been catching bits and pieces about IRS funding cuts but feel a bit lost in the details, you’re in good company. Let’s break it all down in plain, friendly terms—because taxes are complicated enough without the drama.
File your Beneficial Ownership Information Report on time
To avoid criminal & civil penalties, businesses must file a report with the Financial Crimes Enforcement Network (FinCEN)
My Fiscal Office is Requiring ALL clients to have a IRS Identity Protection (IP) PIN.
In the past, we strongly recommended that clients obtain an IRS Identity Protection (IP) PIN. This year, as part of our mandated Written Information Security Plan (WISP), we are now requiring all clients to have an IRS IP PIN.
Deducting Meals and Entertainment
When are meal and entertainment expenses nondeductible, 50% deductible, or 100% deductible?