Small business owners, especially when they are just starting out, often wonder about how they should navigate the payroll process. Should they hire a service or handle this important...
Posted by Esther N. Phahla, CPA, A Professional Corporation on 02/12/2018
If you owe taxes to the IRS, you should know about the IRS penalties for late filing and paying federal taxes because these penalties could increase your tax bill significantly. To...
Posted by Lone Star Tax Group on 01/18/2018
When it comes to choosing the type of set up for your business, there are pros and cons to a limited liability company and a partnership. However, an S corporation or S corp can provide...
College is a dream for many young people, but it can leave their parents lying awake at night trying to figure out how to pay for it. However, tax regulations have provided a 529 savings...
You’ve scheduled your appointment with Professional Accounting Services, Inc. in Owing Mills, Maryland, and you are ready to get started! But where do you start? Besides...
Of all the forms involved in filing your tax return, tax form 1040 might just be one of the most important. This form is one of a few that helps you file your annual federal taxes,...
Listen, we’ve got it. Taxes are here like the winter—do you feel prepared? Are the windows shuttered, the dials set to 70, and the sweaters yanked out of storage? The same...
If you’re looking to save money this tax season, itemizing deductions claimed on your taxes can the way to go. One problem that we see often is that because there’s often SO many...
AccountantIt is no secret that the risks of committing avoidable tax flaws, particularly towards the tax filing deadline, are abnormally high, some with completely negative consequences...