Are you afraid to take a home office deduction because you’re worried it might trigger an audit? This fear is common among small businesses. But there’s really no need...
Posted by Flynn Financial Group Inc on 06/22/2020
The IRS allows individuals, businesses, and properties to file an income tax return after the deadline by obtaining an extension. The correct presentation of an extension means that...
Posted by Larry Kenneth Hurt on 04/20/2020
Tax return mistakes are costly. It is best to avoid errors on your return to avoid owing more taxes, interests, and penalties and more importantly to avoid being audited by the Internal...
IRS lacks funds and employees and that is the reason why most of the tax returns are being ignored. However, according to a report from Kiplinger, if you have foreign assets, income...
Posted by Abundant Wealth Planning LLC on 04/03/2020
Breaking Down PayrollPayroll, in the most basic mean, is a company’s list of employees. However, it is also commonly used to refer to:The calculation and distribution of paychecks...
Posted by Daniel P Vigilante CPA and Profit Consultants on 04/03/2020
The Internal Revenue Service (IRS) expects that all income be reported on a tax return and, if not, can result in fines and sometimes penalties. However, most fines can be suspended...
Posted by Larry Kenneth Hurt on 02/25/2020
In 2015, Congress adopted a centralized audit regime for the partnership (the partnership audit rules) that assesses and collects federal taxes due to a partnership-wide audit entity....
Posted by Elliot Kravitz, ATP on 02/25/2020
The beginning of this year’s tax season will be this coming Monday, January 27, 2020, as said by the IRS (Internal Revenue Services). When can we get our tax refund? A question...
Posted by Flynn Financial Group Inc on 02/25/2020
Business insurance protects companies against losses due to events that may occur in the ordinary course of business. There are several types of business insurance, including legal...
Posted by LLOYD J CAZES CPA on 02/15/2020
