Congratulations on starting down the path of being your own boss! I can assist you with setting up and maintaining your accounting records in QuickBooks. The backbone of all successful businesses is accurate and timely financial information. This will also allow...
I hear variations of this question frequently. If you have copies of your last 2 years tax returns, I can review them for any items that will impact your current year tax returns. Alternately, we can request transcripts or copies from the IRS. There is no reason to be...
Maybe. There are multiple factors such as income, filing status, dependents and age to determine your filing requirements. Even if you don’t need to file a tax return, there are times when you should. You may qualify for a tax refund even if you don’t have to file....
This is a scam. The IRS never contacts individuals via phone, email, text or social media. Usually, the first IRS contact will be through the U.S. Postal Service. You should report any helpful information to phishing@irs.gov. Per former IRS Acting Commissioner Danny...
There are an array of business entities to choose from such as LLCs, C Corps, Partnerships, and S Corps. There is no easy and clear cut choice that fits every business. Each type has its own positives and negatives. It depends on the type of business and your future...
You are required to issue a Form 1099 to each person that earned over $600 in a given year. These should be mailed by Jan. 31. However, there are exceptions to who should be issued a 1099. You also must send a special version to the IRS by Jan. 31. Here’s a tip: When...
