The IRS has recently announced that it will be increasing its efforts and taking a more direct approach to handling taxpayers who haven’t filed tax returns. Their primary focus will be on high-income taxpayers who did not file a tax return in 2018 or previous...
Many powersports, marine, and RV dealerships across the country rely on CDK LightspeedEvo for their bookkeeping and inventory management needs. This software is specifically designed for these industries and provides niche features that make these tasks simpler for these businesses. But even with the best...
Sometimes, you file your taxes and owe almost exactly what you were expecting to owe. Other times, you’re pleasantly surprised by a refund that was larger than you thought it would be. But occasionally, you may be hit with an unexpectedly large tax bill that...
Tax season is quickly approaching. In a few weeks, you’ll likely begin receiving your tax forms from your employer, your bank, and other sources. But how should you organize those documents when you receive them? And what other paperwork will you need to file your...
The financial aspects of your business are often better left to a professional. By entrusting tasks like your bookkeeping and tax preparation to a professional business accountant, you give yourself more time to focus on the daily operations of your business and ensure that the...
The holiday season has officially arrived. And, while you may be focused on Christmas shopping, family gatherings, and holiday parties, it’s also a good idea to take some time to examine your taxes. Far too many people wait until the New Year to worry about...
Business ownership comes with many ups and downs, and sometimes, those downs may include a net loss for your company. If this is the first time your company has experienced a net loss, you may not be sure how this impacts your business’s taxes. Keep...
Every year, hundreds of taxpayers fall victim to tax fraud. Scammers file false returns using your name and Social Security number, and collect refunds from the federal and state governments. The IRS has taken additional steps every year, trying to educate taxpayers and help them...
Starting your own business is an exciting venture, but there’s much more to it than the upfront sales and the products or services you provide. So much goes into establishing and building a business, and there are a lot of little details you have to...
The amount you withhold from your paychecks can directly impact how much you owe in taxes when tax season rolls around. The goal, of course, is to withhold the perfect amount so that you neither owe taxes nor need to collect a refund. But since...
