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...
When you move to a new home, it seems as if there are countless entities that you need to inform of your new address. Amid that long list, it can be easy to forget about updating the IRS regarding your relocation. Even if the thought...
When it comes to your 2018 taxes, most things can’t be changed. Most numbers pertaining to your tax return are already set in stone, and the majority of things you can do to reduce your tax liability expired when the ball dropped on New Year’s...
The IRS officially started accepting electronically filed tax returns on January 28th. If you still haven’t filed your tax return, then now is the time to do it. While you technically have almost two full months to file your return without worrying about a late...
As Utah taxpayers begin to prepare their 2018 tax returns, many are finding themselves shocked by a sudden increase in their tax liability. The Tax Cuts and Jobs Act, passed at the end of 2017, went into effect during the last tax year; the sweeping...
