In the fast-paced and competitive world of business, making the right decisions is paramount to the success and growth of your company. While instinct and intuition play a significant role, data-driven insights are equally crucial in guiding you toward well-informed choices. This is where an...
Minimizing expenses is essential for any company, but especially for small businesses that are oftenoperating on a shoestring budget. And yet, many business owners accept taxes as an inevitability, andmake few efforts to minimize these annual expenses. While taxes certainly can’t be avoided, there isactually...
The New Year means a new tax season. Have you started gathering those tax documents yet? Read here to learn when you should start collecting them....
We're moving! Beginning June 6, be sure to visit us at our new office in Provo. You can contact us using the same phone numbers if you have any questions....
Are you responsible for filing a deceased loved one’s last tax return? Read this article from The Accounting Guys to learn a few things you should be aware of. ...
Most people know what forms to expect from the IRS each year, but this tax season, you’ll probably be getting a brand-new tax form in the mail. It’s called Letter 6419, and it’s important that you hang onto it, along with all your other tax...
Many people take a passive approach to taxes: You fill out your return, pay what you owe (or collect your refund), then do the exact same thing again next year. However, this reactive strategy can result in you paying thousands more in taxes over the...
Recently, the IRS has begun hiring thousands of new tax auditors in preparation for a serious increase in tax enforcement. The push began back in June, with President Biden’s $579 billion infrastructure plan gaining headway in the Senate. Though the increased IRS enforcement was dropped...
The Tax Cuts and Jobs Act introduced a few years ago began a steady decrease in the deductible amount for renewable energy and other home efficiency upgrades. Now, most of those deductions and credits will be going away at the end of this year, if...
The second round of COVID relief funding was approved just before the New Year, and most individuals have already received their second stimulus checks. But if you’re a business owner, getting your second round of funding isn’t quite as easy. You must go through the...
