Navigating Changes to Tax Laws in 2023 Every year brings about some changes to tax laws. Some of these changes are minor, or only impact a small percentage of taxpayers, while other tax law changes are more sweeping and have a broader reach. In 2023, there...
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....
The business tax extension deadline is September 15th. What happens if you don’t file before then? Read this blog from The Accounting Guys to find out....
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....
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...
With the standard deduction increase provided by the Tax Cuts and Jobs Act of 2017, many Americans are now opting to take the standard deduction instead of itemizing. However, if you’re one of the millions who still itemizes deductions, it’s important that you include every...
As part of the American Rescue Plan, the Child Tax Credit has been increased for 2021 and the IRS will be sending out monthly payments to qualifying families. These payments are set to begin next month, with the first one scheduled to hit taxpayers’ accounts...
Last year was a difficult one for many businesses. Even with assistance from the Paycheck Protection Program, a lot of small businesses experienced significant financial losses in 2020. But what you might not know is that the CARES Act enacted last year offers more than...
