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During our lifetime, you always want to give the best things to your beloved ones. And while sending valuable gifts to your spouse,...

Has the coronavirus led you to start a business or become your own boss this year? If you are a small-business owner and use part of your...

In 2021, the IRS has introduced the new Form 1099-NEC to reporting independent contractor income.

Both EAs and CPAs are granted unlimited representation rights to represent taxpayers before the IRS.

“Audit-proofing” your return means documenting deductions so that you can prove them if you’re audited. Today’s historically low audit...

Tax deadline to file and pay federal income taxes deadline is now behind us. However, some taxpayers still facing certain problems after...

The tax season is here again! This year, the IRS announced 4 recent changes in tax laws that can save you a lot. 1. Individual Income Tax...

At the end of every month, it is time for you to reconcile your trust bank account. This lets you confirm that your transaction records...

Every tax season, it is moment of truth about whether the company book is ready to go. But how do we know that company's book is ready?

The goal of tax planning is to arrange your financial affairs in order to minimize your taxes. In this blog, we'll explore three...

Business expenses are the cost of conducting a trade or business. These expenses are usually deductible if the business operates to gain...

If you want to pay the least amount of income tax each year, then it may be helpful to start doing some tax planning. Don’t worry - you...