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Business formation April 2, 2024

Tax Preparation Checklist For Small Businesses

Tax season can be quite a stressful time for small businesses. You must gather all your documents and accurately fill out your forms while closely monitoring your operations. It’s a meticulous process that demands your full attention. Fortunately, you can make the tax filing process easier by creating a tax preparation checklist. In this blog, […]

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Experts March 29, 2024

Financial Readiness Checklist!

Financial Readiness is making sure your “house” is in order.  Preparing for the best and preparing for the worst.   Investing in real estate or owning a business isn’t complicated, it just needs to be done right.  Here’s the Checklist:       Revocable Living Trust & Will:  We’re all going to die someday, and when the good lord takes […]

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Experts

How To Hire the Right CPA

About this time of the year, you’re getting your w-2’s and 1099’s in the mail.  I’ve got some pointers for you to choose the right CPA.   If you’re a w-2 employee, own your own home, have children, go ahead use H&R Block or TurboTax. However, if you have rental properties and/or business activity, hire a […]

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Business Funding Tips March 28, 2024

Understanding Tax Debt: How It Works and What You Can Do to Resolve It

Tax debt can be a significant burden for individuals and businesses alike. Whether due to unforeseen circumstances, financial mismanagement, or simple oversight, owing money to the IRS can result in stress, financial strain, and even legal consequences if left unresolved. Fortunately, there are avenues available for obtaining tax debt relief.  What Is Tax Debt Relief? […]

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Taxes March 23, 2024

 If I Amend My Taxes, Will I Be Audited? A Guide to Tax Audit Triggers

Accurate tax returns are vital in maintaining good standing with the IRS. But there’s no need to panic if you’ve made an error on your deductions or income. You can amend your returns using Form 1040X. One question that typically comes to mind when submitting amended tax returns is: will I be audited if I […]

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