Tax Management

tax firm

8 Questions to Ask Before Hiring a Tax Firm

You may have done your homework, including the math, and found that it is wise to hire a CPA for SMBs. Selecting a Certified Public Accountant can be a grueling process if you don’t know what you should be looking for in a tax preparer. Finding the Ideal Certified Public Accountant Hiring a tax preparer […]
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5 Reasons Why Bookkeeping is Essential for Your Business

Recordkeeping and accounting play crucial roles in most businesses. Recording source documents for financial transactions and business operations is a must for analyzing the capacity and financial position of the company. Benefits of Excellent Bookkeeping and Recordkeeping Whether you have a Certified Public Accountant, a Bookkeeper on the payroll, or another avenue of bookkeeping and […]
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Filing Tax Extension

Is There Any Risk in Filing Tax Extension for Tax Audit?

What is a tax extension? A tax extension is a request made by taxpayers to extend the filing deadline for their federal income tax return. But it doesn’t allow you to give yourself extra time to pay taxes. Furthermore, you can ask the IRS to give 60–120 days, i.e., until October 15, to extend tax […]
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FDIC Insurance

What is FDIC Insurance & What are the Coverage Limits?

As your trusted advisors, we wanted to bring your attention to the potential risks associated with holding more than $250,000 in cash at a bank, even when held in multiple accounts. Recent events, such as the failures of Silicon Valley Bank and Signature Bank, have shown that this risk is very real. While in rare […]
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Tax Talk Tuesday - Charitable Donations

Tax Talk Tuesday – Charitable Donations

Charitable donations are a great way to give back to society and support causes that are important to you. However, when it comes to tax season, it’s important to understand the rules for deducting charitable donations. In this article, we’ll provide an overview of the rules on deducting charitable donations so that you can ensure […]
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