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Beware of Tax Scams: Insights from the IRS's 2025 “Dirty Dozen”
Each year, the Internal Revenue Service (IRS) releases its "Dirty Dozen" list - a compilation of the most prevalent tax scams.
Mar 284 min read

Tax Strategies for Startups: Maximizing Cash Flow in Your First Year
Starting a new business is both exciting and challenging. In the early stages, managing cash flow is critical to survival.
Mar 114 min read

IRA Contribution Limits for 2024 and 2025
You have until the federal tax filing deadline to make contributions for the previous tax year.
Feb 264 min read

Understanding the W9 Collection Process
Collecting W9 forms from vendors is critical to maintaining compliance and ensuring smooth tax reporting.
Jan 243 min read

Top Financial Mistakes Entrepreneurs Make (and How to Avoid Them)
Launching a startup is an exhilarating journey, filled with challenges and opportunities. However, many entrepreneurs often stumble when...
Jan 214 min read

Tax Breaks for Small Businesses in 2024: What’s New and What You Can Claim!
As a small business owner, staying on top of tax law changes can feel like a full-time job. But don’t worry, 2024 is bringing some...
Jan 165 min read

Year-End Tax Planning Tips for Small Businesses: Close the Year Strong and Minimize Taxes
Whether you’re celebrating a stellar year or tightening the belt after a few tough months, year-end tax strategies can help you minimize you
Jan 25 min read

Why It’s a Smart Move for Small Businesses to Hire an Accounting Firm for All Accounting Tasks and Profit Planning Strategies
Running a small business can feel like being the captain of a ship. You're navigating your business through choppy waters, managing...
Oct 29, 20245 min read

Should I Be Afraid of Automated Collection Notices?
Automated collection notices are essentially reminder letters sent by creditors to inform you of overdue payments.
Aug 23, 20243 min read

Why Should I Grant Power of Attorney to My Accounting Firm?
Granting power of attorney to your accounting firm might sound intimidating, but it’s a strategic move that can save you time, reduce stress
Aug 13, 20243 min read

What Do I Do If I Missed the Q2 Estimated Tax Payment Deadline?
Missing a payment deadline is a common hiccup for many, especially busy professionals.
Aug 7, 20243 min read

IRS Private Debt Collection: How Collection Agencies Are Involved
The IRS employs private collection agencies (PCAs) to manage certain overdue tax debts.
Jul 1, 20242 min read

IRS Steps Up: A Closer Look at the Non-Filer Compliance Initiative
This summer, the IRS will be escalating its efforts to address the mounting issue of non-filers, individuals who fail to submit their annual
May 23, 20245 min read

Understanding the Corporate Transparency Act and Beneficial Ownership Information (BOI)
Mandatory reporting for millions of small businesses. As of January 1, 2024, the CTA mandates millions of small businesses to file a Benefic
Apr 9, 20244 min read

Protect Yourself from AI Voice-Cloning Scams
Advancements in artificial intelligence have made it possible to replicate human voices with remarkable accuracy.
Apr 9, 20244 min read

The Impact of Tax Code on Small Businesses: Understanding the Basics
The federal tax code is incredibly complex—so complex that it covers almost 7,000 pages. Added to the U.S. tax regulations, which are the...
Mar 22, 20243 min read

The Essential Role of Accounting in Tax Preparation
Accounting plays a crucial role in the daily routine of financial tasks and efficient tax planning and preparation. Failure to comprehend...
Mar 20, 20242 min read

Is your business a Wealth Engine?
What is a wealth engine anyway? This might be easier to explain if we talk about what isn’t a Wealth Engine. Debt isn’t Wealth. If your...
Oct 6, 20232 min read

Can you be excited about taxes?
TAX EXCITEMENT??? Really? Yes, really! I believe that every great business owner deserves to positively look forward to finding out how...
Sep 20, 20234 min read

Why Focus on Bank Balance?
Great business owners need to have a clear focus on their Bank Balance. When I talk about a clear focus on Bank Balance, it is more than...
Jul 5, 20236 min read
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