Tax Deadlines for Spring 2023 March 15 –  Deadline to file partnership and S-Corporation tax returns.   April 18 – Deadline to file individual, trust, gift and calendar-year C-Corporation returns. – Deadline for making 2022…

The S Corporation election deadline for existing calendar year end LLCs, Partnerships, and C Corporations is March 15th. If you’re considering changing your company’s tax treatment from its default status to S Corporation status, now…

A must-read if using digital payment tools or reselling tickets. A recent tax law change, which was actually postponed a full year, now requires transaction reporting to the IRS for anyone receiving more than $600…

Prior to e-filing your tax return, you will need to review it. By proactively reviewing your tax return, you can reduce your risk of being audited by minimizing typos and mismatched mistakes. Taking the time…

  Stop the Clock: Your most important defense against an audit In a tax court decision, a judge ruled that a joint tax return not signed by both spouses is not a validly filed tax…

What is depreciation? Depreciation is the name of the expense that we recognize when we write off the cost of an asset over some period of time. Now, typically, if an asset is meant to…

Buying a franchise may seem like an easy way to get into business, but there are many things to consider before you make a commitment. Here are some thoughts. Background on Franchise Agreements A franchise…

Every industry and profession has common terms that are used so often those of us in the business often forget that most people do not have the depth of understanding that a person working within…