1-800-548-4639How to Prepare for the 2024 Tax Season
As tax season 2024 approaches, it’s essential to get a head start on the recent tax updates from the IRS to ensure you meet all the correct requirements and, most importantly, minimize your tax bill as much as possible. Since our last tax season, there have been many updates, from adjusted tax brackets and 1099-K […]
Read moreEverything to Know About Tax Write-Offs
Tax write-offs are a method of reducing your taxable income or increasing the expenses you can subtract from your taxable income. Both individuals and businesses can claim tax write-offs on various expenses. For example, as a small business owner, you need to report your income through a system of revenue and losses or write-offs — […]
Read moreHow Do I Pay Self-Employment Taxes?
When you are self-employed, you have to play a more active role in paying your taxes since they aren’t withheld automatically. You must ensure you pay the correct taxes in the right amount at the appropriate time. Paying taxes is your responsibility as an employer as part of running your business. Do your research to […]
Read moreI Underpaid on My Taxes: What Do I Do?
Whether you’re self-employed, a freelancer or a salaried employee, you must pay taxes on your income. When you can’t or don’t pay your taxes, you risk receiving a tax underpayment penalty from the IRS. So, what is an underpayment penalty, and what are your options when you receive one? This guide explores everything you need […]
Read more5 Reasons You May Need Professional Income Tax Services
Handling tax problems can be frustrating. That’s why it’s vital to get professional assistance. Tax preparers have experience to help file your taxes and implement strategies to lower your tax liability. Additionally, they can help you negotiate and find practical solutions for your back taxes, which, if improperly handled, can accumulate penalties and interests. However, […]
Read moreTax Prep Checklist: Everything You Need and Need to Know
Like many others, you might dread tax season. Completing your taxes can be complex and take hours out of your day, especially when you don’t know where or how to begin. Fortunately, like any larger-than-life task, the more you prepare, the easier it’ll be to overcome. Looking for a checklist for taxes to make the […]
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