What do you look for in a CPA? Knowledge of tax codes? Professionalism? Business advice? Personality? Wait, what? Did that last one throw you for a loop? It may seem odd to include personality on the list, but it is … read more
It appears that more and more notices are being sent out than ever from the IRS and state agencies. Most letters from these agencies don’t make anyone jump for joy when spotted while sifting through the week’s mail. Unless, of … read more
Being a single parent is a big enough challenge. Filing your taxes doesn’t have to be one of them. If you’re filing taxes for the first time or filing under a different status, there are a few simple steps to … read more
Every year the Internal Revenue Service sends millions of letters and notices to taxpayers, but that does not mean you need to worry. Below please find eight things every taxpayer should know about IRS notices – just in case you … read more
Each day as you retrieve your mail from the mail box, you sort through the pile of letters noting which items are important and which are not. There is one letter in particular however, that most people dread opening. That … read more
First, it is not a pleasant experience to receive an audit notice from the IRS. Not at all. Even just a letter from them can give you that sick, nauseous feeling in the pit of your stomach. But imagine how … read more
In the first part of this series, I discussed how to create a backup copy of Quickbooks. The second most common method of transferring a file to your accountant is through an accountant’s copy of the Quickbooks file. This method … read more
Quickbooks is the primary accounting software used by most small businesses, and is a wonderful tool for getting your information ready for tax preparation each year. Some small business owners find Quickbooks very easy to use, while others struggle with … read more
Before the age of computers the term “paper trail” made perfect sense. In order to find errors or even fraud one could follow the paper trail. Now, most small businesses use computers to keep accounting records. From excel to sophisticated … read more
Preparation of corporate minutes should be an annual ritual no different than the filing of the corporation’s annual income tax return. It is a requirement often spelled out in corporate bylaws and applies to corporations both big and small. Failure … read more
There is nothing more complex than the world of taxes. We know this and yet we chose careers where we face these issues everyday. We get questions day in and day out about new tax laws, forms and news items and how they affect everyday people and businesses. Well, here at Henry & Horne, LLP we have set out to do what we do best; help everyday people understand what is going on in the world of state, local, federal, estate and international taxation. We will provide these weekly posts and we encourage you to give us feedback on those posts as well as letting us know what else you would like to know more about. Welcome to "Tax Insights." We hope you find this blog informative and worthy of your time.
Before posting a comment on a blog post please be aware that we do not give free tax advice to non-clients by email, comment response, or phone. Thank you!
- Pushing for Tax Reform – Civil Tax Penalties
- Tax Implications of Marriage on Your Filing Status
- Where Did Your Tax Dollars Go?
- IRS Regulations Proposed for ABLE Act
- The Tax Benefits of Hiring Your Kids
- I Received a “B Notice” from the IRS – What Do I Do?
- I have a Net Operating Loss, Do I Need to Worry about AMT?
- Tax Deduction for Hosting a Foreign Student
- If You Move, Let the IRS Know
- Traveling for Work – Deductible Business Expenses