accountant
3 Steps for Filing Taxes for Single Parents or First-time Filers
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
The Dreaded IRS Letter
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
Jury Duty – Crime & Taxes
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
IRS Agent Charged with Accepting a Bribe
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
Quickbooks Tips, Part 2: Creating an Accountant's Copy
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 Tips, Part 1: Creating a Backup Copy & Entering a Closing Date
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
Creating a Paper Trail in Quickbooks
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
Importance of Corporate Annual Minutes
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
How to Choose a Tax Preparer and Avoid Fraud
Every year individuals are faced with the decision to either prepare their own taxes or hire a professional to assist them. When they choose to hire a preparer there are several factors to consider in the process. First and foremost … read more
What Type of Entity Should I Make My New Business?
One of the most important decisions to make when starting or expanding a business is what type of entity to create. The choice can be long-lasting and difficult to change, so the entity type should fit the anticipated needs of … read more