AVOID TAX PENALTIES – FILE ON TIME

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FILING ON TIME SAVES PENALTY FEES There are two reliable tactics to avoiding tax penalties: having a stable year-round accounting system and being on time.   Build a simple but structured  calendar for both your business and personal tax returns that can help you keep up with your … [Read more...]

IRS AUDIT

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IRS AUDIT SEASON – ARE YOU PREPARED? There are many different types of seasons. For accountants, after tax season comes IRS Audit season. Auditors will review every type of taxpayer from Individual to Business. Historically, the IRS has selected a higher percentage of sole proprietor – schedule C … [Read more...]

New IRS Rules for Rental Property Owners – Avoid the 3.8 Percent Obamacare Tax

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           Rental Property Owners can Avoid the 3.8 Percent Obamacare Tax An achievement of the Obama administration has been the 2010 Affordable Care Act, a.k.a. Obamacare. Part of the law is a 3.8%    investment income surtax that will be applied to “high-income” earners beginning in 2013. … [Read more...]