5 Indicators You Need a Consultant for Succession Planning

Posted on: 16 June 2021

Do you need to do succession planning for your small, closely-held business? Many owners struggle to master all the elements involved in planning what will happen to their business when they can't or no longer want to run it. One person that can help your small business is an outside consultant. Should you hire a business consultant to aid with succession planning? Here are a few indicators it's a good idea.
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Is This Business Expense Deductible? 3 Tests To Find Out

Posted on: 16 November 2020

The ability to deduct business expenses is one of the biggest means of reducing your business's tax bill. But not everything you or your company pays for is deductible. Each expense must pass a few key tests before they are legitimate tax deductions. What are some of these tests? Here are three of the most common and most important.  1. The Expense Must Not Be Disallowed First, some categories of business expenditures are explicitly stated as not being allowed by the IRS rules.
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Need Immediate Tax Advice For Past Returns You Did On Your Own For Your Business? What To Do Now

Posted on: 28 October 2019

Working on your own and from home and running a business requires a lot of financial management, and if you think you are in tax trouble, you want to talk with a tax professional. If you worry that you filed your taxes improperly the last time you filed, and that may be in trouble, you want to get on top of the problem right away. If the IRS has flagged your taxes already and you are being audited, this is another reason to get help fast.
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IRS Troubles: 3 Things You Probably Didn't Know You Could Do

Posted on: 6 June 2019

A letter from the IRS can strike fear in the hearts of many Americans. Before you panic about levies, fines, and frozen assets, call a tax professional. You may be surprised at how easy it is to come to a satisfactory resolution with the IRS. In fact, there are probably solutions to your tax problems that you have never even heard of.  Innocent Spouse Tax Relief The innocent spouse tax relief program is just what it sounds like — help for a spouse who had no idea what was erroneously reported or omitted from a tax return.
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