I want to clear up some confusion and misconceptions that go along with filing a tax extension. This information applies to individuals, sole proprietors, single member LLCs, and side hustle business owners.

The reality is, when someone hears that their tax professional insists on filing an...

So, I’m an Accountant; a number cruncher, tax man, bean counter. Take your pick. The proverbial guy who looks at his own shoes when he’s talking to someone. Seriously, there are old accountants who do just this.

As a profession, accounting can be both rewarding and challenging, and...

Today I wanted to talk about Solar energy tax credits. The problem is - solar energy tax credit sales people and promoters don’t always give correct information regarding the tax credits available for buying solar panels for your home.

This may or may not surprise you. Yes, there are...

A question that comes up quite frequently is, what should you do if you can’t pay your taxes or if you can’t pay your taxes on time? It’s a great question, it’s actually a common question, and whatever you do, don’t panic.

In this article, I’ll share some...

Tax laws are complicated, but the most common tax return errors are surprisingly - simple things that I want to help you avoid.

In this blog post, I’ll cover the top 10 common tax filing mistakes according to the IRS. That can cost YOU, the taxpayer, valuable time and precious money.

If you have a small business side hustle, you likely have questions on how to file taxes for your small business side hustle. Filing taxes as a side hustle small business owner can be complex, but it is an important responsibility to ensure compliance with tax laws and to benefit from any...

Companies like Ebay, Paypal, Venmo, CashApp, and many others are still sending IRS form 1099-K for transactions over $600 even though the IRS issued guidance in December that the new IRS 1099-K rules were postponed for one year.

I’m hearing many reports that these companies and payment...

The Balance Sheet is arguably the most important financial statement that you need to know about. It’s my personal favorite, if there is such a thing.

While your bookkeeper or accountant is trained to read the financial statements, many small business owners are not, and that’s why...

Today, I wanted to talk about the outlook of the accounting profession. According to the Wall Street Journal, 300,000 U.S. accountants and auditors have left their jobs in the past two years, that’s a 17% decline.

Are the accounting & tax professions dying like some say? Is it...