Oct 26, 2023 | Accounting, Taxes
The IRS is NOT Always Right Think twice about automatically paying the amount due on a notice Here are several quotes from actual IRS correspondence that serves as evidence that our national tax collection agency is not always right: Thank you for your correspondence....
Aug 28, 2023 | Accounting, Finances
Budgeting Basics During inflationary periods, it is harder to balance your income with the rising cost of housing, food, fuel, health care and insurance. One of the biggest tools to fight raising costs is creating a budget and measuring it throughout the year. Here...
Jul 27, 2023 | Accounting, Taxes
Never Take on the IRS Alone! Sleuthing your way through a tax audit by yourself is not the same as fixing a leaky faucet or changing your oil. Here are reasons you should seek professional help as soon as you receive a letter from the IRS: IRS auditors do this for a...
Jul 20, 2023 | Accounting, Finances
Shield Your Emergency Fund From Inflation Most financial experts suggest keeping three to six months’ worth of household expenses in savings to help in case of emergency. But with record inflation, that task just got a lot harder to accomplish as virtually every...
Apr 12, 2023 | Accounting, Planning, Taxes
Tax Quiz – The Very First Form 1040 While Lincoln introduced the country to income tax to fund the Civil War, the modern 1040 individual income tax form was introduced in 1913. Here’s a short quiz to see how well you know what was included on this very...
Mar 17, 2023 | Accounting
Save Your Business Time and Money by Getting Organized Here are some suggestions to help you master the art of documenting and organizing your business now and in the future. Document policies and procedures. Write down daily responsibilities, skills needed to...
