Tag: business taxes

How To Find The Best Tax Preparer

tax
Getting the right tax preparers takes work.

One thing to be aware in tax season is that not everyone is truly an expert when it comes to preparing your return. And it’s worth your time and effort to find the best possible people to handle your tax issues.

These tips can help you choose the right tax preparation expert for you.

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It’s relatively easy to get basic credentials to…

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Don’t Let Red Flags Bring IRS Attention

IRS
The IRS is back to work in time for tax season.

The IRS is getting back to work just in time for tax season. And it’s already a bit of a rough road. But don’t let difficulties lull you into setting off alarms with your tax returns.

With tax season under way, some taxpayers are complaining about long waits when they call the IRS with questions. According to Continue reading »

Tax Season Kicks Off With IRS Scrambling To Recover From Shutdown

tax season
The government shutdown has ended just as tax season begins.

The longest government shutdown in U.S. history ended just in time for the kickoff of tax season today. But that doesn’t mean everything’s back to normal.

Many prognosticators expect a bumpy tax season thanks to the shutdown, combined with implementation of revisions to the tax code passed at the end of 2017.

According to The New…

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Tax Season Is Around The Corner

Tax season
Tax season is almost here.

Tax season will kick off toward the end of January regardless of the government shutdown, the IRS says.

The agency announced that tax season will begin Jan. 29.

“We are committed to ensuring that taxpayers receive their refunds notwithstanding the government shutdown. I appreciate the hard work of the employees and their commitment to the taxpayers during this period,” said IRS…

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Understaffed IRS Eyes Social Media To Catch Tax Cheats

IRS
Cuts at the IRS could delay tax returns. By Joshua Doubek (Own work) [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons
The IRS, following years of budget cuts that have eroded its ability to police wealthy tax cheats, is turning to the Internet for help

The agency recently acknowledged it will monitor social media to go after tax dodgers. According to Quartz:

“Businesses and individuals increasingly use…

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Wilton Manors Accountants Have Your Needs Covered

Wilton Manors accountants
The Wilton Manors accountants of Sterling Accounting can help with multiple issues.

Whether you’re looking for top notch tax preparation or business bookkeeping, the Wilton Manors accountants of Sterling Accounting can help.

As the Wilton Manors accountants point out on Sterling’s website: “We serve every client with a depth of resources and the highest level of expertise offering personal attention and access that…

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IRS Expected To Allow Continued Meal Tax Deductions

deductions
Deductions for business meals may continue.

A pending IRS ruling may ease concerns about deductions for business meals.

According to the Wall Street Journal, the IRS is expected to release guidance that deductions for 50 percent of the cost of taking clients out for business meals. There had been concern about the deductions going away as a result of the massive tax overhaul passed…

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IRS Issues Pass-Through Tax Deduction Guidelines

tax
There’s plenty of complexity in the new tax law.

An aspect of tax reform that could provide significant savings for owners of pass-through businesses will also require plenty of work to claim.

One part of the tax bill passed at the end of last was allowing a 20 percent deduction on income from pass-through businesses. But it’s not as simple as it may seem. The IRS recently issued…

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Senators Introduce IRS Reform Bill

IRS
Congress is considering reforms to the IRS.

Two Senators have introduced a bill they say will reform some parts of the IRS and help low-income taxpayers.

Sens. Rob Portman, R-Ohio, and Ben Cardin, D-Md., last week introduced the Protecting Taxpayers Act.  The bipartisan legislation focuses on improving the organizational structure of the IRS and making it easier for small businesses and retirement plan administrators to comply…

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Have You Just Missed This Tax Deadline? Contact Wilton Manors Accountants

Wilton Manors accountants
Contact Wilton Manors accountants to handle taxes on deadline.

Most Americans have taken care of their tax filing obligations for the year. But if you’re your own boss, you may not be like most Americans. Getting in touch with qualified tax preparers such as the Wilton Manors accountants of Sterling Accounting may be in your best interest.

As CNBC points out, if you have income from a…

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