Time to Start Your Tax Planning
Time to Start Your Tax Planning Published: 5/15/2025 Lowering your tax bill next year works best as a planned event. So if you are interested in breathing a sigh of relief come next April, consider a review of these four areas as you create and implement your tax plan for 2025. #1 – Your Home […]
Tax Bill Payment Options Expand Digitally
Tax Bill Payment Options Expand Digitally Published: 5/13/2025 As the payment alternatives continue to evolve in the economy, so too are the payment options available to you to pay your tax bill. Here is what’s available to you this tax filing season along with each option’s related costs. Various payment methods to pay taxes 1. […]
It’s Tax Time! Don’t Forget 1st Quarter Estimated Payments.
It’s Tax Time! Don’t Forget 1st Quarter Estimated Payments. Published: 5/9/2025 Both your individual tax return AND first quarter estimated tax payment are due. Here is what you need to know. First quarter due date: Tuesday, April 15, 2025 The estimated tax payment rule You are required to withhold or prepay throughout the 2025 tax […]
An Earnings Report Review is For Everyone!
An Earnings Report Review is For Everyone! Published: 5/5/2025 Most of us go through life without being concerned with, or ever checking on, our Social Security records. We assume the money deducted each payday and an equal amount paid in by our employer is applied properly to this valuable retirement benefit. Ignoring is problematic The […]
A Guide to Tax Record Retention
A Guide to Tax Record Retention Published: 5/2/2025 Before you close this year’s tax file there is still some work to do. If the IRS or state revenue department selects your return for review, you will need to be prepared. Here is what you need to do now: Keep a copy of your Form 1040 […]
Customer Retention Metrics You Need to Know
Customer Retention Metrics You Need to Know Published: 4/30/2025 Your business’s ability to retain customers is one of the most important components to sustained growth and profitability. Here are the three retention metrics useful for every business owner. Retention rate. Most customer retention is measured over a set period of time, typically one year. To […]
Small Business Beneficial Ownership Reporting Update
Small Business Beneficial Ownership Reporting Update Published: 4/23/2025 The requirement to report beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN) is now not to be actively enforced or fined per recent announcements from the US Treasury and FinCEN. Background The Corporate Transparency Act requires most small businesses to file a report on FinCEN.gov to report […]
Understanding the Tax Gap
Understanding the Tax Gap Published: 4/18/2025 While more and more legislation is introduced that penalizes all of us for doing things wrong on our tax returns, please remember that at its origin, tax collection in the U.S. is voluntary. In other words, the tax code is defined, we are given due dates, and the government […]
It’s Tax Day!
It’s Tax Day! Here are some last-minute details and tips Published: 4/15/2025 With the individual tax-filing deadline on Tuesday, April 15th, if you have not already done so, now is the time to complete all filing arrangements and payments. While this information is provided in our filing instructions, it makes sense to provide this information […]
Common Overlooked Taxable Events
Common Overlooked Taxable Events Published: 4/8/2025 Here are seven tax topics that seem innocent but can cause problems if not handled correctly. 1. Gambling winnings. If you receive a tax form at a casino for your winnings, that information is sent to the tax authorities. Since the form typically only contains the amount you won, save […]
