Tax Debt Relief: The IRS Resolution Process
Somehow you found yourself behind on taxes and in debt to the IRS. It makes your stomach turn thinking about it. You need tax debt relief… and quick. You may be tempted to put it off until you have the mental and financial capacity to deal with it. That’s a dangerous path to walk. You […]
DIY Taxes: How to File Personal Taxes
DIY Taxes: How to File Personal Taxes It shouldn’t feel like walking through a minefield to DIY taxes. Especially to file personal taxes, those are generally the least complicated returns to file. But for most people, it does feel complicated and can get overwhelming. And that’s totally understandable, because the IRS operates like a massive, […]
Types of Taxes Every Business Owner Should Know
When you operate a traditional job, tax compliance is simple because you only deal with a single payroll deduction on your paystub. The moment you step out and build a business of your own, you enter a completely fragmented world of independent tax jurisdictions. The federal government, your state department of revenue, and your local […]
Is it Worth Getting a Second Opinion on Taxes?
Don’t fall for this trap… no need to get a second opinion on taxes if you got a refund. There are reasons you don’t need a second opinion, but that’s not one of them. A second opinion review is often a necessary baseline check against simple errors, shifting tax laws, and generalist approaches that might […]
10 Ways to Find and Vet the Best Accountant
It should be easy to find the best accountant for your taxes and business. Like with almost any purchase, you start with a Google search, compare ratings, read reviews, and maybe even check a list of must-have qualities. Then you go with the option that gives you the most confidence. In the case of an […]
Should You Hire an Accountant to Do Your Taxes?
The other day, a business owner confessed to a major hang-up. They knew they couldn’t handle their finances alone; they needed help. But they were terrified that hiring an accountant meant giving up control of their money. We all fear the unknown. It’s why kids are afraid of the dark. You might worry that a […]
Small Business Taxes for Beginners
Starting your own business is an incredible milestone…right up until the moment you realize you have to handle the taxes all by yourself. Don’t let the stress of filing and paying your small business taxes hold you back. This small business taxes for beginners blog will take you through the main taxes you need to […]
How to Find the Best Tax Lawyer
The IRS wants your money. When tax issues become legal issues, you need the best tax lawyer to defend you and your wealth. When the government deploys aggressive compliance traps, an accountant is your first line of defense. But when the dispute escalates toward a federal courtroom, you need a specialized tax attorney. Instead of […]
Financial Advisor vs Accountant: Who Should You Hire?
If you have ever asked yourself whether you need a financial advisor vs accountant, you are not alone. Many small business owners and families think a certified public accountant and a financial advisor are the exact same thing. While their knowledge might overlap, they actually handle completely different sides of your money. Think of it […]
Original Issue Discount (OID): Everything You Need to Know
Have you ever bought a bond for less than its face value? It feels like getting a great deal. You pay a discounted price now. Then, the company pays you the full amount later. In the world of corporate finance, this is known as an Original Issue Discount (OID). But before you celebrate that higher […]