CERTIFIED PUBLIC ACCOUNTANT
Every year, millions of Americans amend their tax returns. In many cases, this is due to careless mistakes such as forgetting to include information, receiving new information, or simply making a math error. Although these mistakes are less common in clients who have accountants handle their taxes, it still happens.... Continue reading →
Even the most compliant accounting clients often leave out information about offshore investments and accounts. Reporting these assets can be complicated and at times does not have a huge impact on one’s return. After all, what the IRS doesn’t know cannot hurt them, right? However, the US government is finding... Continue reading →
Cryptocurrencies were one of the hottest financial markets in 2017 and appear to be gaining popularity this year. Many of your clients are likely dabbling in these markets without realizing the IRS regulations and tax implications. Understanding bitcoin taxes and other issues with cryptocurrency is essential to guiding people lawfully... Continue reading →
A lot of accounting is simply acquiring and organizing paperwork. Most forms have to be submitted with a return, making it necessary to get paper copies of almost everything. However, the Form 1099 does not have to be attached to customer returns, and replacing a duplicate can cause a variety... Continue reading →
A lot has been written about how the new tax laws will affect corporations and individuals. However, there is one group that will be particularly affected by these reforms: small businesses. Although these changes will be beneficial for many small business owners, they will come with many new considerations. The... Continue reading →
