How To Get Your Accounting Practices In Order

Accounting is one huge department that is full of transactions and ever-changing cash flows. Managing such vast area of business is obviously not an easy task for anyone. A well-versed in-house accounting team or an outsourced accounting firm is the absolute need to get the financial statement aligned and accurate. The minute you associate with […]

Why Accurate Business Records Is Essential For Your Business

Maintaining accurate business records can seem like a burden if you are trying to grow your business but when it comes to strategizing long term growth, bookkeeping is vital and may turn out to be a winning or losing factor for your business. Period. Bookkeeping is the practice of maintaining various accounting and financial documents […]

Tax Planning

Tax Planning Tips

Tax planning is taking the time to develop strategies to either reduce taxable income, take advantage of tax deferred, utilize lower tax brackets, capture all available credits, and minimizing additional taxes such as self-employment and alternative minimum tax. This is done through reading and understanding how to use the beneficial laws that are written into […]

How to Respond to IRS Correspondence

  Receiving a notice from the Internal Revenue Service is never pleasant and often brings with it stress and anxiety. Most taxpayers have difficulty understanding IRS correspondence, which tax year or years and what tax forms it relates to, or whether it is even addressed to them or a Company they own. The key to […]