IRS Audit Rates


  • August 19, 2022
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The IRS reported audit rates continue to be low...very low. But that is now changing with thousands of auditors being hired for a post-pandemic scale-up of their reviews.

Tips on IRS Audits


  • August 18, 2022
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The best way to deal with an IRS audit of your small business is to know what to do and not to do

The Power of Comparative Financial Statements


  • August 10, 2022
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Your business has a story to tell. And one of the ways to hear your business’s story is by reviewing performance through comparative financial statements.

Hobby verus business?


  • August 9, 2022
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You Can't Deduct that Loss? How to ensure your business is not deemed a hobby!

Pulling Retirement Funds Early? Consider This First


  • August 4, 2022
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Taking an early withdrawal from your retirement account is a tempting idea. Perhaps you need a new car or have medical bills to pay. Or maybe you’re facing an immediate financial hardship like a job layoff or major home repair. Regardless of your reasons, understanding the

Great Summertime Tax Saving Tips


  • August 4, 2022
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Summer is usually the time for relaxing, but it can also be a time for tax savings. Here are several timely tips:

5 Great Things to Know about IRAs


  • August 2, 2022
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IRA's can be a powerful tool to lower taxes all while saving for retirement or other predetermined uses. Here are five fairly unreported things to know about IRA's.

Tips to improve your credit score


  • July 28, 2022
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Credit scores are used to determine interest rates on mortgages, car loans and even the amount you pay for insurance premiums. Because of this, it is a good idea to review ways to improve yours. Here are some ideas:

Turning Your Hobby Into a Business


  • July 25, 2022
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You’ve loved dogs all your life so you decide to start a dog breeding and training business. Turning your hobby into a business can provide tax benefits if you do it right. But it can create a big tax headache if you do it wrong.

Midyear Tax Planning Ideas for Your Business


  • July 19, 2022
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As a small business owner, there is plenty you can do in the summer months to reduce your 2022 tax liability. Here are several moves to consider now.