So for anyone outside the industry, trying to understand it all can be a constant struggle. That’s why we invite you to check this page often for new tips – written in easy-to-understand language – designed to reduce your tax burden.
If you’re worried about the IRS taking a look at your tax return, you’re not alone. It’s natural to feel uneasy about an audit, but the chances are slim.
Here are 23 important questions to ask any CPA before you hire them. If you don’t get the answers you’re looking for give us a call.
You may think “accountant” and “CPA” have the same meaning, but there are important differences. In this article we detail those differences.
Are you hiring a CPA? Review these 8 critical factors to consider before signing any contracts. It could save you a lot of time, money and headaches.
Before you start your business, review these 5 important decisions. They’re essential to ensure you start and stay on the right path.
Get a basic understanding of how the tax law can help your business recover from losses incurred as the result of employee fraud or embezzlement.
A few years ago hardly anyone had heard of limited liability companies. Now the press have nothing but good things to say about them. Is the hype justified?
Before you start a business, there are a number of preliminary decisions to make. One of the first choices you will face is the legal form of the business.
Here’s a checklist highlighting advantages and disadvantages of the S corporation form. Keep in mind that Congress may pass reform that could change things.
The rising popularity of S corporations combined with intense pressure by Congress to close the “tax gap” has created the perfect storm for more IRS audits.
Many taxpayers, entrepreneurs and small business people may be able to take a home office deduction when filing their federal tax return next year.
As the owner of rental real property, it’s important that you are aware of everything counting as income so that you do not face underpayment tax penalties.
Many taxpayers plan trips combining business and pleasure. Business trips in exotic locations yield personal pleasure and generate legitimate deductions.
Selecting the right tax and accounting firm is an important decision. When you hire Koeller Thompson CPAs, PLLC, benefit from 12+ years experience, plus…
