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Jan 243 min read
Understanding the W9 Collection Process
Collecting W9 forms from vendors is critical to maintaining compliance and ensuring smooth tax reporting.

Jan 214 min read
Top Financial Mistakes Entrepreneurs Make (and How to Avoid Them)
Launching a startup is an exhilarating journey, filled with challenges and opportunities. However, many entrepreneurs often stumble when...

Jan 165 min read
Tax Breaks for Small Businesses in 2024: What’s New and What You Can Claim!
As a small business owner, staying on top of tax law changes can feel like a full-time job. But don’t worry, 2024 is bringing some...

Jan 25 min read
Year-End Tax Planning Tips for Small Businesses: Close the Year Strong and Minimize Taxes
Whether you’re celebrating a stellar year or tightening the belt after a few tough months, year-end tax strategies can help you minimize you

Oct 29, 20245 min read
Why It’s a Smart Move for Small Businesses to Hire an Accounting Firm for All Accounting Tasks and Profit Planning Strategies
Running a small business can feel like being the captain of a ship. You're navigating your business through choppy waters, managing...

Aug 23, 20243 min read
Should I Be Afraid of Automated Collection Notices?
Automated collection notices are essentially reminder letters sent by creditors to inform you of overdue payments.

Aug 13, 20243 min read
Why Should I Grant Power of Attorney to My Accounting Firm?
Granting power of attorney to your accounting firm might sound intimidating, but it’s a strategic move that can save you time, reduce stress

Aug 7, 20243 min read
What Do I Do If I Missed the Q2 Estimated Tax Payment Deadline?
Missing a payment deadline is a common hiccup for many, especially busy professionals.

Jul 1, 20242 min read
IRS Private Debt Collection: How Collection Agencies Are Involved
The IRS employs private collection agencies (PCAs) to manage certain overdue tax debts.

May 23, 20245 min read
IRS Steps Up: A Closer Look at the Non-Filer Compliance Initiative
This summer, the IRS will be escalating its efforts to address the mounting issue of non-filers, individuals who fail to submit their annual

Apr 9, 20244 min read
Understanding the Corporate Transparency Act and Beneficial Ownership Information (BOI)
Mandatory reporting for millions of small businesses. As of January 1, 2024, the CTA mandates millions of small businesses to file a Benefic

Apr 9, 20244 min read
Protect Yourself from AI Voice-Cloning Scams
Advancements in artificial intelligence have made it possible to replicate human voices with remarkable accuracy.

Mar 22, 20243 min read
The Impact of Tax Code on Small Businesses: Understanding the Basics
The federal tax code is incredibly complex—so complex that it covers almost 7,000 pages. Added to the U.S. tax regulations, which are the...

Mar 20, 20242 min read
The Essential Role of Accounting in Tax Preparation
Accounting plays a crucial role in the daily routine of financial tasks and efficient tax planning and preparation. Failure to comprehend...

Oct 6, 20232 min read
Is your business a Wealth Engine?
What is a wealth engine anyway? This might be easier to explain if we talk about what isn’t a Wealth Engine. Debt isn’t Wealth. If your...

Sep 20, 20234 min read
Can you be excited about taxes?
TAX EXCITEMENT??? Really? Yes, really! I believe that every great business owner deserves to positively look forward to finding out how...

Jul 5, 20236 min read
Why Focus on Bank Balance?
Great business owners need to have a clear focus on their Bank Balance. When I talk about a clear focus on Bank Balance, it is more than...

Jun 22, 20234 min read
What Do Great Business Owners Deserve? A Powerful Financial Firewall.
So many attorneys open their doors because they have experience in a big firm and are ready to venture out on their own and so they hang...

May 25, 20237 min read
Tax Planning for a Summer Trip
Summer is a time when many lawyers decide to take a well-deserved break from their busy schedules. But what if I told you that you could...

Apr 27, 20234 min read
Is a Gift a Tax Deduction?
I get this question a lot, and the answer is, “It depends.” How great is that? Well, let me explain further but first let’s iron out a...
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