The Internal Revenue Service has been going through some changes in order to modernize and consolidate how it operates. The latest in that effort is a major policy change that will end most unannounced visits to taxpayers by agency revenue officers to reduce public confusion and enhance overall safety measures for taxpayers and employees. The change reverses a decades-long practice … Read More
Tax Deductions and Programs for New Homeowners
The summer months are a popular time to buy or sell a house. New homeowners should put reviewing the tax deductions, programs and housing allowances they may be eligible for on their move in to-do list. Deductible house-related expenses Most home buyers take out a mortgage loan to buy their home and then make monthly payments to the mortgage holder. … Read More
New IRS Refund Scam
IRS has issued a warning to taxpayers about a recently discovered refund scam that is being sent through the mail. Read on to learn how to protect your personal information and avoid falling victim to identity theft. Recognizing the IRS Refund Scam The fraudulent letter arrives in a cardboard envelope, cleverly designed to deceive unsuspecting individuals into believing that they … Read More
Tax Strategy
Tax Strategy: Minimize Your Tax Liability Legally Do you think you are paying too much in taxes? It’s possible. Do you want to ensure that you are taking full advantage of all the tax breaks and deductions that are available to you? If so, then working with a tax strategist can help. A tax strategist can provide you with the … Read More
Why get an accountant?
More than an accountant. Using an accountant who is also your business advisor can provide several benefits for your business. Heightening your business awareness for higher profit is just one of them. Here are a few key benefits: Overall, using an accountant who is also your business advisor can provide valuable guidance and support for your business. By leveraging their … Read More
The Importance of a Surety Bond in Construction Project.
Construction companies planning to take a loan from a bank or work on a government project, will need a construction accounting expert to secure a surety bond. Surety bonding acts as a guarantee that the construction company will perform the work as agreed upon in the contract. In case of any default, the surety bond protects the obligee, which can … Read More