If you’re new to the world of business, you may not know what an EA, or enrolled agent is or even how they can help businesses with their taxes. If you’re one of those people, then read on and find out whether an EA can help you with your taxes: What are enrolled agents? EA’s are similar in their roles and responsibilities to CPA’s and tax attorneys, in that they… Read More
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Getting Your Business Ready For The Tax Reform
Now that we’re firmly into 2018 and 2017 is becoming a distant memory, if you’re a small business owner, you’re probably busy trying to keep afloat or work out ways to improve your business in the new tax year. While the tax reform bill that became law at the end of 2017 may not change how you operate your business or deal with your customers, it will certainly change some… Read More
Tax uncertainty and the role of the tax professional
It could be many weeks, or even months, before taxpayers and payroll processors begin to fully understand how the new tax laws will affect matters, but the guidance due to be issued by the IRS this month, should give further insight. Changes to the way taxes are filed and processed will be put into place in February, and the changes may well affect you minimally; a lot will depend upon… Read More
What’s The Difference Between An ITIN And A SSN?
The tax system in the US can be confusing, particularly if you’re not born and raised there and have come to the country from elsewhere in the world to work, and there are often many documents involved when applying for such things as an SSN or an ITIN. Let’s begin by clarifying exactly what an ITIN and a SSN are: What is an ITIN? An ITIN is an ‘individual taxpayer… Read More
Don’t Let The Holidays Stop You From Tax Planning
The holidays are hot on our heels, and we all know that this can be an exceptionally busy, stressful and chaotic time of year for everyone, even more so if you’re a business owner or are self-employed. That in mind, it’s important to ensure that you give yourself enough time to plan for your taxes and make the most of strategies to reduce the amount you will need to pay…. Read More
How To Avoid A Headache For The Next Tax Year
Thinking about your taxes well ahead of time may be the furthest thought from your mind, but rest assured that it’s one of the best ways of reducing the risk of a major tax headache, and helps to avoid mistakes being made due to last minute panic. Here are 4 ways to help you focus on your taxes now, to help you avoid a headache for the next tax year:… Read More