If you recently received a letter from the IRS asking you to update your bank account information, you are not alone. The IRS has sent well over 1.4 million CP53E notices to taxpayers this filing season, and scammers are already circulating convincing fakes. Here is what you need to know to protect yourself and your refund. What Is a CP53E Notice? A CP53E is a legitimate IRS notice informing you… Read More
Prevent Small Business Tax Turmoil By Avoiding These Simple Mistakes
Very few business owners look forward to tax season, and those who don’t work with a tax accountant, may even dread it. Running a business takes a lot of work, and although taxes are an essential part of that work, they can feel like more of a last-minute chore than something you should prioritize. Unfortunately, when taxes take a back seat, it can quickly and easily lead to costly errors… Read More
Getting To Grips With Small Business Multi-State Taxes
If you’re ready to take your business beyond the confines of your home state, this might well mean that your company is growing in the right direction. Things like selling your products and services online, hiring employees remotely, or opening a new branch, can all help unlock new revenue opportunities. But doing this without first seeking guidance from a tax accountant in Miami, could force you to grapple with the… Read More
13 Small Changes To Make Your Business More Profitable
Contrary to what a lot of small business owners believe, increasing profits doesn’t have to require monumental changes, like taking on more salespeople, making big investments or market expansion. In many instances, it’s the smaller, seemingly inconsequential changes to the way in which a business operates, that delivers the biggest shift in profits. Here are 13 small changes that with guidance from Miami accountants, you can put into practice to… Read More
How To Identify If Your Small Business Needs Professional Bookkeeping, Accounting, Or Both
For anyone just entering the world of entrepreneurship, it’s easy to underestimate the interdependent yet highly distinct functions that bookkeepers and accountants carry out. Some may even believe that by attempting to fulfil these functions themselves, they will save themselves some much needed cash. However, accounting and bookkeeping services in Coral Gables have a critical role to play in the long-term success of any business, and by not investing in… Read More
The Hidden Cost Of Staying With The Wrong Accountant
If you’ve been working with an accounting service for many months or even years, the thought of switching to another provider can fill you with dread, even if the relationship with your existing accountant is no longer fit-for-purpose. Will it be disruptive? Will it cost more? You may also feel a certain loyalty to them that discourages you from seeking a new accounting firm. However, switching to a different accountant… Read More