Heyer Inc | Accounting and Tax Blog

There are some tax tips that can just as easily apply to the professionals involved with other people’s taxes, as to the tax payer themselves, and both parties are more than capable of succumbing to the stress that often accompanies tax season. Here are some ways of helping to lower your stress levels, whether you’re filing your own taxes, or filing on behalf of a client: Stress can lead to… Read More

Expenses are a major part of most small business owners tax filing preparations each year, and you can never be organized enough when it comes to keeping track of them. If you spend hours searching through drawers, boxes and cupboards for receipts, then you can be confident that your ‘system’ requires updating. Fortunately, updating an ineffective expense tracking system is not difficult, it’s more about developing good habits and sticking… Read More

Few see doctors as business people, and few doctors will admit to being businessmen, but the reality is that those who do operate their own practices, must find a balance between caring for their patients and running a service-based business. Even some of those doctors employed by hospitals or other medical facilities will be required to make important financial decisions. With many doctors having spent years in training at medical… Read More

There are of course, strict penalties in place for those who incorrectly file their tax return, whether it’s a business or personal one, but the IRS will not assess a penalty if it owes you or your business, a refund. You can even claim your refund late by filing an amended tax return within three years, but if you owe money to the IRS and fail to pay because of… Read More

Did you know that dental practitioners are among the most over-taxed people in America, with research showing that around 95% are overpaying their taxes by 10 to 50%? They also rank highly among those who voluntarily pay more tax than they are required by law to pay, and this is usually because their tax professional is simply not doing their job properly. The tax system seems hell bent on forcing… Read More

Whatever the time of year, taxes are never far from the thoughts of most small business owners, and planning and preparing for them is an all year affair. Many small companies use tax professionals to assist them with their taxes, not only for convenience, but for ensuring that their returns are timely and correct, and if you don’t yet have one, perhaps you should? What is a tax professional? Tax… Read More