Savvy investors and real estate developers were excited when the Tax Cuts and Jobs Act was passed for a few reasons but one big one was the creation of “Opportunity Zones” (OZs). Opportunity Zones were created to spur economic growth in lower income communities by incentivizing businesses (in a big way) to invest. What is […]
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Working Virtually: IRS Tips to Keep Client Data Safe
At the beginning of the pandemic, almost every aspect of life was switched to online platforms including all things finance, accounting, and taxes. Six months later, we’re still performing several services remotely and cybersecurity especially is a concern most tax preparers and taxpayers have. Over the past few weeks, the IRS has released several statements […]
Commemorating Women’s Equality: Notable Women in the Industry
100 years ago the 19th amendment was ratified, giving women the civil right to vote. The year 1920 went down in history as a huge stepping stone for women’s equality and inspired American women to dream big and accomplish more. To commemorate this incredible feat, we want to honor a few of the women in […]
Grow Your Company With An Advisory Board
“No man is an island; entire of himself…” This famous line written in 1624 by English poet John Donne is still sage advice for anyone, especially an entrepreneur. If you’re satisfied being an independent contractor compensated directly in proportion to your services rendered, you won’t need a board. But if you want to build a […]
Tax Office Operations Manual – PDF Download
This comprehensive manual outlines effective company policies and procedures and communicates them to your employees and clients. Help your staff understand your company’s philosophy to increase consistency in your operations. Includes an editable Word file and forms template so you may customize the manual for your own business needs.n TAX OFFICE OPERATIONS CONTENTS: n n […]
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Ways to Unplug After Tax Season [COVID Edition]
The extended tax season is finally over! While most people in the industry use this time to take a vacation and travel, that’s becoming a bit of a challenge during COVID times. Pandemic or not, if you’ve been knee deep in tax returns while navigating PPP loans and other COVID related items, you owe it […]
Inexpensive Ways to Show Employee Appreciation
The workforce has shifted to accommodate for quarantine, social distancing, and so much more over the past few months. For many business employees, this may have meant taking unconventional hours, purchasing new tech to modify the way they work, and working amongst other family members in a very different environment. They deserve to be appreciated, […]
Tax Preparation Proves to be a Stop Gap for Unemployed Workers
The current pandemic has caused an economic crisis many of us didn’t see coming. Due to decline in sales from forced closures or reduced business occupancy, thousands of employees have become either under employed or unemployed and some businesses have had no choice but to close. As many companies struggle to stay afloat, hiring freezes […]
Tax Resources for Military Ahead of the July 15 Deadline
The IRS’ Publication 3 is an Armed Forces Tax Guide filled with tips and information to help service members and their families take advantage of all tax benefits available to them. Some key benefits detailed in this guide are partial or tax-free combat pay, 180 day extensions and the Earned Income Tax Credit. As the […]
How to Start a Side Hustle and Make Some Extra Money
If you’re looking to supplement your regular income, starting a side hustle could be a great idea! Perhaps you’re getting sick of the daily grind, working for someone else, or living paycheck to paycheck. Maybe you just retired and you want to earn some extra money for travel or hobbies. Or maybe you just want […]