3 Reasons To Consider A Rental Property 1031 Tax Delayed Exchange

Posted on 31 August 2021

If you are planning to sell a rental property that you currently own, you may wish to consider what is known as a rental property 1031 tax delayed exchange. If you are not familiar with this type of tax deferment, a 1031 tax delayed exchange allows you to delay the federal income and capital gain taxes associated with the sale of your rental property when using the proceeds from this sale to purchase another rental property. [Read More]

4 Compelling Reasons You Might Need Tax Preparation Consulting

Posted on 14 May 2021

Do you find yourself struggling with tax return preparation for your business? While tax preparation isn't an expensive affair as always feared, minor mistakes can cause costly issues such as penalties and hiring expensive in-house accountants. If you have been wondering whether you need tax preparation consulting, you are in the right place. Here are some reasons it makes sense to seek tax preparation services.  Save Time  You already have a lot on your plate as a business manager, trying to manage more important business operations. [Read More]

When To File An Amended Return

Posted on 20 November 2019

Taxes are a big deal, so it's no surprise most people take a great deal of time preparing and filing their taxes. However, mistakes are inevitable. The IRS, fortunately, does leave room for error and allows you to file an amended tax return for a period of up to three years. If you've run into a mistake, but aren't sure you should file an amended return, learn about some of the scenarios when it makes the most sense. [Read More]

3 Financial Tips For Small Businesses

Posted on 7 February 2018

Owning and operating a small business is a dream come true for millions of Americans. In fact, there are 28 million small businesses operating across America. Of that 28 million, 22 million are operated by just one person and have no employees. Whether a small business is run by one person or operated by a handful of people, staying financially savvy is a must. Some small business owners find bookkeeping and taxes to be major hassles. [Read More]

About Me

Understanding Tax Services

After I started my own business, I realized that it was going to be difficult to keep track of my finances all by myself. I didn't understand how to manage payroll and deal with filing taxes, so I started working with a trained tax professional. He was smart, on the ball, and incredibly nice. He walked me through every aspect of managing my business financials, and it was a huge relief. This blog is all about understanding tax services so that you don't have to stress about the future. After all, as a new business owner, you have enough on your mind.

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