What do accountants do with themselves after tax season? Actually, the same thing they do during busy season: They work hard for their clients. The only difference is that instead of cranking out tax returns, they help clients work through…
Should you spend, save, invest, or share your tax refund? Here are a few ideas for putting your tax refund to work for you: Build the emergency fund As we discovered in 2020, it’s too easy to be taken unawares…
Most professions have their own lingo, and accounting is no different. What is different is that you have a vested interest in understanding what your accountant tells you about your financial situation. So, here’s a quick primer on common accounting terms—some business-related,…
While “under a blanket on a cold winter day” isn’t the worst place to work, it’s a good idea to regularly assess your remote working environment—especially if you don’t have a full home office setup—to decide if anything needs an…
It’s probably fair to say that most of us can’t wait to see 2020 out the door. But there’s one more task to carry out before you can wave goodbye to The Year We’d Rather Forget: Be ready to file…
Like many business owners, you are probably not sure how to pick a tax accountant in Miami. It is a difficult decision to make and a vital one for your business that will save you much time and resources. Whether…
The 668 Form Series are several IRS notices sent to the taxpayer warning them that actions are taken on their assets, which include a tax levy, tax lien, and even wage garnishment. This is not a very pleasant situation to…
The Offshore Voluntary Disclosure Program (OVDP) was created back in 2009 as a temporary OVDP program for taxpayers that willfully hide funds overseas to become compliant. However, the IRS closed it due to the usage rate for this offshore disclosure…
If you received the IRS letter 1058, this is the final notice to your unpaid taxes. This letter is serious, so you should take immediate action. If you do not respond to the IRS letter 1058 within 30 days, the…
My CPA, PA, has been providing dental CPA services for dental practices in Pembroke Pines, Miami, and Fort Lauderdale. Keeping your financial books in order is very crucial to the success and growth of your dental practice but we know…