by Lori Bowden | Jul 3, 2025 | Business, Individuals, Newsletter, Taxes
The Document Locker, Document Request List, and “Send to Accountant” button are powerful tools designed to streamline document sharing and keep both clients and firms aligned throughout the engagement process. Please remember to notify your tax professional once...
by Lori Bowden | Jul 2, 2025 | Business, Individuals, Newsletter, Taxes
Once a tax return is filed, most people breathe a little easier. But it’s not uncommon to realize too late that something was left off a return, figures were misreported or some other error was made. Accuracy is essential, but, depending on the type of error, an...
by Lori Bowden | Jul 1, 2025 | Business, Newsletter
Businesses close for various reasons. Perhaps you’re ready to embark on a welcome change such as retirement or launching a new venture. Or maybe it just no longer makes financial sense to continue operating your current business. Whatever the reason, closing your...
by Lori Bowden | Jun 4, 2025 | Accounting, Business, Newsletter
The accounting method your business uses to report income for tax purposes, either cash or accrual, can significantly impact your tax bill. While the cash method can offer tax-saving opportunities, the accrual method may in some cases be more appropriate or even...
by Lori Bowden | Jun 3, 2025 | Business, Newsletter
Ever since you became a business owner, you’ve focused on growing revenue, managing expenses and leveraging tax advantages. But don’t overlook a critical element of your long-term financial well-being, that is, a business exit strategy. Ideally, your exit strategy...
by Lori Bowden | Jun 2, 2025 | Business, Individuals, Taxes, Uncategorized
This platform makes it easier and safer for you to work with us during tax season (and beyond). Here’s what you need to know: What You Can Expect Easy Access You should have received an email invitation with a link to the portal from noreply@wolterskluwer.com. No new...
by Lori Bowden | Jun 1, 2025 | Individuals, Newsletter, Taxes
The IRS will stop issuing paper checks for tax refunds and accepting paper checks for payments starting September 30, 2025. This change is part of Executive Order 14247, Modernizing Payments To and From America’s Bank Account, signed by President Trump on March 25,...
by Lori Bowden | May 4, 2025 | Business, Newsletter, Taxes
The consequences of misclassifying an employee as an independent contractor can be costly. You could be liable for back taxes (including the employee’s shares of unpaid payroll and income taxes), penalties and interest. There may be serious nontax consequences as...
by Lori Bowden | May 3, 2025 | Individuals, Newsletter, Taxes
Most people feel some relief after filing their income tax returns each year. But even if you’ve successfully filed your 2024 return, you may still have questions. Here are three common ones. 1. What’s the Status of Your Refund? You can learn the status of...
by Lori Bowden | May 2, 2025 | Business, Individuals, Newsletter, Taxes
If you own a company and travel for business, you may wonder whether you can deduct all the costs of having your spouse accompany you on trips. It’s possible, but the rules are restrictive. When Your Spouse Is Also Your Employee If your spouse is your employee, you...
