There is a new reporting requirement beginning January 1st, 2024, and most businesses are now required to report. What is the beneficial ownership information report, or BOI? It is a reporting requirement that came from a law passed by Congress in 2021, that will list...
Ending your year right for your business, and tips to improve tax planning strategies. When it comes to owning your own business, it can be very time consuming and difficult to stop and think about your upcoming tax return. It is always more advantageous to plan ahead...
Established in 1884 by President Chester Arthur, the role of an enrolled agent is to serve as a licensed representative for taxpayers, authorized by the Internal Revenue Service to file tax returns and provide expert tax advice. Certified Public Accountants (CPAs),...
There is a new reporting requirement beginning January 1st, 2024, and most businesses are now required to report. What is the beneficial ownership information report, or BOI? It is a reporting requirement that came from a law passed by Congress in 2021, that will...
The IRS has two ways to calculate the business cost of a vehicle. Regardless of which method you choose, it is important that you track both your total and business mileage for the year as both methods are affected by the amount of mileage. So why would you choose one...
