Tax Planning vs. Financial Planning: Why You Need to Understand the Difference

Many business owners assume tax planning is something to think about later – often lumped together with retirement or viewed as a byproduct of financial

Recent blogs

How State and Local Tax Refunds Affect Gross Income for the Following Year

The IRS published Revenue Ruling 2019-11 at the end of March 2019 in order to answer questions that arose due to limitations imposed on itemized

7 Marketing Tips for Your Tax Business

As you look ahead to tax season, and beyond, here are seven inexpensive marketing tips to get the year started on the right foot.

Developing Your Accounting Firm’s Plan

What are your accounting goals? Many firms want to grow and expand. However, other businesses want to focus on: At the same time, owners often

GoFundMe Receipts and IRS Rules

Aside from contribution-only donations to established 501(c)(3) charities, the gift/non-gift distinction has always been rather subjective. For example, assume you give money to a children’s

How to Improve Time Management in Your Tax Planning Business

As a business owner, how you view and allocate your time plays a major role in the success of your business. When your to-do list

How to Increase Efficiency in Your Tax Planning Business

A key to business growth is finding ways to get more done with less effort. Small business owners are often juggling so many tasks that

Navigating the 121 Exclusion: Tax Planning for Real Estate Income

Tax professionals today need to be prepared to incorporate real estate income into their clients’ tax plans. More and more Americans are starting to use