What tax records can you toss and what should you keep?
If you’ve filed your 2024 tax return, you may be eager to do some spring cleaning, starting with tax-related paper and digital clutter. The documentation needed to support a tax return …
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FBAR: For Those With Foreign Accounts
Any U.S. person with a financial interest in or authority over foreign financial accounts may be required to file a Report of Foreign Bank and Financial Accounts (FBAR). An FBAR is …
Tax bill higher than expected? Try this!
It may not be too late to reduce your 2024 taxes, but it’s getting close! If you’re preparing to file your 2024 federal income tax return and your tax bill …
Next-level Growth: Unlocking Your Business’ Full Potential
At the growth stage, business and financial advisory services become essential. Focus on these two key areas to elevate your company to the next level. 1. Financial and tax reporting …
Could you be hit with the Trust Fund Recovery Penalty?
If you own or manage a business with employees, you could be personally responsible for paying a harsh tax penalty. It’s called the Trust Fund Recovery Penalty (TFRP). It applies …