Non-profits are an essential part of a community. There’s nothing more fulfilling than serving your community through a non-profit organization. However, starting and sustaining one is not easy. Given how difficult it is to set up a nonprofit, we’ve outlined all the key things you should know before getting started. Ask Questions and Do Your [...]
The last thing on your mind after losing a loved one is likely their taxes. Losing a loved one is stressful enough; the last thing you should be worrying about is taxes. Plus, filing a deceased’s final tax return can be complicated, which is why we’re here to help. We’ve outlined everything there is to [...]
Transferring a business to a relative takes more than just a handshake. Many owners dream of passing their business on to a relative. But, keeping it in the family is not as simple as you’d think. That’s why we’re here to help. From the right valuation, payments, paperwork, authorizations, and more; we know what [...]
An uneven cash flow will make it difficult to predict tax obligations. We completely understand why some owners avoid their taxes. Not only can this process be time-consuming and confusing, but having an uneven cash flow can make it nearly impossible. Whether you’re a small business owner or freelancer; having a firm grasp on your [...]
Owners need budgets to plan, spend, and scale accordingly. Simply put; your business needs a budget analysis. How often? That depends. Budgets are used to determine the financial condition of a business. So, if you need to identify your cash flow, the overall condition of the company, or to plan for the future, you need [...]
Taxes after a divorce are complicated. If you’ve recently separated or gotten a divorce, you’re probably not thinking about taxes. But this tax season will be different than others. From deductions to recognition, dependants, status, and more; preparing early is essential. That’s why we’re here to help by gathering our top tips for dealing with [...]
It’s possible to save money on your taxes. Being smart about deductions and credits lets you get away from paying more in taxes. Currently, the federal income tax brackets range from 10% to 37%, which is a lot of money out of your pocket. But there are some tricks you can use to pay [...]
You can’t avoid the IRS. Maybe you procrastinated, can’t find paperwork, or lost track of time. Regardless, the IRS does not care why you haven’t filed. But, they do need to know you intend to. So, if you think you won’t make the deadline, you’ll first need to file an extension. We’ve outlined everything you [...]
Maintaining a tax exemption status can be tricky. Did you know there are 27 different types of nonprofit designations in the federal tax code? That’s a lot of designations! And, knowing what (or if) these matter to your business can be hard. That’s why we’re here to help. We understand that tax requirements are complicated [...]
Even if you leave the U.S your tax responsibilities follow. Working or living somewhere other than the U.S? If so, it doesn’t mean you can escape U.S taxes. But, there’s good news. Filing your taxes in another country is actually pretty straightforward. We’ve taken the time to outline some of the most important bookkeeping tips [...]
