Do you know how to file your taxes if your company operates abroad? If your business operates abroad or is planning to expand into global markets, you need to have an understanding of international tax. Otherwise, your profits could be in jeopardy. Given how complicated the international tax system is, we’ve outlined six strategies below [...]
Everyone should have an estate plan in place. Estate planning isn’t just something for high-net-worth individuals. Estate planning is for anyone who wants to ensure that their items or money is being given to who they want. Without an estate plan, your items could end up in the wrong hands. Or someone you don’t trust [...]
Do you know all the different types of consulting professionals? When it comes to investing in your business, one of the best things you can do is hire a consultant. Consultants are valuable resources that help with things like finances, compliance, growth and so much more. If you’re a business owner looking to maximize your [...]
Did you know you need to report cash gifts to the IRS? If you’ve recently given a cash gift to a family member or loved one, you’re probably not thinking about taxes. But this tax season might be different than others if you have gifted cash. That’s because you could be on the hook to [...]
Non-profits are lifelines to many communities. Nonprofit organizations tend to fill gaps in services and goods that aren’t being provided by local governments. But although these organizations seek to do good for communities, they are also lucrative business ventures. After all, it is estimated, that non-profits contribute $1 trillion to the national economy in the [...]
Are you prepared for tax season? At A.P. Accounting & Tax Services, we get asked tax questions all the time. Given that tax season is just around the corner, we’ve decided to outline some of the most common questions below. 1. How Can I Lower My Tax Bill? The most common question that we get [...]
You could save big on an electric vehicle purchase. If you purchased a new or used electric vehicle in 2023 you could qualify for a tax credit up to $7,500 Although a relatively new tax credit, the Inflation Reduction Act that passed in 2022 guarantees money back on all new or used electric vehicle purchases. [...]
Could a defined benefit plan be right for your business? Commonly referred to as a pension, a defined benefit plan is a great way to guarantee retirement benefits. If you are a business owner who doesn’t offer a benefit plan but is thinking of doing so, continue reading below to see why it could be [...]
Are you happy with your retirement plan? If your retirement plan isn’t getting the return you thought it would then it might be time to roll it over. A rollover occurs when a withdrawal of cash or assets is made from one eligible retirement plan and placed in another. This practice could be advantageous and [...]
If you’re not financially savvy, you came to the right place. Whether you want to save, invest, start a business, or track expenses; knowing where to start can seem impossible. At A.P. Accounting & Tax Services, we understand first-hand how complicated financial terms can be. That’s why we’ve taken the time to highlight five common [...]
