Has Technology Disrupted Your Business Model? Here’s What to Do Next
Think for a moment about the many ways that the world has changed since Steve Jobs first introduced the iPhone to the world in 2007. Overnight, entire industries were upended. Nobody needed a standalone camera because they were suddenly carrying one around with them in their pocket all day. GPS units for your car became […]
IRS Announces New Mileage Rates for 2016 and they are DOWN from 2015!
IRS Announces New Mileage Rates for 2016 and they are DOWN from 2015! IRS announced the new 2016 tax-deduction rates for using your vehicle for • Business use• Charity work• Medical-related use• Moving (restrictions apply). These rates tend to change every year, but they usually go UP. Unfortunately, not for 2016. Vehicle-Use tax-deduction rates will […]
What Does an Accountant’s Privilege Cover?
What Does an Accountant’s Privilege Cover? One major difference between the practice of attorneys and that of accountants has historically been the privilege of confidentiality extended in attorney-client communications, and the lack of confidentiality in accountant-client communications. Under the Internal Revenue Service Restructuring and Reform Act of l998 the privilege of confidentiality in non-criminal federal […]
Business Growth: How to Plan for (and Make the Most of) This Critical Stage
While it’s true that every business is different from the next – and every entrepreneur will go on his or her own unique journey – there are still a few constants that we know to be true. The start-up phase, for example, is when you write a formal business plan. You secure financing, you select […]
3 Critical Things to Know Before Trying To Deal With the IRS On Your Own
3 Critical Things to Know Before Trying To Deal With the IRS On Your Own Knowledge is power! Understanding what you are getting yourself into is absolutely critical, when is comes to dealing with the IRS. The best approach to solving IRS problems is careful consideration of your situation as a whole before jumping in. […]
How does the Collection Statute Expiration Date (CSED) affect you?
How does the Collection Statute Expiration Date (CSED) affect you? Many people don’t know the IRS only has 10 years to collect a tax liability once the liability has been assessed. The IRS notes the Collection Statute Expiration Date (CSED) in your file for each year that a tax is assessed. Note I have underlined […]
New York State Tax Guide- State Tax Rates and Information
New York State Tax Guide- State Tax Rates and Information Tax Relief Solutions for New York State The State of New York is among one of the highest tax rates in the Nation. The only states currently higher are California, Oregon, Hawaii and Minnesota. As with many Americans, attempting to figure out your taxes […]
IRS Collections- State of the Union Address- 01-19-2022
IRS Collections- State of the Union Address- 01-19-2022 IRS is in “Crisis” per the National Taxpayer Advocate- 01-11-2022 Telephone service is at the service’s worst in history- only 11% or 32M of the 282M calls received were even answered 14 Million “math errors” in 2020 took on average of 199 days to resolve […]
¿Pueden los migrantes solicitar el desempleo?
¿Pueden los migrantes solicitar el desempleo? ¿Es usted un migrante que vive en los EE. UU. y ha perdido recientemente su trabajo, o tiene miedo de perder su trabajo? Existen reglas especiales con respecto a la migración y la recepción de beneficios por desempleo que debe conocer. Prestaciones por desempleo: Lo básico Ya […]
IRS Notice CP 22A- Adjustment Notice- Balance Due
IRS Notice CP 22A- Adjustment Notice- Balance Due The CP 22A notice is sent to a taxpayer to notify you of an adjustment to the return that results in a balance due on your account. What Is The Next Step With A CP 22A? The first step is to verify that the adjustment is correct. The IRS […]