Resources

Learn about the important difference between tax deductions and tax credits. In general, a deduction reduces taxable income, whereas a credit reduces the tax itself. Watch to learn more.

Everybody wants to lower the amount they pay in taxes, but it is an especially important goal for small business owners.  Every penny in taxes avoided are a double victory: you avoid overpaying...

The IRS announced in late July 2019 that it is ramping up its campaign to ensure that taxpayers with cryptocurrency transactions report these transactions on their income tax returns. Watch the...

Tax reform imposed limitations on food, beverage and entertainment expenses. Expenses considered entertainment are not deductible at all during the years 2018 through 2025. The tax reform act also...

Great question!   The IRS and most states require taxpayers to e-file their tax returns.  Sometimes though there’s legitimate reasons why a return will be paper filed instead.  Here's a few of...

Now you're totally freaking out about possibly owing more money or being smacked with a penalty, despite filing your taxes on time?  Don't panic.  Watch below for more information.

S Corporations have very specific requirements when it comes to taxation and compensation.  This has led many of those responsible for payroll and bookkeeping at S corporations to make the mistake...

When discussing taxes, reading tax related articles or interpreting instructions, one needs to understand the lingo and acronyms used by tax professionals and authors to be able to grasp what...

Congress, at almost the last minute, has passed a large number of tax changes, including retirement plan issues that will become effective in 2020, as well as extensions through 2020 of a number...