by George Simpson | Jan 24, 2020 | Business News
Choosing Your Tax Preparer The percentage of taxpayers using a professional tax preparer has risen to over fifty percent according to the IRS. This is with good reason because the Tax Cuts and Jobs Act made several changes to the tax code when it went into effect....
by George Simpson | Dec 27, 2019 | Business News
It’s Not Too Early to Start Thinking About Tax Year 2020 Between now and April 15th you are going to file your 2019 tax return. Obviously, this is your focus. However, since tax year 2020 has already begun, it would be wise to begin placing some attention on your tax...
by George Simpson | Nov 25, 2019 | Business News
Tax Planning Now Can Save You Money Later When we review past tax returns of new clients, we usually find they paid more taxes than they needed to. The primary reason is failure to adequately tax plan. What Is Tax Planning? Tax planning is the process of gaining the...
by George Simpson | Oct 28, 2019 | Business News
Offshore Accounts and Taxes U.S. taxpayers must report their worldwide income on their tax returns. Due to our government’s need to increase revenue, the IRS is actively searching for violators. When caught, the penalties for failing to disclose can be harsh, ranging...
by George Simpson | Sep 25, 2019 | Business News
Scammers Pretending to Be IRS Employees Want to Steal Your Money You are an honest taxpayer who always pays taxes on time. Regardless, you may have received alarming automated calls allegedly from the IRS demanding payment and threatening arrest. These are a scam. The...
