The Benefits of IRS Installment Agreements
Dealing with tax debt can be overwhelming, especially when a lump-sum payment is not financially feasible. For taxpayers unable to pay their federal tax liability in full, the IRS installment plan provides a practical and often beneficial solution. By breaking down tax payments into manageable monthly installments, these agreements offer breathing room and the opportunity […]
When Is The Right Time To Schedule A Tax Consultation?
Navigating the ever-changing landscape of tax laws and financial responsibilities can be a daunting endeavor. Whether you’re an individual taxpayer, a freelancer, or a business owner, knowing when to schedule a tax consultation can make the difference between smooth sailing and financial headaches. Many people only think about taxes during the filing season, but that […]
Avoiding Pitfalls with the IRS
Dealing with the Internal Revenue Service (IRS) is a source of anxiety for many taxpayers, but much of this stress stems from misinformation, lack of communication, and inaction. Whether you’re a business owner, a freelancer, or a salaried employee, understanding how to properly navigate IRS-related issues can save you from significant financial strain and legal […]
Cryptocurrency: How The IRS Sees It
These days, cryptocurrency has steadily moved from a niche interest to a mainstream investment and payment method. As its use has expanded, so too has government scrutiny—particularly from the Internal Revenue Service (IRS). For individuals and businesses alike, understanding how the IRS treats crypto is critical to staying compliant and avoiding unexpected tax consequences. Despite popular […]
What To Know About The North Carolina Tax Extension
For North Carolina taxpayers, understanding the nuances of tax extensions can be crucial, especially when natural disasters like hurricanes alter the course of normal filing schedules. In 2025, the North Carolina Department of Revenue announced a tax extension for individuals and businesses affected by recent hurricanes. This extension allows taxpayers to file their returns at […]
What To Know When Your Taxes Are Finalized
Tax season can be one of the most stressful times of the year for many individuals. Whether you’re eagerly waiting for a tax refund or trying to figure out how to handle a tax bill, understanding what happens when your taxes are finalized is crucial. Once your taxes are completed, the final steps in the […]
What Should I Do if I Receive an Audit Notice from The IRS?
Receiving an audit notice from the Internal Revenue Service (IRS) can be a stressful experience, but it is not necessarily a cause for panic. The IRS conducts audits to ensure that tax returns are accurate and comply with tax laws. An audit does not automatically mean you have done something wrong. However, it is crucial […]
Tax Planning 2024
Personal Income Tax Planning Strategies for Year-End 2024 As 2024 draws to a close, it’s the perfect time to review your personal income tax situation and implement strategies to minimize your tax liability for the year. Proactive year-end tax planning can lead to significant savings, as well as ensure that you take full advantage of […]
Common Business Accounting Calculations
No matter the type of business or industry, being able to analyze and deduce patterns is essential to discovering a business’ financial health. Here are four commonly used calculations to help internal and external stakeholders determine an organization’s ability to manage its finances. Break-Even Analysis This formula analyzes fixed costs versus the profitability a business […]
Pre-Retirement Planning Guide – Finding Purpose In Life
Step 7: Find Your Raison d’Etre What do you consider to be your purpose in this world? Few people think about their life that way. In Japan, they call it your ikigai. In France, they refer to your raison d’etre. For Americans, that roughly translates to your purpose in life or your reason for being. […]