Tax Preparation Mistakes
Running a business is no small feat. You’re juggling payroll, managing expenses, and focusing on growth—only to have tax deadlines sneak up on you at the worst possible time. But
January 30, 2025
Skip to content Running a business is no small feat. You’re juggling payroll, managing expenses, and focusing on growth—only to have tax deadlines sneak up on you at the worst possible time. But
Owing money to the IRS isn’t just a financial problem—it’s an emotional rollercoaster. The letters don’t stop, the penalties keep piling up, and no matter how much you try to
The IRS has made it official—new regulations are rolling out for decentralized finance (DeFi) tax reporting, and they’re not playing around. With the introduction of Form 1099-DA, digital asset transactions
Tax season is stressful enough—but this year, there’s a new challenge business owners can’t afford to ignore: IRS delays.With staffing shortages, backlogs, and a hiring freeze, the IRS is more
Tax season is stressful enough—but this year, there’s an even bigger reason to be on high alert. The IRS is struggling. With over $20 billion in budget cuts and a
Over $1 billion in unpaid taxes. That’s how much the IRS could collect from unreported gambling winnings. If you’ve ever hit it big—at a casino, sportsbook, or even an online
In a stunning case of tax fraud, Salvador Gonzalez, a California-based tax preparer, was recently sentenced to six years in federal prison after orchestrating a decade-long scheme that cheated the
Life happens—taxes get pushed aside. But ignoring unfiled tax returns won’t make them disappear. The longer you wait, the worse it gets. Here’s how to fix it before the IRS
As a business owner, safeguarding client information isn’t just good practice—it’s a legal requirement. The IRS has recently introduced a Written Information Security Plan (WISP) tailored to help tax professionals
Why Cybersecurity Matters for Your BusinessImagine coming to work and finding your entire system locked by hackers. You can’t access customer data, financial records, or emails. Then, a message appears
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