Discover 6 powerful ways a CPA can help you reach your long-term financial goals—from tax strategy and retirement planning to cash-flow management and business guidance. Learn why partnering with a CPA is one of the smartest financial decisions you can make.
Read More: 6 Ways That a CPA Can Help You Reach Your Long Term Financial Goals
CPAs do more than just tax preparation. They can also offer strategic financial planning and advice.
Read More: Why Startups Should Work with a CPA from Day One
You might have heard of tax planning and tax preparation. While both terms are often used interchangeably, they’re drastically different. They vary in their scope and goals.
Read More: Tax Preparation vs Tax Planning Which Service Do I Need
If you’re a small business owner, here are some strategies you can use to help you gain financial independence in the future.
Read More: 4 Retirement Planning Tips for Business Owners
If April 15 has already passed and you haven’t filed, you need to act immediately if you want to reduce your penalties. It’s also important if you want to avoid interest charges and stay compliant with IRS requirements.
Read More: I missed the tax filing deadline, what now?
Both methods have their pros and cons, but the one you choose can affect many parts of your business (including your tax liability, financial statements, and decision-making process). That’s why you need to know both methods and how they work.
Read More: Cash vs Accrual Accounting: Which One is Right for Your Business?
If you sell your home, you could pay capital gains tax if it has gone up in value. But the IRS gives you one major tax break, which is referred to as the “home sale exclusion.”
Read More: Tax Considerations When Buying or Selling a Home
Using a tax preparer (such as a CPA or enrolled agent) can help you. But even if you work with a professional, you still need to understand how to avoid these common errors.
Read More: Top 5 Tax Mistakes to Avoid and How a CPA Can Help
The IRS will never contact you via social media or text message. The first way they will contact you will always be in the mail.
Read More: What to Do If You Receive an IRS Notice
While the process may seem daunting, it’s not hard to create a budget. Once you have one, most of the work will be done.
Read More: 5 Tips on How to Prepare a Workable Budget
500 N Shoreline Blvd # 1010
CCorpus Christi, TX 78401