Tax Help
Tax Preparation vs Tax Planning Which Service Do I Need
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.
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I missed the tax filing deadline, what now?
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.
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Tax Considerations When Buying or Selling a Home
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.”
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Top 5 Tax Mistakes to Avoid and How a CPA Can Help
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.
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How to Choose the Right CPA for Your Business or Personal Finances
Most people think about hiring a CPA when it’s time to do their taxes, but there are many other reasons to get one. Whether it’s for handling personal or business finances, a good CPA can be an invaluable resource. Most entrepreneurs don’t start their journey with a great deal of knowledge about how to manage […]
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How the Child Tax Credit Works and How It Can Impact Your Return
To qualify for the credit, your child must meet several criteria based on age, relationship, support, dependency, citizenship, and residence. The child must be under 17 years of age, biologically related to you, be claimed by you as a dependent, and not provide more than 50% of his or her own financial support.
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4 IRS Audit Triggers and How to Avoid Them
Some taxpayers are selected at random, but most of them are chosen because their Discriminant Information Function (DIF) scoring system has found some red flags.
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7 Reasons to Hire a Professional Bookkeeper
You may be sick of staring at spreadsheets and teaching yourself how to use accounting software — all while you find yourself losing track of records. You might be worried about missing out on important deductions or overdue invoices. You may be thinking about hiring a professional bookkeeper, which can come with a number of benefits.
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11 Tax Filing Mistakes To Avoid
Avoiding these common tax filing mistakes can save you time, money, and stress. Whether you choose to file your taxes yourself or hire a professional, staying informed and organized is key.
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Pros and Cons of Filing for a Tax Extension
In this guide, we’ll explore the advantages and disadvantages of filing for a tax extension until October 15th, helping you make an informed decision.
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Jennings, Hawley & Co., P.C.
500 N Shoreline Blvd # 1010
CCorpus Christi, TX 78401