9 Reminders for Filing a Tax Extension for Your Clients
Every tax season comes with clients who opt to file an extension. When you help them do so, you may have to correct some common… Read more
Cryptocurrency Taxes: What Tax Preparers Need to Know
2021 was a year of record growth for the cryptocurrency market. It was also a year of increased IRS attention on cryptocurrency.… Read more
Additional Medicare Tax: What You Need to Know About Form 8959
Since 2013, some taxpayers have been liable for an Additional Medicare Tax if their income exceeds certain limits. To make… Read more
Understanding a Balance Sheet
A balance sheet report is a type of financial statement that is used to calculate the holdings of a business and its owners.… Read more
Accounting vs Auditing: What’s the difference?
“Accountant” and “Auditor” are often used interchangeably, but are they really the same thing?
An audit is typically performed… Read more
S-Corp Election Deadline for Corporations
Existing corporations that are eligible to elect to be treated as an S corporation need to file Form 2553, Election… Read more