Should You Use Bitcoin For Your Business?

Should You Use Bitcoin For Your Business?

Are you a business owner thinking about accepting Bitcoin as an acceptable form of payment? It makes sense considering the cryptocurrency's amazing growth since it was launched in 2009 with its very first transaction.   Bitcoin Growth In 2010, 1,000 bitcoins could...

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What You Need to Know About Tax Penalty Relief

What You Need to Know About Tax Penalty Relief

We've received plenty of questions from clients regarding tax penalties and, more importantly, what they can do to see some relief from them on their tax returns. Whether they are penalties that apply to individuals, entities, tax-exempt organizations, etc., today's...

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Don’t Miss Out on the Earned Income Tax Credit

Don’t Miss Out on the Earned Income Tax Credit

The Earned Income Tax Credit (EITC) is a tax benefit for working people who have low to moderate income. It provides a tax credit that is treated like tax withholding: it goes to pay an individual’s tax liability, and any excess is paid to the individual in the form of a tax refund.

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Solopreneur’s Best Choice S-Corporation or Sole Proprietorship?

Solopreneur’s Best Choice S-Corporation or Sole Proprietorship?

When starting a solopreneur business, one of the most important things to consider is the kind of business structure to use. For example, should a solopreneur choose a S-Corporation, or would they be better off with a sole proprietorship? To help solopreneurs decide, they need to look at the biggest factors that should weigh on their decision.

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Affordable Care Act Reporting Relief for Employers

Affordable Care Act Reporting Relief for Employers

Beginning for the 2015 tax year, Applicable Large Employers (ALEs) are required to file Forms 1095-C and 1094-C with the IRS and provide a copy of the 1095-C to each of their employees. An ALE is generally an employer with 50 or more equivalent full-time employees (EFTEs) in the prior year.

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Start Up U Discount Ends Tonight Jan 1st!

Today is the Last Day to Register for February's Start Up University at the Discounted Price of Only $95 per person! We are excited to host the event at the Hard Rock Hotel & Casino. One of the premier hotels in Las Vegas with many great restaurants and amenities....

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Tax Increase Prevention Act of 2014

Tax Increase Prevention Act of 2014

President Obama recently signed and enacted H.R. 5771 “Tax Increase Prevention Act of 2014,” which provides a one year extension on a number of tax relief provisions in the Internal Revenue Code (IRC) that had expired either at the end of 2013 or during 2014.

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Holiday Hours

Holiday Hours

Holiday Greetings: To ensure the best possible service, we kindly ask that you review our holiday office hours. If you need to form a new entity, request a consultation, or your renewal is due before the end of the year, please submit your request as soon as possible...

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Recordkeeping Tips to Keep the IRS Away

Recordkeeping Tips to Keep the IRS Away

With the ever-increasing complexity of our tax system, it is commonplace for many small businesses to make mistakes with bookkeeping and filing. One way to avoid making errors and keep the IRS away is to be aware of the most commonly encountered pitfalls. Here are some tips to help keep the proper records.

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Tax Problems and Controversies Webinar

Tax Problems and Controversies Webinar

Fight back against the IRS and avoid the pains of having your accounts levied, compounding penalties, or liens placed on your properties. Join host Toby Mathis as he talks with tax expert Eric Day, J.D., LL.M. to discuss these risks and trends related to tax problems and controversies.

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Webinar – Tax Problems and Controversies Webinar

Webinar – Tax Problems and Controversies Webinar

Fight back against the IRS and avoid the pains of having your accounts levied, compounding penalties, or liens placed on your properties. Join host Toby Mathis as he talks with tax expert Eric Day, J.D., LL.M. to discuss these risks and trends related to tax problems and controversies.

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Writing Off Your Start-Up Expenses

Writing Off Your Start-Up Expenses

Business owners, especially those operating small businesses, may deduct up to $5,000 of their start-up expenses in the first year of the business’s operation. This is in lieu of amortizing the expenses over 180 months (15 years).

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Failed to Report Your Foreign Financial Assets?

Failed to Report Your Foreign Financial Assets?

If you are a U.S. taxpayer who has not reported your foreign financial assets on your tax returns and you can certify that the reporting failure and nonpayment of all tax due related to those assets did not result from willful conduct on your part, you can come into compliance with the IRS by doing the following:

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Alcoholism & Drug Addiction

Alcoholism & Drug Addiction

Alcoholism and drug addiction are treated as medical ailments for tax purposes. People with addictions often cannot quit on their own. Addiction is an illness that requires treatment. Generally, treatment expenses are tax deductible as an itemized deduction medical expense.

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Tips to Avoid Tax Penalties for 2014

Tips to Avoid Tax Penalties for 2014

Thanksgiving marks the beginning of the holiday season and the time when we begin to think about family get-togethers, holiday gift sharing and parties. But don’t overlook what comes right after the holidays: tax season. And don’t overlook a couple of things you can do now to avoid or reduce potential penalties on your 2014 tax return.

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