Life gets busy and it can be easy to overlook important deadlines. When it comes to filing your tax return, it’s not the end of the world if you are late. There are steps you can take to correct the situation and minimize any potential penalties or interest. In this article, we’ll walk through what… Read More
The Internal Revenue Service (IRS) is the U.S. government agency responsible for tax collection and enforcement of tax laws. To assist taxpayers in meeting their obligations, the IRS offers a variety of tools, including online portals for filing and payment, resources for checking tax refunds, and guides for managing tax deductions and credits. Additionally, the… Read More
As you get closer to retirement, it’s natural to focus on how much you’ve saved and whether it’ll be enough to support you once you stop working. But here’s something that often gets overlooked: taxes. The way you manage your taxes—before and after retirement—can make a huge difference in how far your savings… Read More
If you’ve been running a small business for 5 to 10 years, you’ve likely hit a point where you’re looking to scale. You’ve got a solid foundation, but how do you take your business to the next level? Here are 9 key strategies to help you grow faster and more wisely. Leverage Your… Read More
As tax season rolls around, it’s easy to feel a mix of anxiety and confusion about preparing your taxes. Whether you’re filing for the first time or you’ve been through the process many times, gathering the right documents can make a world of difference. Having everything organized not only helps your tax preparer find every…… Read More
Tax audits can be stressful, time-consuming, and costly. While the IRS conducts audits for various reasons, there are proactive steps you can take to reduce your risk significantly. By maintaining accurate records, understanding tax laws, and adopting good financial practices, you can create a strong defense against the possibility of an audit. This article will explore useful strategies to help you stay ahead to minimize your audit risk and ensure your tax filing process runs smoothly.… Read More
Tax audits can be unexpected, stressful, and intimidating for both individuals and small businesses. While the IRS conducts audits for various reasons, understanding the common triggers can help you avoid potential pitfalls. This article details the key reasons individuals and small businesses face audits and offers tips to minimize your risk.… Read More
As tax year continues, misinformation can spread quickly, leading many to make mistakes on their returns. Here’s a detailed look at some of the most common tax myths, debunked to help you navigate the tax landscape with confidence.… Read More
As tax season approaches, so does an increase in scams and fraudulent schemes targeting unsuspecting taxpayers. The Internal Revenue Service (IRS) has made significant efforts to educate the public about these threats, but unfortunately many people still fall victim each year. Understanding these common tax scams can help protect your hard-earned money and personal information. In this article, we will explore various types of tax scams, how they operate, and what you can do to stay safe and protected.… Read More
In this article, you’ll discover essential steps to prepare for the upcoming tax season, focusing on high-income taxpayers and small business owners in Lenexa, Kansas. We’ll cover what actions you should take before December 31 to ensure a smooth tax filing experience, how to organize your records for your tax accountant, and best practices for reducing tax-related stress. Whether you’re a small business owner or a high-income individual, following these tips will help you stay ahead of the curve and avoid last-minute scrambling during tax time.… Read More