Throughout the year life happens and things go unchecked all the time. Especially when it comes to updating your employer about your filing status for taxes when a life event happens. However, understanding what filing status you should be claiming is where you should first start. Â There are hundreds of questions when it comes […]
Knowing Your Filing Status Going Into 2020 Read More »
What should you do if you already filed your federal tax return and then discover a mistake? First of all, don’t worry. In most cases, all you have to do is file an amended tax return. But before you do that, here is what you should be aware of when filing an amended tax return.
Filing an Amended Return Read More »
Many businesses hire part-time or full-time workers, especially in the summer. These types of employees are referred to as seasonal employees, which the IRS defines as an employee who performs labor or services on a seasonal basis (i.e., six months or less). Examples of this kind of work include retail workers employed exclusively during holiday
Seasonal Employees and Taxes Read More »
If you’re thinking about hiring new employees this this year you won’t want to miss out on tax and Payroll tax deduction breaks available to businesses with employees. 1. Payroll Tax Deduction for Startups As part of the Research & Development Tax Credit, for tax years 2016 and beyond, startup businesses (C-corps and S-corps) with
Top 6 Tax Breaks for Businesses Hiring New Employees Read More »
Each year, the IRS mails millions of notices and letters to taxpayers for a variety of reasons. If you receive correspondence from the IRS here’s what to do: Don’t panic. You can usually deal with a notice simply by responding to it. Most IRS notices are about federal tax returns or tax accounts. Each notice
What to do if you get a letter from the IRS . . . Read More »
We’re here to help small business owners learn simple ways to relieve the stress of tax season.
7 Tax Season Tips for Small Business Read More »
In today’s uncertain economic times it is important to understand the impact of life events as they relate to business, jobs, debt and taxes. The IRS provides a near overwhelming amount of information on a variety of topics
Understanding the Impact of Economic Changes Read More »
After the tough economic times we have experienced it feels good to have a little cash in our pockets, doesn’t it? It is important to explore your options and we can help. At BASC Expertise we offer an array of services that can help you make a decision that is appropriate for your personal situation.
8 Ways to Spend (or Save) Your Tax Refund Read More »
In a perfect world you would never have to face an IRS audit, but the best way to be survive one, is to always be prepared.
How to Prepare for an IRS Audit Read More »
Having an accountant or a bookkeeper as a business partner is a surefire way to make certain your business is prepared for any and all tax savings that are available.
It’s never too early to get a jump on 2011 tax preparedness Read More »
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