Many small business & startup founders have a hands-on approach to management, often because they don’t want to spend huge amounts of money on having a team for every task. However, when it comes to accounting, tax planning & filing, your company definitely needs a full-service tax and accounting service. There are some amazing Tampa… Continue reading Small business management: Hire a full-service tax & accounting service!
Unless you are an expert aiding others in filing taxes or tax law, you probably hate taxes like the rest of us. Unfortunately, tax audits can create real headaches and instill fear in individuals who wing tax season. Knowing the correct tax facts can save you down the line. The IRS audits individuals each year.… Continue reading Tax Facts: 3 Reasons the IRS May Audit You
Payroll refers to professionals, systems, tools, and software that professionals use to manage payables due to their employees. Its one of the critical functions in a company and should always be for the most part accurate. Any mishap on the payroll will only lead to disgruntled employees and can even be a reason for mass… Continue reading Why Its a Good Idea to Get a Payroll and Billing Software
Companies making payments to self-employed contractors used to file Form 1099-NEC. That form was done away within 1983 after Box 7 was added to the 1099-MISC form. The latter form is the form companies have been using to report non-employee compensation (NEC) for the last 36 years. That changes in 2020. Yes, the 1099-NEC is… Continue reading The 1099-NEC Makes a Comeback in 2020
Most of us are searching for savings options when the taxman is knocking at our door. We willingly or unknowingly ignore ELSS most of the time. The Equity Linked saving Scheme (ELSS) is a diversified tax saving mutual fund where most of the funds invested in equity markets. Now, through the SIP route, you can… Continue reading Why are ELSS funds becoming increasingly popular instruments?
You can benefit from professional help at any point in the tax process, from making sure that the proper amounts are provided for to ensuring that the correct documents are filed accurately. But there’s one point in this process where you will definitely benefit from the input of an experienced tax specialist – an HMRC… Continue reading Your Source for Help with an HMRC Tax Investigation