Tax time is usually not the most favored time of the year. Tax credit results in a direct reduction in tax liability. Education credits are mostly misunderstood and not fully used up. Amounts spent on tuition qualify as education credits, while money spent onboarding, books or any student activity fees do not count towards an education […]
In recent years, the accounting profession has seen the transition of business data and applications from traditional paper-based models to cloud-based digital platforms. Hosting information and software in a virtual environment helps save costs and improve overall productivity. Accounting technology came in the form of desktop applications, moved on to networking, and now, it is […]
While the aftermath of nature’s fury can be disastrous, it also brings out the true face of many people who come forward to help the victims. Unfortunately, there is also the risk of being exposed to con artists armed with illegal scams when affected individuals are most vulnerable. To help avoid being conned whenever […]
What if your client cannot pay taxes in time? As a tax advisor, you do your best to ensure your clients are not in for any unpleasant surprises when handing in their completed tax returns. However, there might be an increasing number of clients who owe money to the IRS for taxes, but do not […]
