Author: Andree Santiago
If you want to be able to give gifts tax free, then you’ll want to follow these guidelines
Over the years of doing bookkeeping, I have noticed that some of my clients make financial gifts at the personal level. If you are financially well off, you may want to gift money or property to family members or others you care about. If that is the case, there are…
This Might Be The Best Way to Trigger an Audit
Not reporting all your income The most common and easiest audit trigger I have seen in my years of working in the accounting industry is not reporting all your income. This is a lot easier to overlook than you might think. Even if you don’t report your income to the…
Make sure you have a bookkeeper or CPA ahead of time
Most people wait to the last minute in December to get all their bookkeeping, accounting, and payroll records to get updated.By this time almost all bookkeepers and CPAs are completely booked working on their clients' year end bookkeeping. Don't wait until the last minute, book your free consultation at Beachwood…
When Can You Dump Your Old Tax Records?
Taxpayers often question how long records must be kept and the amount of time IRS has to audit a return after it is filed. It all depends on the circumstances! In many cases, the federal statute of limitations can be used to help you determine how long to keep records.…