QuickBooks Online Receipt Capture is an essential feature that helps businesses easily manage and store their receipts. By automating the process of recording and attaching
Are your financial records and financial data in disarray? A bookkeeping clean up is your solution. This guide offers clear steps to help you organize
Is a roof qualified improvement property? If you’re trying to determine if your roof repairs or upgrades to a commercial building can qualify for tax
Wondering why your startup needs a CPA? Startup CPAs offer essential tax, financial management and compliance services, ensuring your business avoids financial pitfalls and that
Navigating taxes for a private practice therapist can be daunting, especially if your practice is new. But taxes are crucial for managing the finances of
Filing a joint tax return allows married taxpayers to take advantage of beneficial tax rates and potentially lower tax brackets when they file taxes together.
The timeline for 1031 exchange is crucial for real estate investors looking to defer capital gains taxes. Missing key deadlines can result in losing tax
An IRS bank levy is a serious action the IRS can take to collect unpaid taxes by freezing and seizing funds from your bank account.
Looking to understand land improvements and bonus depreciation? This guide explains how you can use bonus depreciation to save on taxes for your land enhancements.
Confused about taxes for the self-employed? This article breaks down what you need to know. We explain self-employment taxes, the rates for 2024 and 2025,
Managing finances can overwhelm restaurant owners, taking time away from core activities like serving customers and growing the business. Outsourcing restaurant accounting allows you to
Handling a homeowners association tax return and understanding tax filing requirements is a key responsibility for HOAs. Despite being non-profit, federal law requires HOAs to
Are you overwhelmed by tax debt? The IRS Fresh Start Tax Program offers relief options tailored to your needs. This article explains how you can
When you receive IRS certified mail, it means the IRS is informing you about important tax issues. This article covers why you might receive such
If you’re wondering about tax preparer rates in 2025, you’re not alone. Knowing what to expect can help you budget effectively for tax season. This
What is Forensic Accounting – And When Might You Need It? Forensic accounting is a critical field that merges accounting expertise with investigative prowess to
Accounting for ecommerce is crucial for online business success. In this guide, we’ll cover essential processes like tracking transactions, managing taxes, and handling inventory, and
Haven’t filed my taxes in 3 years? It’s essential to take action quickly to avoid severe penalties and legal issues. This article will guide you
What if an estate cannot pay taxes? When an estate lacks funds to cover taxes, the executor must manage the debts and work with the
Outsourced accounting is the practice of hiring third-party firms to handle your business’s accounting functions. A business accountant can help manage financial transactions, assist in
Running a trucking business involves unique financial challenges that require specialized solutions. This is where a Trucking CPA comes in. They help you navigate industry-specific
Portability is a term used in estate taxes and estate planning. It refers to the situation where a surviving spouse uses the deceased spouse’s unused
Want to lower your tax bill as a real estate agent? This guide covers essential realtor tax deductions like business expenses, home office costs, and
An amended return is necessary when you’ve made an error on your tax return, such as missing income or deductions. This guide will show you
Do you need LLC accountants for your business? These experts streamline your finances, tax obligations, ensure tax compliance, and help your business grow. They also
Need tax lien help? You’re not alone. This article explains what an IRS tax lien is and outlines practical steps to resolve it. Whether it’s
A tax audit can be challenging. Tax audit representation involves professionals guiding you through the audit, protecting your rights, and reducing financial risks. This article
Curious about how your Restricted Stock Units (RSUs) are taxed? RSU taxation happens when your RSUs vest, and understanding this process is key to managing
Should you classify a worker as an independent contractor or an employee? This crucial decision impacts taxes, legal responsibilities, and benefits. This article explains the
Tax season is here, and you’re probably wondering whether you should hire an Enrolled Agent (EA) or a Certified Public Accountant (CPA). Understanding the key
Accounting for law firms is critical to managing finances, ensuring compliance, and enhancing profitability. This article explores essential strategies, including setting up financial infrastructure, managing
An IRS Notice of Deficiency informs you that you owe additional taxes due to discrepancies in your tax return. This document, also known as a
What is IRS CP2000? IRS Notice CP2000 is one of the most common IRS letters that we see in our CPA practice. The IRS mails
Navigating taxes and finances as an independent contractor can be daunting. A CPA (Certified Public Accountant) helps manage these tasks efficiently, ensuring you maximize deductions
Are you dealing with canceled debt and wondering how insolvency affects your tax situation? Understanding insolvency for cancellation of debt is crucial for managing potential
Worried about who can take your federal tax refund? Federal and state agencies, as well as private creditors, may have the authority to seize it.
Innocent Spouse: Eligibility and Types of Relief Married couples usually file a joint tax return. They do this because joint tax returns generally offer greater
Managing short-term rental taxes can be complex. A short term rental CPA helps optimize your income and ensures you comply with tax laws. This article
The step up in basis at death is an important provision within the tax code that can benefit those inheriting assets. It resets the value
The IRS imposes civil penalties in many situations. Penalties are meant to act as a stick to motivate the public to comply voluntarily with the
What is an HRA? A Health Reimbursement Arrangement (HRA) is a type of employer-sponsored benefit plan that allows employers to provide tax-free reimbursement for medical
Bill.com is a cloud-based platform that simplifies bill payments, invoicing, and accounts payable for businesses by integrating with your accounting system. In this article, we
Owning an S Corporation means you have access to tax deductions for S corporations that can lower your taxable income. Understanding these deductions is key
The IRS increased the expense deduction for teachers by $50. While this is not earth shattering, at least it is a step in the right
As an S Corporation owner, maximizing your S Corp home office deduction and learning how to deduct home office expenses is essential. Understanding how these
Trusts manage and protect assets for beneficiaries and are taxed differently based on their type. Grantor and non-grantor trusts have unique tax implications for income,
Starting a business in Chicago? You’ll need to get a City of Chicago business license first. This guide covers everything you need to know, from
Want to avoid gift tax? This article will show you how. We’ll explore the annual gift tax exclusion, lifetime exemptions, and other effective strategies to
We regularly meet with clients of our accounting firm who owe taxes to the IRS that they cannot afford to pay due to a financial
The tax rules for rental real estate investors offer many tax advantages. Due in large part to the tax advantages, investing in real estate is
A tax strategist assists individuals and businesses to minimize their taxes. The tax plans that they develop are made to ensure that the client stays
Section 1031 Exchange for Real Estate Investors – The Basics of Replacement Property During a 1031 exchange, the IRS requires the use of a Qualified
Benefits and Considerations of Hiring Family Members Hiring family members can bring numerous benefits to a small business, making it a popular choice for many
Are you overwhelmed by tax debt and looking for a solution? An IRS offer in compromise (OIC) might be the lifeline you need. This program
Understanding Tax Debt Relief Tax debt relief refers to the various options available to individuals and businesses struggling to pay their tax obligations. The IRS
IRS Form 8300 is the form that businesses use to report the receipt of cash payments over $10,000. It applies to the purchase of both
A GA state tax lien is a legal claim on your property due to unpaid state taxes. This article will explain what a GA state
Need to verify a CPA license in Georgia? This guide covers everything you need to conduct a Georgia CPA license search. We’ll show you how
Understanding the IRS Statute of Limitations The IRS statute of limitations is an important concept for taxpayers to understand, as it determines the period during
Southern Hospitality: How Georgia Welcomes Businesses with Tax Credits and Incentives In the heart of the South, Georgia extends a warm embrace not only through
Hobby Loss Rules: Can You Deduct Hobby Expenses? The Internal Revenue Service (IRS) has specific rules regarding the deductibility of hobby expenses, known as the
Understanding the Divorce Process and Taxes The divorce process can be complex and emotionally challenging, and taxes are an essential aspect to consider. Understanding the
Wondering how to check your Georgia state tax refund status? This guide walks you through the process using the Georgia Tax Center portal, explains typical
Starting a business in Atlanta? The first step is getting a business license. This guide covers the types of licenses, required documents, application steps, fees,
Curious about what might trigger an IRS audit? This article delves into the key IRS audit triggers you should be mindful of. From discrepancies in
Does bankruptcy clear tax debt? It depends on the type of tax debt and specific conditions. This article will explain which tax debts can be
Exciting News!!! Massey and Company CPA has been recognized as the best CPA firm in Dunwoody in 2024 by Atlanta Best Media! Thank you for
Innocent spouse relief is an IRS tax provision that can protect you from your spouse’s incorrect tax filings. If you were unaware of errors on
Are HOA fees tax deductible? For many homeowners, the simple answer is no; HOA fees are generally considered personal expenses and are not considered tax
The Foreign Earned Income Exclusion (FEIE) allows you as a U.S. citizen working abroad to exclude up to $126,500 of your foreign-earned income from U.S.
The Augusta Rule Tax lets homeowners rent their properties for up to 14 days a year without reporting the income. This article will explain how
If you’re a business owner, understanding the tax code related to the tax write off for vehicles over 6000 lbs is crucial. This guide explains
An in-kind donation is a non-cash gift of goods or services to a nonprofit, reducing expenses and providing vital resources. In this article, we’ll explore
An IRS tax return transcript is a summary of key details from your tax return. Whether you need it for loan applications, financial aid, or
Leasehold improvements are changes made to rental properties to meet tenant needs. These can include new partitions, flooring, and fixtures. This article explores the benefits,
An IRS CP14 notice means you owe taxes to the IRS. This guide will explain why you got the notice and what you need to
What is a Single Member LLC? A Single Member LLC, or limited liability company, is a business structure that provides one owner with liability protection
Curious if Venmo, Zelle, Cash App, PayPal and other payment apps must report your personal transactions to the IRS? The short answer is no, payment
Yes, you can go to jail for not paying taxes or not filing a tax return, particularly in cases of tax evasion or fraud. The
W9 vs 1099: Understanding Differences for Contractors. Understanding W9 and 1099 forms is essential for both businesses and contractors, especially when considering the differences in
Form 843 allows you to request relief from IRS penalties, interest, and certain taxes. Whether you’re dealing with excessive withholding, penalties or errors, this guide
“AUDIT-PROOF” YOUR BUSINESS WITH ONLINE RECEIPT CAPTURE FROM QBO QuickBooks Online Receipt Capture is an essential feature that helps businesses easily manage and store their
How far back can the IRS audit your tax returns? Generally, it’s three years, but certain circumstances can extend this period to six or even
Nonprofit bookkeeping is crucial for ensuring financial transparency and compliance in organizations committed to a mission rather than profit. Unlike for-profit accounting, it requires careful
What is cost segregation? Cost segregation is a federal income tax strategy that allows property owners to accelerate depreciation deductions, ultimately enhancing cash flow and
Construction accounting involves unique practices such as job costing, revenue recognition and managing overhead costs that are specific to each project. For construction companies, understanding
Wondering if a real estate tax accountant can boost your investment returns and minimize taxes? In this article, we’ll show how these specialists handle complex
Divorce is hard enough without having to worry about taxes too. But taxes are inevitable. And a divorce adds a new layer of complication to
The Connection Between Immigration and Taxes Immigration and taxes have a lot to do with each other. In fact, taxation and immigration go hand in
How to Handle an IRS Tax Levy or Wage Garnishment Is there a difference between a tax levy and a garnishment? A federal tax levy
Filing taxes for a deceased person can be complex. This article explains how to file their final tax return, report income, and claim deductions. It
Sales tax audits are on the rise in most states. This is due to budget shortfalls of states across the country. In fact, state auditors
The IRS Appeals Process for collections began in 1998 with the IRS Restructuring and Reform Act. As a result of this law, taxpayers were no
IRS Audit: What to Know, What to Do in 2024 Taxpayers are selected for an IRS audit for a variety of reasons. Some taxpayers are
What is a Federal Tax Lien? A federal tax lien is the government’s legal claim against a taxpayer’s property when taxes are owed and the
How The Georgia Sales Tax Affects Your Business Sales tax is an important part of doing business in Georgia, particularly when it comes to tangible
Can You Get a Passport if you Owe Taxes? If you have unpaid federal tax debt, you may be in for a surprise. The State
An Individual Taxpayer Identification Number (ITIN) is a tax processing number issued by the Internal Revenue Service. The IRS issues ITINs to individuals who are
Received an LT38 notice? The IRS is resuming efforts to collect your overdue taxes. Immediate action is needed to avoid further penalties and interest. In
The United States and much of the world is turning from fossil fuels to alternative forms of energy. According to an August, 2023 article in
