IRS Form 1095—What Is It And Do You Need One?

As you prepare to file your 2022 income taxes, gathering the right documents is one of your biggest tasks. One document you may receive—or need to track down—is Form 1095. What is this form and where do you get it? And how does it affect your taxes? Here's what every American taxpayer needs to know. What Is Form 1095? Form 1095 is a relatively recent addition to the tax world. It's an informational form that is issued by health insurance providers to inform taxpayers of their health care coverage for the year. [Read More]

Small Businesses Should Check For These 4 Problems Now

Small business bookkeeping can create lots of headaches. Regardless of how minor or terrible the issues might be, though, you need to get on top of them as soon as possible. You should check now for bookkeeping concerns in these four parts of your small business.  Recording and Classifying Expenses It is close to impossible to know the state of a business if you don't record and correctly classify expenses. Even if you're unsure how to record expenses, start doing the work now. [Read More]

Why Would You Need Tax Planning Services As A Young Professional?

You may not think you need tax planning services as a young professional. After all, you're just starting out in your career and don't have a lot of income or assets. But the fact is, tax planning is important at any stage of life. Here are some reasons you should consider working with a tax planning service as a young professional. 1. You May Be Filing Taxes for the First Time [Read More]

What Makes A CPA Different?

If you are looking for someone to help with your accounting, reporting, and tax filing, you might be thinking about working with a local accounting firm or possibly retaining the services of a CPA. However, have you ever really understood what makes that CPA designation so important? Before you choose who to trust with your accounting records and reporting, you should understand what sets a CPA apart from the rest of the industry. [Read More]