While some people simply use a concierge accounting service (CPA) when they file their taxes, others tap into broader services. Here, the accounting company works with you more closely on a rolling basis—you don't just use them when your taxes are due. But, what are the advantages of signing up for a CPA?
1. Get Personalized Financial Help
If you use a CPA to file you
- The Internal Revenue Service (IRS) imposes tax rates based on the amount of income the taxpayer earns. When it comes to relief for tax penalties, what is available to the taxpayer is also dependent on a specific value—how much is owed. The first threshold for back taxes comes at around $50,000. For debts owed under this amount, with prompt action, there are several op
- It never feels good to owe money to someone, but it feels especially stressful when the debtor is the Internal Revenue Service (IRS). While most people earnestly want to settle their debt, there is sometimes a fear of approaching the situation due to a lack of financial resources. However, this worry should never hold you back. It does not matter your financial situat
- If you have had an unexpected problem with your taxes as a business owner, and the IRS has caught up with you, there is no need to panic. The problem is not uncommon, and there is a painless solution. You just need to hire a tax professional to carry out an internal audit and help you figure out the extent of your problem. Here are three pro tips and guidelines for a
- A 1031 tax-deferred exchange is an excellent way to delay the payment of capital gains on the sale of your property. The number 1031 refers to a section of the tax code of the Internal Revenue Service. However, it is not as simple as it reads, but it is an excellent way to delay paying taxes. And although it is not a good idea for all real estate investors, it may be