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Outsourcing Tax Preparation Helps You Beat Tax Deadlines

by Currence in April 10th, 2009   

Tax preparation, defined simply, is the act of preparing and filing of tax returns for individuals and Corporations with State and Federal Government. Pertinent information, especially all liabilities, deductions and exemptions for taxation, is given by the taxpayer to a government tax collecting agency. As a rule, individuals and organizations want to pay their taxes [...]

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Tips to a Successful Tax Return

by Currence in April 10th, 2009   
Topics: Tax     Tags: , ,

Having the right team of advisors is critical to achieving your financial goals faster than you ever thought possible. For most people, taxes are the single biggest expense. This makes finding the right tax preparer for your team extremely important.
HOW DO YOU FIND A TAX PREPARER THAT IS RIGHT FOR YOU?
First, not all tax preparers [...]

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Tax return outsourcing - How to do it Right ?

by Currence in April 10th, 2009   
Topics: Tax     Tags: , ,

With deadlines and penalties hanging over our heads, tax return preparation is indeed a scary thought. Governments impose penalties for late filing of tax returns. Tax fraud is punished even more severely. But sorting out tax codes, balancing tax liabilities with exemptions and deductions and making accurate calculations can be a real headache. If tax [...]

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How the new Tax law can help your Business

by Currence in April 10th, 2009   
Topics: Tax     Tags: ,

Congress recently passed the Economic Stimulus Act of 2008. It’s designed to inject $152 billion into the U.S economy. What does this mean to you?
If you own a business, your business can take advantage of two tax breaks: Increased Section 179 Amounts and Bonus Depreciation.
You could be one of the 130 million taxpayers who will [...]

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Unreported Income (IRS) - Criminal Penalties - Tax Preparers

by Currence in April 10th, 2009   
Topics: Tax     Tags: , ,

Clients, with unreported income, may subject tax preparers to criminal penalties, fines, costs of prosecution and up to 10 years imprisonment (2 felonies, 2 misdemeanors):

Any person who willfully attempts in any manner to evade or defeat any tax or payment of any tax imposed by the Code is guilty of a felony. A person convicted [...]

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