As a solo attorney, you have a lot to do – from serving clients to running your practice. One task that should never be overlooked is filing tax returns for your law firm. Incomplete or inaccurate returns can lead to an IRS audit, which can be time-consuming, expensive, and stressful. In this blog post, we’ll...Read More
The IRS allows an extension to individual taxpayers, businesses, and estates that need more time to file their taxes. Taxpayers requesting a tax extension get an additional six months to file their returns. However, it is important to note that deferring payment without paying what you owe could result in interest charges and fees from...Read More
Many startup founders still view hiring an accountant as an unnecessary expense. In reality, the benefits of hiring an accountant exceed the costs. Accounting is difficult. If you try to manage business finance yourself, you will likely make a grave error that can invite legal trouble for your startup and affect its financial health. An...Read More
An estate tax is levied by the federal or state government on estates whose values exceed a certain amount. The tax is to be paid by the person who inherits the assets in the estate. It is estimated that taxable estates usually pay one-sixth of their value in tax.Read More
The average inflation rate in the USA was a whopping 4.7% last year, i.e., 2021. When inflation is a concern, many investors will shy away from the financial markets.Read More
