Tax Smart Advisors Blog
Accounting and tax tips, updates and the latest news for small business owners and individuals.
Beware the Ghosts of Tax Seasons Past: Common Tax Mistakes That Could Haunt You
It’s not just ghouls and goblins that can frighten you during the spooky season - your past tax mistakes can also come back to haunt you. Unfortunately, if not properly addressed, tax errors can linger for years causing you unwanted headaches and stress worrying about...
Get Ahead of the Game: Essential Fall Financial Tasks for Small Business Tax Prep
Summer’s winding down and fall’s just around the corner, making the seasonal change the perfect opportunity to start preparing your small business for tax season. Sure, the leaves haven't started to change yet but that doesn’t mean you can’t get a head start on...
Expert Accounting Software Training Services for Small Business Owners
As a small business owner, you understand the importance of efficiently managing your business's finances and having up-to-date snapshots of your financials available when you need them to make decisions. Without the right accounting software, this task can be tedious...
From Overwhelmed to Empowered: How Accounting Software Consulting Can Help Your Small Business Grow
As a small business owner, you’ve excitedly watched your business dream evolve into the rewarding venture it is today. At some point along your journey of growing your business, you’ve probably realized that there’s a lot that comes with running a business, particularly the complexities of financial management that can quickly become overwhelming, such as bookkeeping and accounting.
The IRS Dirty Dozen: What They Are & What to Watch For
Every year, the Internal Revenue Service (IRS) releases its "Dirty Dozen" list, which lists the most prevalent tax scams and schemes that taxpayers should be wary of. These scams come in various forms, from phishing emails to fake charities, and they can lead to...
Navigating Tax Deadlines and Extensions for Small Businesses in 2024
As a small business owner, navigating tax deadlines and requirements can be overwhelming - especially when you're juggling so many responsibilities already. Staying on top of those deadlines is essential to avoid penalties and maintain compliance with the latest tax...
From Paperwork to Peace of Mind: Your Comprehensive Guide to Personal Tax Prep
As we head into tax season, you may be starting to navigate the intricate landscape of tax preparation. Avoiding taxes is not an option, but making the process as stress-free as possible is. If you're already working with a tax accountant, chances are you've likely...
The Corporate Transparency Act & What It Means For Your Business
Enacted in 2021, the Corporate Transparency Act (CTA) was signed into law with the goal of enhancing corporate transparency and mitigating the misuse of anonymous shell companies for illicit activities such as money laundering, fraud and tax evasion. By requiring...
Tax Planning: Why It’s Important to Plan Before the End of the Year
As we head toward the final months of 2023, how many of us are thinking about Thanksgiving, family gatherings and planning for the year ahead? Okay, now how many are thinking about year-end tax planning? While it may not be nearly as exciting as your upcoming holiday...
Why Is Bookkeeping Important For Small Businesses?
As a small business owner, bookkeeping may be one of your least favorite tasks but it's certainly one of your most important. Without up-to-date books, you lack a clear picture of your company's financial position. Most important business decisions are (or should be)...