Some tax situations require an original “wet” signature instead of electronic filing. This typically occurs when: Filing certain amended returns (Form 1040X) Submitting specific schedules that can’t be e-filed Meeting IRS requirements for particular circumstances on your 1120S or 1040 Why You Must Sign It Yourself The IRS requires your personal signature on these documents. […]
What You Need to Know If you own an S Corporation (S-Corp), the annual federal tax filing deadline is March 15. S-Corps don’t pay federal income taxes directly. Instead, profits and losses pass through to the owners’ personal tax returns, where they are reported and taxed. This allows for potential tax savings but also means
Extension time: What to do on the March 15 S-corp tax deadline Read More »
Extension time: Your Apr 15 responsibilities as a taxpayer Many of our customers file their taxes by Apr 15. Many file an extension and finish their taxes by the extended deadline on Oct 15, six months later, too. There is no “right” way to do it. What is required is that the IRS be kept
When it comes to accounting software, we’ve long recommended Wave for its simplicity, speed, and excellent value. For many business owners with straightforward needs, Wave offers features that rival or exceed QuickBooks at a fraction of the cost. Wave works particularly well if you primarily bill clients for services and your annual business revenue stays
Texas businesses have long been familiar with the annual requirement of filing franchise tax reports. However, recent changes in regulations have eliminated this obligation for many businesses. Despite this, one crucial document that continues to hold significance is the Public Information Report (PIR). Maintaining TransparencyThe Public Information Report serves as a tool for upholding transparency
Public Information Reports in Texas: Beyond Franchise Tax Reports Read More »
Accountable plans help businesses to optimize their tax footprint, especially for home office deductions. What is an accountable plan? It allows for the reimbursement of legitimate business expenses incurred with personal funds. Think home office setups, mobile phone bills, and even mileage. The key factor? Reimbursements are tax-free for the employee and deductible for the company.
A new wave of bank accounts caters specifically to businesses like yours, making it easier than ever to stay organized and efficient. If you’re like I was for many years, you may be using the first business bank account you saw in an advertisement, or the bank you’ve used for personal banking. As our businesses
Streamlining Finances: Bookkeeper-Friendly Banks for Your Practice Read More »
