With the IRS changing tax laws more than taxpayers can keep up with, tax return mistakes are inevitable when filing your taxes. Your mistakes will either cause you to underpay or overpay on your taxes. But, don’t fear, there … Read More
Tax-Related identity theft: What to look for and how to stay safe
The IRS continues to warn people of tax-related identity theft scams, especially regarding your personal financial and tax information. With these types of theft cases continuing to rise every year, it’s crucial to stay up to date on the latest … Read More
The Tax Gap: Who is at fault and how do we close it?
Did you know roughly 99% of taxes due on wages are paid to the IRS, but compliance on other sources of income is only estimated to be about 45%? The IRS has definitely discovered that Americans are most likely only … Read More
Bookkeeping Tips for Small Business Owners
As a small business owner, you usually end up wearing a lot of hats. One day you might be the CFO and another day you might be an HR recruiter. While this can be stressful and time consuming, it’s also … Read More
We Provide Business Accounting and Tax Prep Services All Under One Roof!
Here at Emerald Financial Partners we’re ready to serve you and your business with all of the tax and business accounting services you need all under one roof! As a full-service CPA and business tax accounting firm we’re able to
The IRS backlog and what it means for taxpayers
According to the Government Accountability Office and the Taxpayer Advocate Service, the IRS is not keeping up with paper tax returns. The COVID-19 pandemic has definitely played a factor in this as last year’s tax season was in full swing … Read More
IRS Delays Tax Filing Deadline to May 17: What To Know And How We Can Help!
Due to an overwhelming amount of pandemic-related tax changes, the IRS has decided to extend the tax filing deadline to May 17. This delay is necessary as many Americans will need the flexibility and time to gather what they need … Read More
Owe Additional Tax? Read These Tips On How To Use Reasonable Cause
Finding out that you have tax penalties from the IRS might be scary at first, but before you get worried, do your research and remember you have options; reasonable cause being one of them.
Reasonable cause is based on the … Read More
The REAL Numbers When It Comes To Marketing…
It's easy to get lazy when a business can pick the low hanging fruit available in an easy marketplace.
Markets shrink, funding dries up, prospects aren't as easily found, or profitability margins decrease. So what do you do? Many business
Small Business Health Quiz (Part 2)
Regardless of national events, or where things are with PPP and EIDL loans — as a business owner, it’s important that you take a REGULAR, clear-eyed look at the underlying legal and financial foundations of your business.
I started with … Read More