by somichcpa | Nov 21, 2020 | Uncategorized
With 30-year fixed rate mortgages approaching historical lows of 3%, you may be thinking about refinancing an existing mortgage. But you better read the fine print before signing on the dotted line to avoid paying too much money. Here are some common mistakes...
by somichcpa | Nov 14, 2020 | Uncategorized
You may have started your business as a simple sole proprietorship that files its taxes as a Schedule C on your Form 1040. As your business grows, you may want to change the structure. Here are several scenarios where it may make sense to do just that. Reasons to...
by somichcpa | Nov 10, 2020 | Uncategorized
Action to take now! Now is a good time to assess your current situation and address those lingering tax moves that may improve your tax picture for 2020. Here are five things to consider: 1. Check on your withholdings. Review your taxable income and the amount of tax...
by somichcpa | Apr 6, 2020 | Uncategorized
Here’s what you need to know about stimulus payment processing in order to protect yourself from scammers:Be alert for phone scams The Internal Revenue Service (IRS), Treasury Department, or any other government agency will not contact you by phone to collect...
by somichcpa | Oct 24, 2019 | Uncategorized
Each year the IRS opens thousands of investigations looking for possible tax fraud. In 2017 alone, the Criminal Investigation (CI) arm of the IRS identified $2.5 billion in potential tax fraud with a 91.5 percent conviction rate. While the IRS takes tax fraud...
by somichcpa | Oct 1, 2019 | Financial Planning, Individual Taxes, Uncategorized
With the school year underway, suddenly the realization sets in that graduation isn’t too far away for high school seniors. Here are five things each graduate should understand before their big graduation day: Debt needs to be managed carefully.It is way too...
