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amended tax return

A crumpled IRS envelope with a seal showing the cost of late taxes and penalties.

The Real Cost of Missing the Tax Deadline: Penalties, Interest, and Lost Profits

By Accounting, Blog, Bookkeeping, IRS, Tax Deductions, Tax Strategy, Taxes No Comments
You started your business to pursue a passion, to build wealth, and to gain freedom. You probably didn’t start it because you love organizing receipts or reconciling bank statements on a Friday night. But here is the hard truth we tell clients all the time: When you decided to become a business owner, you made a commitment to have accurate books. Most business owners treat…
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how to file taxes for the first time

How to File Taxes for the First Time (Without Screwing Up)

By Cash Management, Taxes No Comments
Learning how to file taxes for the first time can feel like a mystery no one prepared you for. Acronyms, deductions, credits, deadlines… It's no wonder most people just cross their fingers and hope TurboTax doesn’t ask too many questions. Unless you majored in accounting or took it upon yourself to study the IRS website (we don’t recommend it), chances are you’re piecing together what…
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