Tax Accounting Information Center

If you have independent contractors, you may have heard some buzz about a new Form 1099-NEC replacing the 1099-MISC. 

Like clockwork, as we approach the end of the year, people’s minds turn toward charitable contributions either to aid causes they’re passionate about, for the tax deduction, or both.  This year...

Ah, credentials. Enrolled Agent (EA). Certified Public Accountant (CPA). Certifications require time and effort but result in coveted letters at the end of a professional title. But to those outside...

There is a time and place you need to ask your CPA. Let’s explore the best reasons why.

Following along as we share how to avoid the three most common tax penalties and fines.

The Complete Visual Guide to The Business Life Cycle – Tax Time CPAs

Can I deduct that? This is a question we hear from new and seasoned business owners alike. Being unaware of how to separate business vs. personal expenses or trying to get creative with the...

Whether you’re just getting started or are a seasoned business owner, deciding when to hire a bookkeeper is challenging. Many business owners must wear all hats when they plunge into entrepreneurship. 

It’s time! It’s tax planning season once again here at Tax Time CPAs! We’ve finished with last year’s taxes officially. Goodbye, extended tax season, Hello 2020… ugh… 2020… At Tax Time CPAs, we...

The entity choices available in the United States can feel overwhelming, especially when you’re just getting started with a new business. We’ll walk through a high-level overview of some of the legal and tax pros and cons of each entity type.