3 Things to Know if You Start a Consultant Business & Aren't Sure How to File Taxes

If you started working as a sales consultant for the first time, on top of your regular occupation, and you have no idea how to report your earnings, it's time to consider getting a tax preparation expert to help. There are a lot of things that can come up that could cause you to get audited, and you want to make sure that you don't end up with legal problems because you didn't file your taxes properly. [Read More]

3 Bad Small Business Bookkeeping Habits To Avoid This Year

If you run your own business, keeping your books is vital to keeping your business running and afloat. Here are three bad bookkeeping habits that you should work hard to avoid this year. #1 Doing Your Books Yourself If you do not have financial training on how to do accounting, there is a good chance that you are making a lot of small mistakes with your books. If you want to avoid making small and big mistakes with your books, it can be worth it to hire a professional bookkeeper or accountant to work on your books for you. [Read More]

The Real "Red Alerts" When It Comes To Getting Audited

For the most part, even a certified public accountant can't tell you when you're going to get audited. The Internal Revenue Service has an extraordinary wealth of data that is intended to alert them to potential red flags. But many of the things that people suspect could lead to an audit are actually completely harmless or a nonissue. There are only a few real red alerts when it comes to being audited. [Read More]

Expats! Forgot To File Your Taxes Or FBAR Forms? You May Still Be Able To File And Avoid Penalties!

When you are living abroad, you have a lot to think about, whether you have moved to another country for business purposes or pleasure. Your taxes are likely furthest from your mind. Even though you are not currently living in the United States, you are still a US citizen, and as such, you still have an obligation to file your yearly income tax returns, as well as your FBAR (Report of Foreign Bank and Financial Accounts Report) forms. [Read More]