Effective Tax Planning Starts Now!

07/31/2019

With summertime activities in full swing, tax planning is probably not on the top of your to-do list. But putting it off creates a problem at the end of the year when there’s little time for changes to take effect. If you take the time to plan now, you’ll have six months for your actions to make a difference on your 2019 tax return. Here are some ideas to get you started.

Know your upcoming tax breaks. Pull out your 2018 tax return and take a look at your income, deductions and credits. Ask yourself whether all these breaks will be available again this year. For example:

What You Need To Know About IRS Audits

07/19/2019

The IRS recently released its 2018 Data Book, including information on its audit activities for the last fiscal year. This details what you need to know regarding your audit risk, how to prepare for and what to expect in an IRS audit.

Know the facts:

  • An IRS audit is a review to ensure your tax filings are reported correctly according to tax laws.
  • Both individual and business tax returns can be audited.
  • The IRS won’t initiate an audit by telephone.

IRS Audit Statistics

Is a Franchise Right for You?

07/10/2019

From McDonald's to GI Tax, franchise businesses allow new entrepreneurs to open and run a company without having to start from zero. Marketing support and built-in brand awareness and processes ensure that you get up and running, positioned for success. Some of the most commonly asked franchising questions, along with their answers, are outlined below and can help you determine if this business model is right for you.

Is a Franchise Right for Me?

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