Category Archives: Business Extension

E-file Tax Extension with No Stress

What is an Electronic Tax Extension? An electronic tax extension, is a process in which people are able to file for an extension on their tax deadline and complete their taxes online. E-filing tax extensions are a viable alternative besides …

Posted in Business Extension, State Extensions | Tagged , | Comments Off on E-file Tax Extension with No Stress

Investment Gains/Losses Tax Tips

Many people do not truly understand the wide-ranging scope of capital gains and losses in relation to investments. While most of us understand that investments in the stock market or bonds are considered eligible for capital gains/loss implications for our …

Posted in Business Extension, Support | Tagged , | Comments Off on Investment Gains/Losses Tax Tips

What is a Business Tax Extension?

The IRS permits taxpayers to request an extension of time to file their annual income tax return. To apply for a business tax extension, you must submit the application (Form 7004) to the IRS. Business extensions are a bit more …

Posted in Business Extension, Support | Tagged , | Comments Off on What is a Business Tax Extension?

Small Business Tax Tips – How to File an Extension for Your Income Tax Return

There is little more stressful in the world of small business than tax time. There’s always that hesitation – do you hire an accountant, or do it yourself to save money? You can make the argument that hiring an accountant …

Posted in Business Extension | Tagged , | Comments Off on Small Business Tax Tips – How to File an Extension for Your Income Tax Return

When to Hire a Tax Consultant

For individuals with complicated lives, major changes in their income or investment portfolios, or those with small businesses, hiring a tax professional is sometimes a necessity. If you are trying to decide whether a tax consultant is worth it, consider …

Posted in Business Extension, Personal Extension | Tagged , | Comments Off on When to Hire a Tax Consultant

How to Get a Business Tax Extension?

A tax extension is not just for your personal taxes. Businesses, of all sizes, may also file for a tax extension if they require more time to file their taxes. However, if you are unsure how to go about this, …

Posted in Business Extension | Tagged , | Comments Off on How to Get a Business Tax Extension?

Internet Sales & Taxes

Probably one of the most confusing aspects for auction sellers and online retailers is their tax liability and responsibility for selling online. Whether you are a hobbyist/crafter selling on Etsy, or a small to medium enterprise selling online across multiple …

Posted in Business Extension, State Extensions | Tagged , | Comments Off on Internet Sales & Taxes

Best Accounting Software for Tax Purposes

One of the hardest decisions any business owner makes will be choosing which accounting software to use. This question can get even more difficult when you try to determine the software that’s also best for your tax preparation needs. Let’s …

Posted in Business Extension, State Extensions | Tagged , | Comments Off on Best Accounting Software for Tax Purposes

Will the Affordable Care Act affect my Taxes?

The short answer is possibly. There are various provisions within the Affordable Care Act (described below) to help you determine if your situation will result in a tax increase or decrease. The goal of the ACA is to provide affordable …

Posted in Business Extension, Personal Extension | Tagged , | Comments Off on Will the Affordable Care Act affect my Taxes?

Understanding Bad Debt Deductions

Being able to claim deductions for your personal or business tax return ultimately lowers your overall tax liability. Besides items like mortgage interest for an individual or expenses for a business, there is also a bad debt deduction for business …

Posted in Business Extension, Support | Tagged , | Comments Off on Understanding Bad Debt Deductions