• Corporate Transparency Act

    Corporate Transparency Act

    Beneficial Ownership Information Reporting Requirement Starting January 1, 2024, a significant number of businesses will be required to comply with the Corporate Transparency Act (“CTA). The CTA was enacted into law as part of the National Defense Act for Fiscal Year 2021. The CTA requires the disclosure of the beneficial ownership information (otherwise known as…

  • Back-to-School Reminder for Teachers

    Back-to-School Reminder for Teachers

    The Educator Expense Deduction can help offset out-of-pocket classroom costs The Educator Expense Deduction lets eligible teachers and administrators deduct part of the cost of technology, supplies and training from their taxes. They can claim this deduction only for expenses that weren’t reimbursed by their employer, a grant or other sources. Who is an eligible…

  • IRS Alternative Dispute Resolution Program

    IRS Alternative Dispute Resolution Program

    IRS Independent Office of Appeals forms Alternative Dispute Resolution Program Management Office   WASHINGTON —The Internal Revenue Service Independent Office of Appeals today announced the formation of a new Alternative Dispute Resolution Program Management Office. This office will collaborate with the IRS Business Operating Divisions to help taxpayers resolve tax disputes earlier and more efficiently.   …

  • Office Closed Until Next Monday

    Office Closed Until Next Monday

    We will reopen Monday April 22nd at 9:00 am.

  • Tax Season Comes to an End

    Tax Season Comes to an End

    As we close out our 2023 Tax Filing Season, we reflect on two important records that we broke this year. As of Saturday April 13, we had prepared 2,205 tax returns. My good friend Richard Burns was the 2,205 tax filing. 2,205 Tax Filings in 10 Weeks was a Record, we also set a Telephone…

  • The Life of a Small Business Owner

    The Life of a Small Business Owner

    Weighing the Pros and Cons In the dynamic world of entrepreneurship, being a small business owner stands as a testament to resilience, creativity, and the relentless pursuit of dreams. It’s a path that offers unparalleled freedom and the opportunity to make a direct impact on your community and industry. However, this journey is not without…

  • Filing Your First Income Tax Return

    Filing Your First Income Tax Return

    Filing your first income tax return can seem like a daunting task, especially for recent college graduates who are new to the workforce. The process involves understanding tax forms, figuring out your filing status, and potentially dealing with student loan interest deductions. However, with a step-by-step approach and an understanding of the resources available, this…

  • Document Exchange

    Document Exchange

    The Postal Service is the LEAST SECURE method of exchanging documents. Today is Monday April 8th and I just had to respond to a client inquiry because we mailed a package to him on April 3rd and it has not yet made the trip from Arab to Huntsville. It is true that all mail that…

  • We Want to File Your Taxes

    We Want to File Your Taxes

    Although we are out of appointment slots, we can still file your taxes. Call the office and ask for us to file an extension. We will review your file and call you to discuss if we think you should pay an estimate electronically by direct debit with the extension. We had more than 1,000 calls…