tax season, taxes, countdown, list

2016 Tax Season Countdown: February

Tax, Tax Preparation

Want a stress-free tax season? Here’s the stuff you need to do and when you need to do it.   My mom used to always grumble when Christmas advertisements showed up a week before Thanksgiving. “They’re ruining the holiday,” she said. I remember thinking Um, you’re crazy…who doesn’t want to think about Christmas as soon as possible?!…

7 Things You Need to Know About Filing a Federal Tax Extension

Tax, Tax Preparation

If you don’t have your taxes completed by the April 15th deadline, the IRS has a provision to file an extension using Form  4868. This gives you an automatic six-month extension to complete your return. People will usually file a Federal Tax Extension for one of two reasons: They haven’t collected all their paperwork and…

The What, Why, and How of a Chart of Accounts

Unless you are well-versed in the accounting and financial world, the concept of a “chart of accounts,” may be new to you. It really is not that difficult. Essentially, a chart of accounts is a list of categories for your various business accounts: cash and equity, assets and liabilities, income and expenses. Keeping the chart...