Whether you’re an individual, startup, small business, or a large corporation, our CPAs and staff are here to serve you and provide exceptional accounting services for you and your company.
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The Myths and Facts Behind IRS Representation
- February 28, 2023
- Posted by: Smith & Smith
- Category: IRS Representation
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Do you know the truth about IRS representation? Are you aware of the myths surrounding it? Knowing the facts can help you understand your rights and make the most of them. In this blog, we will discuss the myths and facts behind IRS representation – so that you have all the information you need to
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Everything You Need to Know About Financial Projections
- February 27, 2023
- Posted by: Smith & Smith
- Category: financial projections Arlington Dallas
Financial projections are an essential part of any business plan and provide key insights into the feasibility of a venture. Having clear and accurate financial projections can help you make sound decisions, evaluate risks and manage your money. In this blog, we explore everything you need to know about financial projections. Financial projections are estimates
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Bookkeeping Mistakes That Have To Be Avoided
- February 24, 2023
- Posted by: Smith & Smith
- Category: Bookkeeping Service
Bookkeeping Mistakes that Have to be Avoided Doing bookkeeping is an unavoidable task for any business. It is the organization and tracking of financial information for a company. Unfortunately, some businesses make mistakes in their bookkeeping that could have been avoided. This article will discuss the 5 most common bookkeeping mistakes that need to be
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Estate Planning Lessons from the Professionals
- February 13, 2023
- Posted by: Smith & Smith
- Category: Estate Planning for Individuals
Estate Planning Lessons from the Professionals Estate planning is one of the most important steps that any individual can take in their lifetime. By carefully creating a plan for how you want your assets distributed when you pass away, you will ensure that your wishes are respected and that those closest to you receive what
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How an IRS Representative can be beneficial for you?
- August 25, 2021
- Posted by: Smith & Smith
- Category: IRS Audit, IRS Representation
Keeping track of all your taxable assets can be tough, and it is normal to make mistakes. If you are being audited by the IRS, you should not be discouraged. What you require is qualified, experienced IRS representation to advise you on the best course of action. IRS Description Every taxpayer has the right to
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Tax Relief for Taxpayers in Hurricane Harvey has been Promulgated by IRS
- October 27, 2017
- Posted by: Smith & Smith
- Category: IRS Representation
IRS offers tax relief to the taxpayers who were affected by Hurricane Harvey. The people who have been affected by this storm have been given an extension period until January 31, 2018 to file business tax returns and make tax payments. The period of tax relief originally granted to them October 16 and the business extensions
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What You Need to Know About the New Appropriation Bill
- June 8, 2017
- Posted by: Smith & Smith
- Category: IRS Representation
The Consolidated Appropriations Act, 2017, H.R. 244, has been officially passed by Congress on Thursday on a 79-18 vote. This bill provides the funding for the federal government throughout the rest of its fiscal or financial year.
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Pave the Way to a Productive, Penalty Free Company
- May 18, 2017
- Posted by: Smith & Smith
- Category: Blog
Running a small business or even a large company can be a daunting task. Below are examples of common payroll mistakes that businesses make and the best ways to avoid them.
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Inflation Adjustments for Tax Provisions for the 2016-17 Year
- November 28, 2016
- Posted by: Smith & Smith
- Category: Tax System
The IRS had announced the inflation adjustments for the tax year 2016-17 back in the closing months of last year. Now that the time has come to prepare your taxes, let us review these adjustments. Tax Brackets for 2016-17 These brackets have been in effect as of January 1, 2016. These values are needed to
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Income for Businesses and Changes in Accounting Methods
- November 15, 2016
- Posted by: Smith & Smith
- Category: IRS Representation
The IRS released modifications to their automatic accounting methods (Rev. Proc. 2016-29) on May 5, 2016. This change allows the List of Automatic Changes permitted to be filed under Rev. Proc. 2015-13, and replaces the Rev. Proc. 2015-14 guidance, which contained the current list of automatic changes. Listing the Major Changes that can Affect Income
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