The start of the New Year marks the beginning of the IRS informational reporting season that will keep most business owner’s heads spinning. None are overbearing or difficult unless, of course, you don’t get them right the first time. Failure to correctly file W-2...
Here at One River CPAs, we’re already looking forward to next tax season! While we’ll try to enjoy the beautiful Maine summer weather, we’re always thinking of taxes. We have some good news and bad news. The good news is: partnership returns will be due March 15...
If you read my last blog on Getting Organized for Tax Time, you remember that over 150,000,000 Americans will file a tax return this year. Tax preparers and software vendors will dominate advertising space over the next few months. They want to convince you that...
“…in this world nothing can be said to be certain, except death and taxes.” Benjamin Franklin. Though Mr. Franklin understood clearly that paying taxes was a certainty, he could not have imagined just how complex tax filing would become. The U.S. tax code is a...
Kudos to congress for passing legislation and protecting the timber industry from a bevy of tax increases. Importantly, the Act extends, and in some cases makes permanent, many provisions that will allow businesses more tax savings opportunities. The PATH act, signed...
You always file all of your payroll reports when they are due, and you know they’re right because you always send in what QuickBooks generates for you, right? So why are you receiving love letters from the IRS?
One of the most frequent questions I receive during tax season is “Can I deduct expenses for my home office?”
