If you own taxes to the IRS, you’re likely overwhelmed with feelings of embarrassment and anxiety. Once you begin owing back taxes, it’s hard to know where to even begin with paying them back. You might be struggling to find money to pay them, or you’re unsure the steps you should take back financial control of your life. Don’t let these five misconceptions about back taxes keep you from taking action!
Read MoreWhether you are an individual worker looking over retirement plans offered by your employer, or a small business owner considering the choices you will present to your own employees, a solid retirement plan is key. Giving your employees options to help them save for retirement adds value to your company and shows you care about […]
Read MoreEarning an MBA is a great educational achievement for anyone to accomplish. However, this achievement comes with hard work, dedication, and a hefty tuition and expense bill. As an experienced NYC tax accountant for small business owners and individuals, I have a few ways to assist my clients in claiming deductions and credits for tuition […]
Read MoreFor small business owners, tax time can become a confusing nightmare if they haven’t stayed organized or don’t have the right professionals by their side. Hiring a professional with small business experience is a great way to avoid the headache of filing your own taxes and possibly making a mistake. As an established NYC small business accounting firm, we’ve seen many owners make several mistakes that have cost them big-time. Here are three of the most common and dangerous mistakes we’ve seen business owners make on their taxes.
Read MoreAs an experienced NYC small business accountant, I know the date that every American has ingrained in their head for tax preparation. April 15th has been identified for decades as “Tax Day” and with this day approaching quickly, you better have your paperwork in line. Although April 15th is always synonymous with finishing up that tax filing, this is not the date to mark on your calendar this year.
Read MoreThere are over a million international students and counting in the United States. If you are an international student and receive income from U.S. sources, you could be required to file an income tax return. This process can be more complicated than the average return for an American citizen or green card holder. Here are […]
Read MoreIf you have past due tax returns, you could be accruing interest that could rack up your tax bill astronomically. It is important to consult with a full-service tax and accounting firm that specializes in back taxes in order to get back on track. If you have skipped a tax return or know you owe […]
Read MoreIf you are not using a full-service tax and accounting firm that specializes in New York State personal income taxes, a mistake on your return can easily happen. Here at 212 Tax & Accounting Services, we have specialists in place who can help find mistakes that taxpayers frequently make on their personal income taxes. We […]
Read MoreWith the dramatic election and recent chatter of leaving the United States, many citizens are interested in learning more about what it means to renounce citizenship with this country. It’s important to know the tax requirements for expatriates and the procedure for legally leaving the country before making an informed decision.
Read MoreI think that an outsourced CFO can help you grow faster and make more money because they’ll give you a different perspective of your business from an inside and outside point of view. An outsourced CFO is often more aware of the timelines and an adviser that is actually part of the team. If you […]
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