by Folasade Ayegbusi | Sep 12, 2022 | Tax
5 Reasons You Should Back Up Your Tax Records Now Recently, the IRS reminded taxpayers about the National Preparedness Month (September). It highlighted reasons for backing up tax records, especially now since some parts of the country will be vulnerable to natural...
by Folasade Ayegbusi | Jun 17, 2022 | Tax
IRS Releases 2022 Dirty Dozen Scams: Here is our summary of these findings. Every year, the IRS observes the most rampant tax scams. These dominate attempts by taxpayers to avoid paying taxes required of them. The IRS calls these tax scams the “dirty dozen.” In 2022,...
by Folasade Ayegbusi | May 13, 2022 | Tax
5 Ways You are Cheating on Your Taxes Tax cheats are rampant across the country. Unscrupulous tax professionals make the situation worse because they advise their clients to take shortcuts and cheat the IRS. This is a dangerous practice because many people are getting...
by Folasade Ayegbusi | Apr 29, 2022 | Accounting, Tax
6 Things to Use to Measure Your Financial Literacy Financial literacy is a growing subject worldwide, and for a good reason. It is the panacea for poverty in previously sidelined communities. Gone are the days of waiting for reparations alone without the financial...
by Folasade Ayegbusi | Apr 21, 2022 | Tax
Virginia Enacts New Pass-Through Entity Tax Legislation: What does this mean? How are pass-through entities taxed? A pass-through entity (PTE) is a status that a business chooses for tax purposes. Therefore, a business elects to be taxed as a PTE. However, not every...
