by Folasade Ayegbusi | Sep 29, 2022 | Business Goals
3 Common IRS Audit Red Flags Explained The IRS always gets its attention drawn to certain tax returns by a number of red flags. Some of them are minor and can be ignored, some are moderate and require a simple verification while other red flags require an audit. In...
by Folasade Ayegbusi | Sep 25, 2022 | Bookkeeping
3 Common Problems of Bad Bookkeeping and their Solutions Over my several years of experience helping small businesses with their accounting and taxes, I realized there was an alarming rate of neglect regarding bookkeeping. Some small businesses don’t have bookkeeping...
by Folasade Ayegbusi | Sep 20, 2022 | Business Goals
3 Most Common IRS Penalties you Should Watch Out for Each tax year, the IRS charges various penalties for various offenses committed by taxpayers. These penalties fall into different categories, which should tell us rampant or common tax offenses that are committed by...
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 | Sep 2, 2022 | Business Goals, Tax
This is How the Inflation Reduction Act Will Affect Some of You. The Inflation Reduction Act introduces or repackages various tax reforms for many groups. Some reforms will affect/benefit businesses, but some will also affect/benefit individual taxpayers....
