by Folasade Ayegbusi | Aug 23, 2024 | Accounting, Bookkeeping, IRS Updates, Tax, Tax Compliance
IRS Issued Key Updates This Week: What You Need to Know to Save Money and Stay Compliant The IRS dropped several important updates over the past week, and whether you’re a taxpayer, a business owner, or an employer, these announcements can directly impact your...
by Folasade Ayegbusi | Aug 9, 2024 | Audit Proofing, IRS Audit, IRS Tax Audits, Tax, Tax Mistakes
5 Common Tax Mistakes That Could Trigger an Audit — And How to Avoid Them When it comes to taxes, the last thing any business owner wants is to receive that dreaded letter from the IRS announcing an audit. While audits are relatively rare, certain red flags can...
by Folasade Ayegbusi | May 31, 2024 | Accounting, Finances, NFTs and Taxes, Tax
Dissecting the New Treasury NFT Risk Assessment: Essential Tax Advice for Digital Asset Holders In a significant development for the digital asset community, the U.S. Department of the Treasury has released its first-ever Non-fungible Token (NFT) Illicit...
by Folasade Ayegbusi | May 16, 2024 | Accounting, Accounting Best Practices, Finances, Small Business Owner, Tax
Self-Employment Tax: A Survival Guide from Your Friendly Accountant Hey there, fellow go-getters! Folasade here, your friendly neighborhood accountant (and yes, IRS Enrolled Agent, too!) with over a decade of experience navigating the wonderful world of...
by Folasade Ayegbusi | May 4, 2024 | Accounting, Tax
You Filed Your Taxes… Now What? Why Smart Tax Planning is a Year-Round Endeavor Congratulations! You’ve conquered tax season, the W-2s are filed, and the stress (hopefully) has subsided. But while filing your taxes might feel like a yearly rite of passage,...
by Folasade Ayegbusi | Apr 27, 2024 | Accounting, Business Growth, Tax
The Silent Crime: How Embezzlement is Crippling Businesses and Breaking Trust Have you ever dreamt of starting your own business? Being your own boss, calling the shots, and watching your venture flourish? But what if that dream turned into a nightmare? What if the...
