Although the IRS only audits 1% of all tax returns processed, being audited by the IRS is still a huge fear of both taxpayers and business owners. While there are many factors that can increase your chance of being audited, if legitimate, it’s important to make sure that everything is properly documented if the IRS[…]
Read MoreWith the end of summer and start of the school year, determining what expenses qualify for the Child and Dependent Care Credit can save you money come tax time. The Child and Dependent Care Credit applies to expenses incurred for the care of a child, spouse, or dependent while you (and spouse if filing jointly)[…]
Read MoreBeing an entrepreneur of a successful business is a great achievement. However, according to multiple business sources, about 90 percent of startups fail. There are many reasons why businesses fail, but there are also ways to help prevent the collapse of your business. Poor accounting is a major problem among many startups. Typically, this type of accounting leads[…]
Read MoreWhen first launching a small business, one key aspect of longterm success is financial stability and having a system in place for managing cash flow. Many small businesses now accept various forms of payment for products and services offered. As a small business owner, you should consider multiple payment options in order to gain more consumers[…]
Read MorePositioning yourself as an early tax filer offers much greater benefits than waiting until the last minute to file taxes. At Verdeja, De Armas & Trujillo, LLC, our Miami accounting firm has provided you with a list of why filing your taxes early is beneficial for you and your business. 1. More Time is Provided to[…]
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