The chart below is a good summary of the differences between popular business entity options. Business Entity Comparison Chart
Author: Hunter CPA
IRS Facts about Filing & Paying Late
April 15 is the tax day deadline for most people. If you’re due a refund there’s no penalty if you file a late tax return. But if you owe taxes…
The Earned Income Credit
The number of returns claiming the Earned Income Tax Credit (EITC) has grown in recent years, but that doesn’t mean it that taxpayers understand the complexity of it. The earned…
Top Reasons to File Your Taxes Early
Every April, many taxpayers wait until the last minute to file their federal income tax returns, whether from taking more time to find and organize their documents or from simple…
What You Can Learn From Your Tax Return
Tax time may be over, but before you store your return in the attic, take a moment to review it. According to the Michigan Association of CPAs, you’ll find that…
Record Retention Guide
Clients are always calling our office asking how long we recommend they keep their financial records. Keeping good personal and business records is helpful for many reasons besides just taxes,…