Want to learn more about organizing your business finances? These days, it's never been easier, thanks to software like QuickBooks.
We offer a wide variety of QuickBooks services, including setup and training, that can help your business operate more smoothly and securely.
(515) 986-5843 | desmoines-tax.com
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If you’ve been using cryptocurrency, but not paying taxes on its related transactions, you’re not alone. You’re also not compliant with IRS regulations, which could catch up with you someday. The agency may penalize you unless you can prove “reasonable cause.” Since 2014, the IRS has considered cryptocurrency to be property. Taxpayers are required to report transactions involving virtual currency as US dollars on their tax returns, which means they must determine its fair market value as of the transaction date.
(515) 986-5843 | desmoines-tax.com
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Claiming too many allowances may get you into trouble at tax time — you could be hit with a huge tax bill AND a penalty. Yikes! On the other hand, if you overpay each month, you’re essentially giving the federal government an interest-free loan. That money would be better used in your hands, which is why it’s important to talk to a tax professional. With expert guidance, you’ll find the right balance for your lifestyle and financial needs.
(515) 986-5843 | desmoines-tax.com
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It can be a sinking feeling to look at your tax paperwork after you file and realize that you still owe Uncle Sam a significant amount of money. Don't get stuck with an unexpected tax bill next year. Let us help you figure out your withholding so that you can keep your money, and not be left owing the IRS at the end of the year.
(515) 986-5843 | desmoines-tax.com
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Don’t trust the IRS with your hard-earned money. 9 out of 10 times, the IRS is wrong. They don’t have all the information for an accurate return. It benefits you to check in with a professional tax preparer, to make sure they don’t miss anything. Give Accounting & Tax Professionals a call, and make sure you’re getting the most out of your returns.
(515) 986-5843 | desmoines-tax.com
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Your income is taxed in the year you receive it, not the year you earn it. So, if you have the opportunity to defer any income into next year, it might make sense to do so, if cutting your tax liability is important to you.
(515) 986-5843 | desmoines-tax.com
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Is your financial situation dire? Are you considering bankruptcy? Before you make that choice, be sure to consult with our team first. At Accounting & Tax Professionals, we care about your financial wellness!
(515) 986-5843 | desmoines-tax.com
Tax Brackets Explained: A tax bracket shows what % of your income goes toward taxes. As a taxpayer and for personal financial planning, it is important to know what tax bracket you are in. As the fiscal year enters the last quarter, pay attention to how your tax bracket affects your 2020 taxes.
(515) 986-5843 | desmoines-tax.com
We aren’t just for individuals, we can help your business too! Since accounting takes valuable time away from running a business, let us help with monthly or quarterly accounting services, bank reconciliation, balance sheets, consultations, and more!
(515) 986-5843 | desmoines-tax.com
Online banking is a great option not only for everyday convenience, but also when it comes time to file your taxes. It saves you the time of going through receipts and records, which makes tax time that much less of a hassle.
(515) 986-5843 | desmoines-tax.com
Want to save on taxes for 2020? A great tax tip is contributing more to your retirement account when you are able. Not only will it ensure financial security in the future, but it may also increase your tax return!
(515) 986-5843 | desmoines-tax.com
Did you know your income gets taxed in the year you receive it, not the year you earn it? If you’re going to get a year-end bonus, you might consider asking to receive that bonus until the calendar flips over. This could give you an advantage when it comes to being close between two tax brackets.
(515) 986-5843 | desmoines-tax.com
Already thinking about 2020 taxes? Withholding rates and more have changed in recent years, so it’s best to consult with a professional throughout the year. That’s where we come in.
(515) 986-5843 | desmoines-tax.com
It is imperative that you are keeping good records. If you don’t keep receipts or records throughout the year, you may not be able to maximize your tax returns. Start this practice now, and you’ll be thanking yourself come tax season.
(515) 986-5843 | desmoines-tax.com
A common credit score myth is that if you check your own credit score, it will go down. Checking your own credit is a form of soft inquiry, and even if you check your credit report every day, it won't affect your score at all. Click here for more credit score myths busted! https://1l.ink/B2DLNV4
(515) 986-5843 | desmoines-tax.com
There are many aspects of payroll, from ensuring your employees are paid the correct amount, to making on-time payments. Our advice is to leave payroll to the professionals, so you can focus on growing your business.
(515) 986-5843 | desmoines-tax.com
Do you have an aging parent? The need for assistance with older adults’ investments, taxes, and retirement planning is becoming a more urgent priority for countless families. If you’re overwhelmed, Accounting & Tax Professionals can help ease the burden and make sure your older relatives are prepared for any financial hurdle to come.
(515) 986-5843 | desmoines-tax.com
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Have you heard of Economic Impact Payments? The IRS has made new recommendations for 2021 — but don't worry! We can make sure you're getting all the breaks you're eligible for this spring.
(515) 986-5843 | desmoines-tax.com
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Worried about the IRS? We can represent you or your business in any IRS dispute. We will take care of every aspect of any audit you might encounter, which allows you to worry about the things that matter most to you and your business.
(515) 986-5843 | desmoines-tax.com
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As the end of the year approaches, make sure you’ve made the most of your tax breaks and solutions. At Accounting and Tax Professionals, we can help you keep your hard-earned money in your pocket.
(515) 986-5843 | desmoines-tax.com
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Small-business owners know the importance of accounting for every penny.
The most difficult part of doing your own taxes is the uncertainty! We take guesswork out of the equation. Trust us with your tax, accounting and bookkeeping needs. (515) 986-5843 | desmoines-tax.com
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Happy Thanksgiving, everyone!!