2011 Changes to 1099 Reporting Requirements
Posted on 24. Feb, 2011 by Jo Hagan, CPA in Small Business Taxes
We’re watching this issue closely for you in case there are new developments, but as of now you need to be carefully track all payments made in the course of doing business. If things stay as they are, you may be required to file a lot more 1099s and other informational returns for 2011.
1099s Required for Payments [...]
Need Help With Your Business Taxes In The Jacksonville Area?
Posted on 20. Jan, 2011 by Jo Hagan, CPA in Small Business Taxes
It’s that time of year again…the time that often strikes dread in the heart of small business owners everywhere…tax season!
Tax season is often a stressful time for small business owners. It doesn’t have to be–with the right accountant and right planning, tax season can be navigated smoothly and seamlessly. Are you prepared?
If you are in [...]
Facing and Repairing Your Credit Score: Part 2
Posted on 02. Dec, 2010 by Jo Hagan, CPA in Credit Scores
As we continue our discussion of facing and repairing your credit score, below you will find a list of items you can do to help improve your score.
Pay bills on time and more than the minimum required balance.
Use credit regularly, but keep the balance low compared to the limit. It’s better to have two balances [...]
Facing and Repairing Your Credit Score: Part 1
Posted on 18. Nov, 2010 by Jo Hagan, CPA in Credit Scores
As the slow economy continues to drag on, it seems appropriate to review the different types of credit scores and how to handle the financial challenges that are now a common part of life. Credit scores not only affect the ability to obtain a loan, it also affects the interest rate you are eligible for, [...]
IRS Installment Agreements
Posted on 03. Nov, 2010 by Jo Hagan, CPA in Filing Taxes
There seems to be confusion about when and how an installment agreement with the IRS works. The IRS is required to enter into an installment agreement if
The total amount owed is less than $10,000.00 – that is the tax due without considering interest and penalties.
If the person requesting the installment hasn’t failed to file [...]
Tax Issues When Caring for an Aging Parent
Posted on 24. Oct, 2010 by Jo Hagan, CPA in IRS Generated Tax Returns
There’s nothing more stressful than caring for your parent while juggling the everyday demands of caring for your children, business, spouse, pets, on and on. Unfortunately, items get neglected and one of the easiest to ignore is taxes. Uncle Sam moves slowly, so it’s easy to ignore that aspect when everything else is crashing down.
Let [...]
The IRS Has Calculated Your Tax for You: What Now?
Posted on 05. Feb, 2010 by Jo Hagan, CPA in Small Business Taxes
More and more, I’m hearing from people when they receive the dreaded notice from the IRS. Usually, they know it’s coming. It’s just a matter of time.
The notice goes something like this: we haven’t received your return for _______ (you fill in the year), therefore, we have calculated the amount of tax you owe. Please [...]
Have You Received a Notice from the IRS?
Posted on 13. Jan, 2009 by Jo Hagan, CPA in Small Business Taxes
One of the most ominous things that can happen is when you get that envelope in the mail. You know the one I’m talking about… it’s clear that it’s from the IRS and you know it’s not a refund check!
If you’ve gotten something from the IRS and don’t know what to do… or if you [...]