The Worst Case Scenario: What Happens if You Settle With the IRS
When it comes to your taxes, you have three options: 1) pay what you owe, 2) file for an extension or 3) settle with the IRS. So…which one should you choose? If you’re considering settling with the IRS, you need to be aware of the consequences. This post will outline the worst-case scenario if […]
Make Tax Day a Breeze With This Simple Checklist
Tax season is definitely not my favourite time of year. In fact, it’s probably up there with root canals and jury duty as one of the least fun things I can think of. But it doesn’t have to be a total nightmare. If you have a plan and a checklist, it makes the process a […]
Filing Business Taxes: The Ultimate Guide to Financial Software
As an accounting firm with a focus on small businesses, we’re often asked about the best financial software for filing business taxes. There’s no simple answer, as the software you need depends on the size and complexity of your business. But we can give you a general overview of the most popular options and help […]
Can Filing for Bankruptcy Make Your Tax Debt Go Away?
So you’re struggling under the weight of massive tax debt. You’ve tried to negotiate with the IRS, but they’re not budging. You can’t keep up with the payments, and you’re starting to feel hopeless. You may be wondering if bankruptcy is an option for you. And the answer is: it depends. Bankruptcy can help you […]
