Breaking news! The IRS just announced they're delaying and revising the 1099K reporting changes that were supposed to go into effect starting this year 2023.

As you probably know, payment settlement entities were planning on issuing 1099K tax forms to individuals and online sellers who received $6...

Today, I’m summarizing what you absolutely must know about the new $600 form 1099-K rules. Now if you’re thinking… wait a minute… the IRS delayed this last year, I’ve heard Congress is working on increasing the limit to say $5,000 or even higher. 

Well, I would say that…  anything is possible. B...

Breaking News:  Anthony Farrer of the Timepiece Gentleman has been arrested by the FBI and is currently held without bail. IRS Criminal Investigations and Beverly Hills Police Department are also involved.

Here's a video where I share my thoughts and insights on how we got here with Anthony's ri...

If you're a small business owner who's been caught up in the Employee Retention Credit, or ERC, debacle, today's video is a must-watch for you. The IRS has just announced a new process that allows you to withdraw incorrect ERC claims. This is a potential life line. Let's dive right in!

What's Go...

Today, we've got some exciting news that could make tax season a little less stressful for many Americans. The IRS is planning to test a free online tax system in 13 states this upcoming tax season. It’s called the Direct File program. Let's dive into the details!

What is the Direct File Pilot P...

Hey there, small business owner! Do you dread tax season as much as I do? Even as a CPA, I've faced tax situations that made my head hurt. 

Today I'm revealing the Top 3 Tax Questions every small business owner absolutely needs to know. 

Just for reading my blog post, I have a special gift for ...

The IRS just made an unprecedented announcement. They’re moving fast, to protect the American taxpayer from scams, from these so called ERC or employee retention tax credit promoters.

If you didn’t know, this was the $26,000 tax credit for small businesses who kept employees on payroll during th...

So, you’re starting a business, and you’re probably overwhelmed by the choices from LLC, sole proprietorship, corporation, or partnership.

I’m here as a CPA to explain to you, and break down the pros and cons of each of these business types, and who they’re best for.

I’ll also share my #1 perso...

The IRS has been issuing warning after warning, on how ERC fraud is a huge problem. This is potentially a $2 trillion dollar fraud, according to Accounting Today!

Think of it this way… If the IRS has been defrauded by $2 trillion dollars, that’s our American tax money that’s just been stolen.

T...

Today, we're diving into something very important for all you business owners out there - the top 5 money mistakes small businesses make, and of course, how to avoid them.

So, the first money mistake that small businesses make is...

#1 – Not Having a Budget

Imagine going on a road trip without...

Fake IRS letters are going around again. I want to arm you with the information you need so that you never get scammed by a fake IRS letter.

I’ll provide a few examples, and after reading this blog post, you’ll have the information you need to never get tricked by an IRS scam letter.

Spotting a...

People are wondering about the ramifications of taxes with everything that’s going on with Anthony Farrer of the Timepiece Gentleman.

I don’t know if he is or he isn’t filing his tax returns and paying his taxes, but he probably isn’t. The question is...

Can Anthony Farrer Go to Jail for Not Pa...