Small Business Financials

People often talk about the tax breaks that come with getting married — but that doesn’t mean unmarried people are out of luck when it comes to getting the most back on their taxes. In fact, there are several reasons why a single filing status may come in handy during tax refund season. To celebrate Singles Awareness Day, we’ve put together four useful tax benefits for single taxpayers to look forward to in tax year 2021. 1. You have less paperwork to file Since your marital status often correlates with your tax filing status, marking yourself as “single” on your dating apps and tax forms usually means your life is less complicated — in more ways than one. You only need to worry about your own tax preparation as a single filer. There’s no waiting around for your spouse’s employer to finally mail their W-2 or the chance of your partner accidentally tossing an important tax form in the garbage (let’s face it, this happens to the best of us!). Once you have all your necessary forms...

You worked hard in 2021. It’s time to step back and let our CPAs and tax experts do the hard work for you this tax season. There’s no need to spend time finding a reputable online accountant to do your taxes for you. It doesn’t matter if you are a new home owner, a busy investor, or just don’t feel comfortable e-filing your own state or federal tax return. We’ve got you covered. This year we’re offering taxpayers an all-new online tax preparation software: TaxAct ® Xpert Full Service . Just upload your information, schedule a quick call (typically 30 minutes or less), and let a tax professional take it from there! How does this brand-new tax preparation service work? It only takes three simple steps. Quick and easy signup process No pain. All gain. When you use Xpert Full Service SM , we’ll walk you through a simple three-step process: Start your tax prep by selecting your income type and uploading your tax forms to get started. Once you upload your documents, we’ll pair yo...

Filing your taxes for the first time can be intimidating. There’s a good chance you’ve heard people complain about having to file their taxes in the past, so it’s normal to be feeling a little apprehensive. But don’t stress! Filing taxes for the first time isn’t nearly as complicated as you might think. Most first-time tax filers don’t have overly complicated finances, which means you just need to learn a few tax filing basics to get started. To help you out, we’ve come up with six useful tips to help you crush your first tax season. 1. Start collecting tax information early One of the biggest frustrations of filing your taxes is locating the necessary documents and receipts you received throughout the year. When you suddenly can’t remember where you put the receipt for those medical expenses you had last summer, preparing your taxes quickly becomes a stressful task. Taking a little extra time to plan ahead can make your life a lot easier! You don’t need an elaborate filing sy...

It’s everyone’s favorite time of year — tax filing season. Let’s be real, nobody likes doing their taxes. That’s precisely why many taxpayers opt to pay a tax professional to file their tax forms rather than doing it themselves. Online tax services may be convenient, but many people prefer to have an expert prepare their returns for peace of mind. So what if we said you could easily prepare and file online yourself and   then add a service to have a qualified tax expert available to look over your federal tax return and answer all your questions … included for free ? Sound too good to be true? Think again! This year, we’re setting ourselves apart from the rest by offering TaxAct® Xpert Assist at no extra charge for a limited time. 1 Here’s what you’ll get when this free tax service is added to your TaxAct return: 1. Advice from real CPAs and other tax experts Professional tax help without the high price tag? Check. With Xpert Assist℠, you can e-file online with confidence...

It’s everyone’s favorite time of year — tax filing season. Let’s be real, nobody likes doing their taxes. That’s precisely why many taxpayers opt to pay a tax professional to file their tax forms rather than doing it themselves. Online tax services may be convenient, but many people prefer to have an expert So what if we said you could easily prepare and file online yourself and then add a service to have a qualified tax expert available to look over your federal tax return and answer all your questions … included for free ? Sound too good to be true? Think again! This year, we’re setting ourselves apart from the rest by offering TaxAct® Xpert Assist at no extra charge for a limited time. 1 Here’s what you’ll get when  this free tax service is added to your TaxAct return: 1. Advice from real CPAs and other tax experts Professional tax help without the high price tag? Check. With Xpert Assist℠, you can e-file online with confidence thanks to free assistance from real tax ...

If you waited several months to receive your tax refund last year, you aren’t alone. In November of 2020, the IRS still had millions of tax returns left to process, meaning millions of taxpayers didn’t get their 2020 tax refunds until almost the end of 2021. We know your tax refund can be one of the biggest checks you receive during the year, and you rely on getting that money back in a timely fashion. So, what happened last year? And can this situation be avoided when it comes to getting your 2021 tax refund? Let’s go over the basics of what happened in 2020. While we’re at it, we’ll also give you some tips on how to make sure you receive your tax refund as quickly as possible during the 2021 tax season. Why did some 2020 tax refunds take so long? The short answer: tax changes caused by the pandemic. The long answer: It’s no secret that many businesses across the country are dealing with staff shortages and budget cuts brought about by the coronavirus pandemic. The Internal Re...

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