May 196 minA Story of Tax Court(Part 2 of Tax Court) Special Note: As of this post, May 19, 2020, Tax Court trials are on hold until July 3rd. In addition, all mail is being held right now...
May 54 minThe Business Tax Basics You Need to Know“Why are tax laws so confusing?” We get that question a lot! With all of the different types of businesses, industries, and situations, the tax code can be a...
Apr 283 minBusiness Tax Payment Options for the IRSLast week, we talked about individual payment options with the IRS. Today, we talk about payment plan options if you’re a business. Practical Accounting Solu...
Mar 312 minTax Resources for COVID-19Can you believe it has been a whole week since our last post? While the days seem to go by slowly, it also seems that new developments happen at the speed of...
Mar 245 minBreaking down the Families First Coronavirus Response ActWe live in an unprecedented time where we are charting new and unknown waters. As new legislation is introduced and passed, it’s important (albeit, difficult...
Mar 173 minFinancial Planning for EmergenciesWith the Coronavirus at the forefront of news channels and more, we want to talk about preparing financially for emergencies. Please note, we are not disease...
Mar 103 minTaxing CryptocurrencyWelcome to the future where money can be completely digital! When Bitcoin was first introduced in 2009, fractions of pennies could buy you tons of Bitcoin. T...
Feb 253 minA Quick Guide to Household EmployeesHave you recently hired your first household employee? Not too long ago, it was normal to have someone to help with simple tasks around the house like childc...
Nov 11, 20193 minBreak-Even Analysis for Your Small BusinessAs a business owner, you’ve probably heard the break-even equation countless times. Revenues = Costs, Profit = 0, you get the picture. Break-even is often us...
Oct 28, 20192 minActivity-Based Costing: Is it right for me?ABS is as easy as 1-2-3! Is Activity-Based Costing right for you?
Jul 22, 20192 minAre You Ready for Retirement?Although tax season is over, Practical Accounting Solutions is still keeping busy! We wanted to give you an exclusive first look at our upcoming event: Get R...
Jul 15, 20194 minPaying for College? Here are a few extra ways to save!We are proud of our children and we want the very best for them! We support their choices as they grow up and face the world. However, if your child is going...
Feb 12, 20172 minIRS Hit by Identity Thieves AgainIdentity Thieves The IRS was the target of identity thieves for the third time in the past year. Due to these breaches should the IRS put additional safeguar...
