Paying taxes is never a fun task, so let's make the process as seamless and easy as possible. This article provides an overview of the ways to pay federal taxes for a wide variety of reasons.

Please note that all tax payments to the IRS are typically considered personal tax payments unless they are for a C-Corp, payroll taxes or other more rare taxes on S-Corporations and partnerships. Thus, if you are making payments associated with your income tax return, it is considered a personal tax payment even if you have business income.

Do estimated taxes confuse you? Don't worry, you are not alone. We’ll do our best to clear up the confusion.

Hearing some people talk about it, there is no downside to rental real estate: monthly passive income, asset appreciation, tax deductions, and you own a real tangible asset. While these are all potential benefits, just like any other type of investing it isn’t all roses. You need to do your homework.

Your mind starts racing with possibilities: call customers to see if they can pay early, contact your bank for a line of credit, contact suppliers to see if they’ll extend their terms. While these options are good short-term solutions (if they are successful), they won’t necessarily prevent you from finding yourself in a cash crunch in the future.

Sounds too good to be true, right? I’ve always been a skeptic at heart, but this time it's true! It doesn’t involve dishonesty or shady tactics either. It is 100% legitimate and written in IRS code. So, what’s the catch? Let’s dig in.

One common pitfall of businesses is to equate profitability with available cash. Sure, profitability can translate into available cash and healthy cash flow, but this isn’t always the case. We’ll look at an example.

If you are like most Americans, you are concerned about the recent Equifax data breach. If you haven't already, go to the FTC website to determine what steps you should take to protect your identity and your savings.

In light of this development, we thought it would be helpful to share some of the most common tax scams so you can keep your personal and tax information confidential.

One of the most common, and potentially contentious, questions that has come up during my 15 years as an accountant is determining whether someone should be classified as an independent contractor or an employee. On the surface this may seem like an innocuous decision, but an incorrect classification, and the resulting IRS penalties, can be devastating to a business. In this post, we’ll delve deeper into this murky area to help you and your business avoid costly mistakes.

Small business owners can find themselves in a bad spot if they haven't done their tax homework or sought out professional advice. Given the IRS's recent increase in penalties for 1099s, today's blog post is devoted to keeping you in compliance so you don't have any unfortunate (and costly) surprises.