IRS FOCUS IS SHIFTING, ARE YOU IN THE CROSSHAIRS!
Well hello! We focus on resolving tax issues in Eastern Prince William County and throughout the lower Northern Virginia area. The Internal Revenue Service’s (IRS) intends to shift its focus toward high-income individuals, wealthy taxpayers, and complex pass-through entities as part of its efforts to improve tax compliance. This shift is being funded through the […]
BE WARNED ACROSS THE U.S., STATES ARE ON THE RAMPAGE!
Well hello! We focus on resolving tax issues in Eastern Prince William County and throughout the lower Northern Virginia area. We’ve become numb to the fact that state and cities report budget deficit or shortfalls with regularity. Unfortunately for the average taxpayer, the states don’t take it lying down. We live in a time when more […]
TAX PLANNING STRATEGIES FOR SMALL BUSINESSES: MAXIMIZING DEDUCTIONS AND MINIMIZING LIABILITY
Tax planning is a critical aspect of running a small business. For entrepreneurs and small business owners, navigating the complex landscape of taxation can be a daunting task. However, with careful planning and a strategic approach, it’s possible to maximize deductions and minimize tax liability, ultimately retaining more of your hard-earned profits. In this blog, […]
UNDERSTANDING IRS AUDITS: A COMPREHENSIVE GUIDE FOR TAXPAYERS
IRS audits can be a daunting prospect for any taxpayer. However, knowledge is your best defense. Tax season, with all its complexities and uncertainties, often feels like a daunting journey through a dense forest, full of hidden pitfalls and traps. Just when you think you’ve reached the clearing, you hear the faintest rustling of leaves—IRS audits. […]
YEAR-END TAX TIPS: GETTING YOUR FINANCES IN ORDER BEFORE THE DEADLINE
As the year draws to a close, it’s crucial for individuals and businesses to take proactive steps to optimize their finances and minimize their tax liability. At BR Accounting and Tax Service. I understand the importance of year-end tax planning, and in this blog, we’ll provide you with a comprehensive guide to getting your finances […]
TAX FILING SEASON WILL OFFICIALLY BEGIN ON MONDAY, JAN. 29, 2024!
Well hello! We focus on resolving tax issues in Eastern Prince William County and throughout the lower Northern Virginia area. Tax filing season will officially begin on Monday, Jan. 29, 2024. The Internal Revenue Service made the announcement on Monday, 1/9/24. The agency will start accepting and processing tax returns that day, and the IRS is […]