Blog Full Width

7 Commonly Overlooked Tax Deductions During tax season, everyone wants to pay the least amount of taxes, and if possible get a tax refund in return. Unfortunately, many people end up paying more than they have to, simply because they weren’t aware of all the tax deductions that they are entitled to. Here are seven deductions that are commonly overlooked: Education Credits– The Lifetime Learning credit can give taxpayers up to $2,000 in tax credits. Individuals may be eligible if they have taken classes or courses for continuing education purposes, and their employer’s do not reimburse them for the costs. […]

Reduce Your IRS Penalties – First-Time Penalty Abatement Waiver Has the IRS charged you with a penalty relating to filing or paying your taxes? Have you always been compliant with the IRS in past years? If the answer is yes to both of these questions, than there may be a way for you to get your IRS penalty reduced or abated. The First-Time Penalty Abatement Waiver (FTA) was created 13 years ago by the IRS to help administer the consistent and fair abatement of penalties, reward past compliance, and promote future compliance. The FTA can be used by first-time non-compliant […]

The Benefits of Hiring a Tax Professional There are many benefits to hiring a tax professional rather than attempting to do your taxes on your own. Tax return preparation can be a complicated process and a professional can take care of that burden for you. Here are some of the many benefits that a tax professional can provide: Save Time and Money– Using a tax preparation specialist will undoubtedly help you save both time and money. For someone who is unfamiliar with tax practices, it can take an extremely long time to figure out what information the IRS is asking […]

Come find us on Thumbtack! We help clients with tax preparation and accounting in Miami and all around South Florida. Whether your an individual who needs tax preparation services in Miami or a business owner who needs payroll, tax preparation, or bookkeeping services in Miami, we are here to help! We offer a free consultation to help you make your decision! Bookkeeping

Friday was officially the first day of tax season, and unfortunately, scammers are already looking for their next victim. The IRS is warning all taxpayers to be cautious and keep their personal information protected throughout this tax season. According to the IRS, the biggest threat for tax fraud this year is identity theft. Identity theft occurs when someone uses your social security number or other identifying information, without your knowledge, to commit crimes in your name. During tax season, the most common fraud occurs when an individual steals someone’s identity, and then falsely files a return in their name, to […]