*March 20, 2020* The deadlines to FILE and PAY federal income taxes are extended to July 15, 2020 In response to the COVID-19 coronavirus crisis, the IRS has temporarily closed all Taxpayer Assistance Centers and discontinued face-to-face service throughout the country until further notice. The 2019 income tax filing and payment deadlines for all taxpayers who file and pay […]
Learn the common mistakes small business owners make on their taxes that end up costing them money and increasing their risk of audits so you know how to avoid them this tax season.
Are you familiar with the latest changes to the tax code? Read our guide for 2019 tax updates and learn how these changes could affect you.
Learn the difference between combined financial statements and consolidated financial statements and which ones you may need for your business!
Accounting can be difficult to understand if you don’t have a formal education in the field, especially when it comes to audits. Often times transaction audits and internal audits are used interchangeably, but they are actually two completely different things. Our team of trained professionals at C.E. Thorn, CPA, PLLC will help educate you on […]
Ridesharing services have become an increasingly popular means of transportation for many. Learn if you can deduct these expenses off of your taxes.
After many changes were made with the 2018 Tax Reform, many people ask if they are still able to deduct their tax prep fees. In this blog, we discuss whether or not you are able to deduct these fees.
Summer is coming to a close, and the school year is quickly approaching. While teachers are excitedly awaiting the return of their students to the classroom, there are a few things that can cause anxiety. One of these things is having to spend money out of pocket to ensure their students have the best tools […]
It’s the hottest time of the year, and we’re all looking forward to our vacations! While tax season is still months away, it is important to keep taxes a top priority as you move forward with the year. Here are a couple of tips for taxes in the summer. Summer Jobs If you are a […]
If you’re a small business owner, you’ve probably thought about expanding your business at some point. For many business owners, that means going from a sole proprietorship to an LLC, which is a big undertaking. You don’t have to figure everything out on your own, though. A small business accountant can provide services beyond bookkeeping […]