There’s never an off-season when it comes to scammers and thieves who want to trick people to scam them out of money, steal their personal information, or talk them into engaging in questionable behavior with their taxes. While scam attempts typically peak during tax season, taxpayers need to remain vigilant all year long. For example, […]
Working Remotely could affect your taxes
When COVID-19 struck last March, employers quickly switched to a work-from-home model for their employees, many of whom began working in a state other than the one in which their office was located. While some workers have returned to their offices, many have not. If you’re working remotely from a location in a different state […]
What you need to know when you select a Tax Preparer.
HAPPY NEW YEAR!!! I hope everyone has had a safe and enjoyable Holiday Season. Tax Season is upon us and I thought for the first Tip of the New Year it should be How to Select a Tax Preparer. I have seen some crazy things over the years regarding taxes and I have narrowed it […]
Online Tax Preparation
FILE ONLINE TAX RETURN NOW Online Tax Preparation While the Southfield Tax Preparation experts at Tax Professionals Inc. can prepare your tax returns from start to finish, some of our clients prefer online tax preparation. We offer easy-to-understand online tax filing through our website. You can file both Federal and State returns with a few […]
Year end Tax Planning Strategies for Business Owners
Several end-of-year tax planning strategies are available to business owners that can be used to reduce their tax liability. Let’s take a look: Deferring Income Businesses using the cash method of accounting can defer income into 2021 by delaying end-of-year invoices so that payment is not received until 2021. Businesses using the accrual method can […]
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