Bookkeeping strategies, tips and a little tax planning can greatly decrease the painful stress many taxpayers endure during tax season. In our previous blog, we opened the topic of the stress caused by tax season, and how to alleviate it. Better bookkeeping and a new mindset for a financial organization were the heart of that blog [...]
We are still hearing sighs of relief that tax season 2017 is over. “Now we all look forward to a Stress-free 2018 Tax Season,” said no person ever! Unlike many of our blogs, this article is going back to basics, to some simple planning precepts. Some of them, you may already know and follow. However, every [...]
Taxpayers who tried to file and pay online were stunned on April 17. As they attempted to file and pay online, an IRS message greeted them: "This service is temporarily unavailable. We are working to resolve the issue. Please come back later and try again, or you can visit the Make a Payment page for alternative payment [...]
Tax refund and the joy it brings are a hot topic in Sanford at the moment. Of course, we must warn last-minute tax filers that you can’t spend a tax refund if you haven’t filed your returns. We hope you accomplish filing your return before 4-17-18 arrives. We are here to help. Currently, we at AP [...]
Spring has sprung. And either a family celebration or a Spiritual obligation, or both await you at the end of the workweek. Thus, we at AP Accounting sends you spring greetings and holiday messages of happiness. Family and friends will meet, greet and feast. Fun will be had by all. Children will find many hidden eggs. [...]
The Tax Deadline is a fact of life. Today’s procrastination can transform into tomorrow’s tax fraud. The April 17 Deadline is about to descend on us. The cut-off for filing is less than a month away. Yet some taxpayers are still avoiding the inevitable. As we recently heard one millennial say to his Dad, “Pay [...]
Scam warnings from the IRS are red hot right now. Now scam artists are targeting your entire tax return. The IRS says the "entire tax preparation community must be on high alert this filing season..." Their reasoning is as obvious as last year's news; we must take extra care to protect our data "because of [...]
Deductions have really changed under the new Tax Code. Two Roads Symbolize Two Big Choices in Filing Income Tax: Taking the Standard Deduction or itemizing in spite of the new Laws? We are more enthralled with this phenomenon than with the new tax brackets and rates. In any tax year, you face a [...]
Bitcoin and how to pay taxes on it is one of the biggest tax issues of the season. We are answering Bitcoin questions from anxious cryptocurrency owners just about 24/7 at AP Accounting and Tax Services here in Sanford, Florida. Do I Really Need to Pay Taxes on My Bitcoins? Cryptocurrency & Bitcoin Experts: [...]
Many of us know about the recent tax law passing known as the Tax Cuts and Jobs Act of 2017. The tax law will change but will not impact your 2017 tax return filings but will impact your 2018 tax return filings next tax season. It is important to understand some of the key differences [...]
