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Individual Tax Tips

Tax Return Red Flags for Schedule C Filers

In the complex landscape of business taxes, Schedule C expenses and entity optimization hold significant weight. Proper documentation and reconciliation, guided by a trusted accounting professional, are more than just best practices – they are vital for audit prevention and ensuring a successful financial trajectory. Why Is This So Important? Specific scenarios increase the likelihood […]

Important Update: IRS Focus on High-Net-Worth Individuals and Pass-Throughs

We wanted to bring your attention to a recent development that may be of interest to you as a high-net-worth individual or a pass-through entity. The IRS has shifted its focus towards high-net-worth individuals and pass-through entities, aiming to enhance compliance and enforcement in this area. This change in focus may have implications for your […]

Important IRS Enforcement Update – Let’s stay compliant together!

September is off to a strong start for us and as usual, we are staying busy with the upcoming tax deadline! We wanted to bring to your attention a recent announcement from the IRS regarding their updated enforcement priorities. This information is crucial for all taxpayers, and we’re here to assist you in navigating these […]