Zerfing W Richard

What Can a CPA Do that a Regular Accountant Can’t?

What can a CPA do that a regular accountant can’t? That’s what we’d like to address today.

Five guys committed a $13 million tax fraud. Here’s how much prison time they’ll do

Miami-Dade residents Jamal Dyer, Jorge Osorio-Rodriguez, Tramaine Sealy, Jonathan Edwards and Daniel Murias each have been sentenced to do federal prison time after pleading guilty to a $13 million tax fraud

What Are Account Detail Types in Quickbooks?

If you’re planning to keep track of your business’s financial records using Quickbooks, you’ll need to familiarize yourself with the accounting software’s detail types. Whenever you create an account in Quickbooks — expense account, income account, liability account, etc. — you’ll be prompted to choose a detail type. It’s important that you choose the right detail type because this will affect the subcategory in which the…

Is Hiring a CPA Worth it? 5 Tips for Getting Your Money’s Worth

Often when people find out I’m a tax accountant, I get asked, “How much does a CPA cost?” It’s like me asking “How much does a home cost?” We all understand that a 1,000 square-foot home in Kansas has a different cost than a 1,000 square-foot penthouse condo in New...

7 Bookkeeping Habits Every Entrepreneur Should Adopt

Good bookkeeping is a foundational aspect of a healthy business. Keeping careful track of the money within your business is critical to its success.

Here’s why your tax return may be flagged by the IRS

There are several reasons why your tax return may get flagged or audited by the IRS. Here’s how to avoid IRS scrutiny and processing delays.

Accountants Agree: The Top Five Ways to Fix the IRS

ACTIONABLE INTELLIGENCE FOR TAX, ACCOUNTING, AND FINANCIAL PROFESSIONALS

Your Form 1099 Reports Too Much To IRS, Can You Sue?

Every Form 1099 you receive in the mail is keyed to your Social Security Number, and the IRS gets a copy too. So if a form reports more money than you actually received, what should you do, pay the extra tax?

Frequently Asked Question: Why did the IRS file a tax lien against me?

If you received a tax lien notice from the IRS, you may be wondering why and what to do next.

What is an “Outsourced Bookkeeping Service”?

NOTE: If you prefer video, this article has been expanded through this 40 minute video So, what exactly is an “Outsourced Bookkeeping Service”? Well, first of all it is important to differentiate if the bookkeeping service is working with data 100% “offsite” to their client or if they are working

Are You a Non-Filer? Ready to Escalate Problems with the IRS?

There are millions of individuals who do not file a tax return each year, many of them simply because their income is below the filing threshold levels for the year based upon their filing status.

Bookkeeping or preparation service? That is the question

The Center for Plain English Accounting provides considerations for accountants to help them determine whether an engagement is considered a bookkeeping service or a preparation service that would require adherence to the requirements of SSARS No. 21.

Here are the Benefits of Virtual Bookkeeping

Hiring a virtual bookkeeping service can give your company access to workers with specialized training and save you money.

What late-filing excuses work with the IRS

When it comes to excuses that work with the IRS about why you didn’t file your taxes on time, the dog ate my homework won’t fly. But you might be surprised with what will. For example: Fear of the IRS.

Common Bookkeeping Mistakes People Make

Bookkeeping is a necessary process when it comes to accounting, which in turn connects to taxation. There are some processes of bookkeeping used to create simpler systems that would make tax season quite bearable. Tax season is generally quite hectic, and getting your documents in order at the last …

Reasons Why Outsourcing Bookkeeping Makes Sense

Typical procedures in business, is dependably to look for the bookkeeper to care for accounting undertakings. But this truly is costly and not all companies can manage. Then a choice of outsourcing bookkeeping helped a lot of companies.

Should an Accountant or Tax Attorney Help With My IRS problems?

When the IRS is knocking on your door for unpaid taxes, you want help – and fast! While it is tempting to call the CPA you are familiar with, a qualified tax attorney might be a better choice.

5 Reasons Why Bookkeeping Should Be a Priority

Bookkeeping should be updated and analyzed on a constant basis to help with growth.

When Must your Business File IRS Form 8300?