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Get Prepared for the Tax Reform of 2019

When it comes to taxes, April 15, 2019 marks the end of the year, and one that brings many changes with the new Tax Cuts and Jobs Act that has significantly altered the U.S. tax code.

If you have yet to talk to your tax advisor, it’s time to do so and get prepared for the tax reform of 2019.

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Benefits of Hiring a Professional Accountant

Managing your own finances and books can be an overwhelming and time consuming process, especially when you still have a business to run. Even if you don’t own a business, but still find yourself stressed out everytime tax season comes along, not understanding why your tax bill is as high or not quite following every form and what it works for, means it may be time to hire a professional accountant.

The benefits of hiring a professional accountant start with the peace of mind of leaving this job to those who know how to do it best. A professional accountant can serve as a guide through the confusing path that taxes and everything IRS related can be.

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What Is An Audit?

What is an audit? For businesses big and small, an audit can be more of a maintenance check than a negative situation. Audits examine your business’ financial records to ensure they are accurate.

Through a systematic review of your transactions, accounting books and financial reports, an audit helps spot problems within your business. Audits find errors in your numbers and help with decision making.

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What Is Fintech? The Gist Of Financial Technologies

Whenever you pay for a bus ticket online through PayPal, Google Wallet or even just your credit card, you’re using FinTech.

Every time you make an online transaction through your bank of choice smartphone app, you’re also using FinTech.

What FinTech stands for is, quite simply, “Financial Technologies”. It is the use of technology to deliver financial services and products to consumers; the web that weaves between cloud-conducted financial transactions and processes.

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7 Common Mistakes People Make When Filing Taxes

Everyone can make mistakes, but when it comes to improperly filing taxes, the following mistakes could end up costing you some serious money.

Although the U.S. tax code holds a lot of information most taxpayers don’t know enough of, the truth is most of the mistakes that come when filing your taxes can be easily avoided. Read on to find out what they are and how you can save yourself from making these mistakes next time.

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What Happens When You Don’t File Your Taxes?

Everyone’s tax situation is different, and although there can be various reasons behind anyone’s failure to file taxes on time, there are actual consequences to expect when your taxes are filed late.

Missing the April deadline is one thing but in the case of filing taxes, late really is better than never. Tax penalties and consequences of failure to file are real. Despite what you may have heard, it is far better to file your taxes late than not at all; and in the long run you’ll be better off taking care of your tax situation versus waiting for the IRS to initiate contact.

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