Tax season can evoke a blend of emotions, from sheer dread to mild panic.
But fret not! If you’re based in Toronto and find yourself tangled in the web of taxes, working with a Toronto tax expert may just be your saving grace. [Read more…]
The impact of a tax filing extension on your company’s financial planning
It can be challenging for business owners and independent contractors to navigate the intricacy of tax filing. While tax filing extensions can offer a short-term relief, they also come with a special set of challenges and implications.
Understanding how these extensions will impact your financial planning is crucial to maximizing tax advantages and ensuring that deadlines—like the 2024 S Corp filing date—are met.
This article will look at how your company’s financial planning is impacted by tax filing extensions, with a focus on expected tax payments, challenges faced by independent contractors and business owners, and ways to reduce your tax burden. [Read more…]
Want to track the status of your tax refund? There’s an app for that.
If you’re expecting a federal tax refund this year, there’s a free app from the IRS that will let you track your refund right from your smart phone or tablet.
The IRS2Go app will keep you up-to-date regarding the status of your tax refund. You can also use the app to make a payment to the IRS, and a whole lot more.
We all know that wondering when your refund check is going to arrive or when the direct deposit is going to hit your bank account is about as much fun as waiting for test results from the doctor.
Now you can avoid that suspense [Read more…]