by Michael Hogberg EA | Aug 7, 2024 | Federal Tax, Uncategorized
For individual taxpayers and businesses that requested an extension to file their federal taxes, critical deadlines are fast approaching. September 15, 2024, is the final day for S Corporations to file their extended returns, and October 15, 2024, is the last day for...
by Michael Hogberg EA | Jul 24, 2024 | Enforcement Updates, Updates
A recent indictment in West Virginia serves as a powerful reminder of the serious consequences for business owners who fail to meet their tax obligations. The case highlights the risks of neglecting both employment tax responsibilities and personal tax filings. While...
by Michael Hogberg EA | Jul 17, 2024 | Expert Analysis, Federal Tax, Updates
In the world of entrepreneurship, finding ways to fund a new business venture can be challenging. One strategy some individuals consider is the “Rollover as Business Start-up” (ROBS) arrangement. This method allows prospective business owners to use...
by Michael Hogberg EA | Jul 10, 2024 | Updates
For many taxpayers, particularly those who are self-employed or have significant income not subject to withholding, paying estimated taxes is a crucial aspect of managing their tax obligations. Understanding estimated taxes and how to pay them can help you avoid...
by Michael Hogberg EA | Jul 3, 2024 | Updates
Running a small business comes with a host of responsibilities, including managing your tax obligations. Implementing effective tax strategies can help you minimize your tax liability, maximize deductions, and improve your overall financial health. Here are some key...