Taxes

TOP 5 MOST COMMON TAX QUESTIONS

We’ve taken the most common tax related questions we get, and answered them in this continually growing list tax answers. 1) What are the Benefits of filing early? The two major benefits of filing your taxes early are: You get your refund sooner You can catch any mistakes On the other hand, filing your taxes… Read more »

DO I NEED A CPA?

Do I need a CPA? This is one of the most common questions we hear. Well we came up with 17 reasons why you should seriously think about hiring an accountant. Whether you’re looking to save some money, prepare your taxes, manage your investments, or plan your retirement, an accountant can help. Changing Tax Laws For most… Read more »

TOP 8 ACCOUNTANT MISCONCEPTIONS

When operating a small business, your focus tends to be more on how much money you are making or how many products you’re selling. Less time is being spent on basic financial functions like staying updated on government regulations or growth opportunities. All of these factors play a huge part on the success of your… Read more »

THE ULTIMATE CHEAT SHEET ON TAX FOR SMALL BUSINESSES

For small business owners taxes are a huge deal. With the IRS taking most of your profit in ordinary income taxes and self-employment taxes, why not educate yourself on the laws that apply specifically to your business and help preserver capital. By having a tax professional like McMullan, we can help you navigate the tax… Read more »

Why You Need an Accountant for Your Small Business

This article is courtesy of  YFS MAGAZINE by  JEFREDA BROWN Reading the news headlines these days should be reason enough to make sure your business is operating in accordance with local, state, and federal regulations. Laws are constantly changing. Businesses are failing because of bad accounting, which means there was no third party to hold the business owner(s)… Read more »

Top 2 Issues That Will Affect Tax Payers This Tax Season

You don’t want to be surprised when it’s time for you to file your 2014 tax returns. There are 2 very important issues to keep in mind as individuals and businesses, passing of the Tax Increase Prevention Act and the Affordable Care Act requirements for reporting. Read more below to see how you could be affected…. Read more »

What Small Businesses Need to Do in 2015

The key to success for any business is to be well prepared and organized when it comes to important paperwork and deadlines, which certainly can be a challenge to maintain. But if done, it can ensure your business is in good standing and will help avoid costly issues. Here are three resolutions to set the… Read more »

2014 Free Tax Organizer For New Clients

Click Here to Download Your 2014 McMullan Tax Organizer Here is your free Tax Organizer. It will help you organize your tax information (and make sure you don’t miss any important deductions). Whether you do your own tax return or use the services of a CPA firm like ourselves, we hope you’ll find it useful…. Read more »

Are You Subject to Underpayment Tax Penalties?

Here are a few ways you can protect yourself from penalties if you don’t pay enough tax throughout the year. Know the minimum payment rules. Your estimated payments and withholding must equal at least 90% of your tax liability for 2014 or 100% of your 2013 tax. (110% if previous year AGI was over $150,000…. Read more »