August 20, 2019
Over the course of your lifetime, taxes are one of the biggest expenses you’ll have. And if you think you’re paying too much in taxes each year, you probably are.
In fiscal year 2018 alone, the IRS issued over 120 million individual income tax refunds totaling almost $395 billion.
This number includes small business owners of partnerships, S corporations, regulated investment companies and real estate investment trusts because generally, any profits or losses are passed to the underlying owners (and posted on their income tax returns).
Not only are there a lot of taxes to muddle through, some tax preparers are just more skilled than others. Making a few small mistakes in each section of your return can really add up in lost cash for you.
A full tax strategy with Morgan & Associates will examine each aspect of your business and investments to help you pay less and protect your assets. We’ll utilize tested strategies to isolate liabilities and use deductions, credits and loopholes to enhance your wealth-building opportunities.
When you lay out a tax strategy that is this comprehensive, you can easily plan how much your tax payments will be, and when they’ll be due. There’s no scrambling to get the money into your account, no surprises and no steep penalties due to late payments.
If you're only thinking about taxes during "tax time," you could be missing some important opportunities. Tax planning can happen all year — not just between January and April. A proactive and strategic approach can help you navigate today's changing tax landscape and help keep more of what you've earned.
BOSS is the answer to your back office headaches. Our cloud-based solution enables you to hand complex accounting tasks over to us. We work the numbers while providing you 24/7 access to your data—and all at a fixed, affordable monthly fee.
We understand that the countless number of tasks associated with running a successful practice leaves you with little time to deal with your numerous accounting and tax responsibilities. That is where ...read more
With proactive tax strategies and industry-specific expertise, we have a proven track record of helping property management firms succeed from...read more
If you contract your services as a salesperson, freelance writer, graphic designer, real estate professional, or other profession contact us to learn about the comprehensive, affordable...read more
Morgan & Associates has extensive experience in nonprofit accounting, currently providing audit and tax return services to a growing number of...read more
One red flag area for the IRS is when individuals claim that they’re running a business in order to write off their hobby expenses.
We can all get caught up in the day…meetings, calls, texts, emails and the myriad of other workday demands that pile up quickly and can create unwanted stress.
Part of the dread over IRS audits is the fear of the unknown. But how often does an audit actually happen?