IRS Letter 6419 Update
Jan 18 11:12 AM

IRS Letter 6419 Update

Jan 18 11:12 AM
Jan 18 11:12 AM

The IRS letter 6419 should be coming in the mail soon if it hasn’t already. This is a letter from the IRS containing information about the advance child tax credit payments you would have received in 2021. It will help you report the amounts correctly, claim the other half of your child tax credit, and avoid delays in processing your return and refund. We’re going to walk through exactly what the letter 6419 is and what to do if you don’t have yours.

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Tax Tips for the New Year
Dec 28 9:27 AM

Tax Tips for the New Year

Dec 28 9:27 AM
Dec 28 9:27 AM

We’re already almost through December, which means the new year is quickly approaching! Don’t let that scare you for tax season, though. BaCo Group has a handful of tax tips for you to keep in mind as the new year rolls around. These tips will help you get a head start in tax season, stay organized, and make sure you have all of the right things prepared for your CPA to finish your tax return. Keep reading to find out what BaCo’s top tips are for the new year! 

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Holiday Accounting Tips for Your Small Business
Dec 14 7:50 AM

Holiday Accounting Tips for Your Small Business

Dec 14 7:50 AM
Dec 14 7:50 AM

The holidays can be a really fun time for your business! Oftentimes, there are holiday parties, gift-giving, gift-receiving, and lots of celebration! However, it can get confusing categorizing all of these holiday expenses and making sure you’re taking care of your business with these added expenses. So, we’ve put together a short guide to help you manage your accounting during this fun time of year! Keep reading to find out more.  

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Small Business Tax Tips
Nov 02 9:16 AM

Small Business Tax Tips

Nov 02 9:16 AM
Nov 02 9:16 AM

As a small business owner of two companies myself, I can say that owning a small business is no easy task. Taxes are sometimes said to be the worst part of the process. However, it doesn’t have to be. I’m here as a professional accountant to let you know some not-so-secret tax tips that you can utilize as a small business owner. Even before tax season rolls around, consider these tips as you go about your year, so you can get ahead for next tax season.

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Tax Planning Mistakes to Avoid
Oct 19 9:12 AM

Tax Planning Mistakes to Avoid

Oct 19 9:12 AM
Oct 19 9:12 AM

What is tax planning? Tax planning is the process of reviewing your financials and preparing for the tax season ahead before it arrives. So often, accountants get caught up in their work and don’t have time to work with their clients on next year’s taxes, so they result in year-end tax planning. This leaves the client to tax plan for themselves which can be great, but it can also lead to mistakes. We’re going to discuss the tax planning mistakes you should avoid so you’ll create less stress for yourself and your CPA.  

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