by ECPA Team | Jul 29, 2023 | Dealing with Taxes and Tax Debt
Facing an expense audit might seem overwhelming, but with the right approach, you can tackle it like a pro. In this article, we’ll guide you through the process of organizing your bank and credit card records to breeze through your expense audit. Understanding...
by ECPA Team | Jul 29, 2023 | Dealing with Taxes and Tax Debt
Getting ready for a revenue audit doesn’t have to be overwhelming. Let’s break it down into easy steps to help you stay in control. Step 1: Gather Bank Statements For the tax year in question, gather PDF copies of all your bank statements. Some...
by ECPA Team | Jul 28, 2023 | Dealing with Taxes and Tax Debt
Getting that audit letter can be nerve-wracking, but understanding the type of audit can ease the process. Let’s dive into what to do when you receive that invitation. Step 1: Income or Expense? First things first, figure out whether the audit is about your...
by ECPA Team | Jul 26, 2023 | Dealing with Taxes and Tax Debt
Nobody wants to be in hot water with the IRS, right? Well, here’s a couple of things to keep in mind to steer clear of trouble and make sure you’re not being, well, a dumb ass when it comes to your taxes. Submit Smart Returns: Let’s start with this...
by ECPA Team | Jul 25, 2023 | Dealing with Taxes and Tax Debt
In the world of finance and taxes, there’s an old saying: “Pigs are fed, hogs are slaughtered.” This adage carries a valuable lesson, especially when it comes to managing mixed-use expenses. These are costs that serve both personal and business...