1-800Accountant Blog

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The Great Resignation: The Future of Accounting

You might be searching for a new accountant next tax season if your current one follows the trend of others in the wake of the Great Resignation. While the COVID-19 pandemic has certainly exacerbated the trend of people leaving their jobs, the Harvard Business Review cites data from the Bureau of Labor Statistics (BLS) which […]

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What Can Audit Defense Do for You and Your Business?

The IRS audits small businesses every tax year for different reasons. The audit process is simple for some companies, but other audits can be a lot more serious and thorough. Business audits can vary in depth and severity, so you’ll want to know how you can best prepare yourself. You have the right to know […]

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What Is IRS One-Time Forgiveness?

Did you get hit with some unexpected IRS tax penalties? If you’re in a financial bind and you meet specific criteria, the IRS has options to help you. One-time forgiveness allows certain taxpayers to explain how they may have made errors in their tax filing that resulted in penalties and fees and receive forgiveness.  The […]

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4 Common Causes of IRS Audits

For small business owners and taxpayers, one of the most inconvenient things to happen is to receive a notice of an IRS audit. For many people, it’s not always clear right away why they were chosen for an audit. It can feel totally random and even a bit unfair.  The truth of the matter is […]

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Guide to Bookkeeping for Amazon Sellers

Bookkeeping is one of the most vital duties for Amazon sellers. There are ways you can implement bookkeeping to comply with tax regulations and tax rules.  Whether you’re a veteran Amazon seller or are new to the eCommerce platform, you’ll want to keep organized and methodical bookkeeping a priority throughout your career as a seller. […]

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How Are Sole Proprietorships Taxed?

It’s an understatement to say that small business owners, especially new ones, have a lot on their plates. From marketing and team supervision to managing payroll and bookkeeping, there’s a lot to take on! However, one of the most important things a small business owner does is ensure their taxes are paid on time every […]

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How to Maximize Your HSA

Putting money in your HSA can be helpful for medical expenses. But did you know there are also tax advantages to having an HSA? You can use it as an investment tool and name beneficiaries for the funds. Here’s what you can do to maximize your HSA. 1. Maximize HSA Contributions The first strategy you […]

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IRS Backlog May Lead to Major Delays – Here’s What to Know

If you’re still in waiting in the IRS backlog for them to process your tax return from last year, you’re not alone. Tens of millions of Americans are still waiting on their returns — some folks have been waiting for nearly a year!  Delayed processing means delayed refunds, which can cause a lot of headaches […]

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The Most Overlooked Tax Breaks and Deductions for Retirees

Regardless of age, working folks will always have one thing in common: the need to file taxes every year like clockwork. And somehow, it’s already that time of year again, where a tax filing can either result in a nice chunk of change in the form of a refund, or a stressful tax bill.  It […]