by Michael Hogberg, EA | Jul 17, 2024 | Expert Analysis, Federal Tax, Updates
In the world of entrepreneurship, finding ways to fund a new business venture can be challenging. One strategy some individuals consider is the “Rollover as Business Start-up” (ROBS) arrangement. This method allows prospective business owners to use...
by Michael Hogberg, EA | Jul 10, 2024 | Updates
For many taxpayers, particularly those who are self-employed or have significant income not subject to withholding, paying estimated taxes is a crucial aspect of managing their tax obligations. Understanding estimated taxes and how to pay them can help you avoid...
by Michael Hogberg, EA | Jul 3, 2024 | Updates
Running a small business comes with a host of responsibilities, including managing your tax obligations. Implementing effective tax strategies can help you minimize your tax liability, maximize deductions, and improve your overall financial health. Here are some key...
by Michael Hogberg, EA | Jun 26, 2024 | Updates
Mistakes on your tax return can happen, but the good news is that you can correct them by filing an amended return. Whether you’ve discovered an error, omitted information, or received new tax documents after filing, here’s a guide on how to amend your tax return....
by Michael Hogberg, EA | Jun 19, 2024 | Updates
Facing a tax audit can be intimidating, but with proper preparation and understanding, you can navigate the process smoothly and confidently. A tax audit is an examination of your tax return by the IRS to ensure the information you provided is accurate. Here’s how to...
by Michael Hogberg, EA | Jun 15, 2024 | Updates
In recent news, a Michigan business owner faced serious charges for allegedly underreporting business income and failing to pay employment taxes. While this case has gained attention, it underscores a broader issue that is unfortunately not uncommon among small and...