Small Business Archives | Crabb Tax Services https://crabbtaxservices.com Experience, Integrity & Personal Service Mon, 04 Nov 2019 23:12:04 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.2 Crabb Tax Services Newsletter (October 2019) https://crabbtaxservices.com/crabb-tax-services-newsletter-october-2019/ https://crabbtaxservices.com/crabb-tax-services-newsletter-october-2019/#respond Mon, 04 Nov 2019 06:27:22 +0000 https://crabbtaxservices.com/?p=2581 TOPICS IN THIS ISSUE: Stretch Your Retirement Savings With Multi-Year Planning IRS Audit Period is 3 Years, 6 Years Or Forever: How To Cut Your Risk Be Like A Bank. Test Yourself To See How Your Finances Would Hold Up

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]]> https://crabbtaxservices.com/crabb-tax-services-newsletter-october-2019/feed/ 0 4 Strategies to Cut Your Taxes in Retirement https://crabbtaxservices.com/4-strategies-to-cut-your-taxes-in-retirement/ https://crabbtaxservices.com/4-strategies-to-cut-your-taxes-in-retirement/#respond Mon, 21 Oct 2019 15:31:35 +0000 https://crabbtaxservices.com/?p=2557 To help reduce your tax burden once you retire, and free up more money for expenses and fun, give income planning a try. Here are four ways to adjust your income and get a better grip on your tax bill.

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]]> https://crabbtaxservices.com/4-strategies-to-cut-your-taxes-in-retirement/feed/ 0 IRS Announces New Payment Option for Some Delinquent Taxpayers https://crabbtaxservices.com/irs-announces-new-payment-option-for-some-delinquent-taxpayers/ https://crabbtaxservices.com/irs-announces-new-payment-option-for-some-delinquent-taxpayers/#comments Sat, 19 Oct 2019 15:14:06 +0000 https://crabbtaxservices.com/?p=2549 The Internal Revenue Service (IRS) has announced that a new payment option has been added to the private debt collection program. The payment option is intended to make it easier for those who owe to pay their tax debts, although some practitioners, like me, fear that it could lead to abuse.

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]]> https://crabbtaxservices.com/irs-announces-new-payment-option-for-some-delinquent-taxpayers/feed/ 1 IRS Audit Period Is 3 Years, 6 Years Or Forever: How To Cut Your Risk https://crabbtaxservices.com/irs-audit-period-is-3-years-6-years-or-forever-how-to-cut-your-risk/ https://crabbtaxservices.com/irs-audit-period-is-3-years-6-years-or-forever-how-to-cut-your-risk/#comments Wed, 09 Oct 2019 14:12:18 +0000 https://crabbtaxservices.com/?p=2533 It is only natural to worry about an IRS audit, and the duration of audit periods can be downright frightening. Tax lawyers and accountants are used to monitoring the duration of their clients’ audit exposure, and so should you.

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]]> https://crabbtaxservices.com/irs-audit-period-is-3-years-6-years-or-forever-how-to-cut-your-risk/feed/ 1 Stretch Your Retirement Savings with Multi-Year Tax Planning https://crabbtaxservices.com/stretch-your-retirement-savings-with-multi-year-tax-planning/ https://crabbtaxservices.com/stretch-your-retirement-savings-with-multi-year-tax-planning/#comments Mon, 07 Oct 2019 21:41:43 +0000 https://crabbtaxservices.com/?p=2523 The years approaching retirement are rich with opportunities for those who can carefully fill their income "buckets" to just the right level.

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]]> https://crabbtaxservices.com/stretch-your-retirement-savings-with-multi-year-tax-planning/feed/ 1 Crabb Tax Services Newsletter (September 2019) https://crabbtaxservices.com/crabb-tax-services-newsletter-september-2019/ https://crabbtaxservices.com/crabb-tax-services-newsletter-september-2019/#respond Wed, 02 Oct 2019 02:00:34 +0000 https://crabbtaxservices.com/?p=2517 TOPICS IN THIS ISSUE: Benefits Of Starting Your Tax Planning Early In the Year What To Do If You’re Audited By the IRS 13 Advantages Of Keeping Personal And Business Bank Accounts Separate Ins And Outs of Settling With the

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]]> https://crabbtaxservices.com/crabb-tax-services-newsletter-september-2019/feed/ 0 13 Advantages Of Keeping Personal And Business Bank Accounts Separate https://crabbtaxservices.com/13-advantages-of-keeping-personal-and-business-bank-accounts-separate/ https://crabbtaxservices.com/13-advantages-of-keeping-personal-and-business-bank-accounts-separate/#comments Sun, 15 Sep 2019 22:11:48 +0000 https://crabbtaxservices.com/?p=2487 Mixing one's funds with the proceeds of a business is a tempting prospect. For many solopreneurs, commingling allows them to have a much simpler time when banking. However, situations may arise where mixing business funds with personal funds can lead to a complicated mess. While the actual business of banking is easier, things like account-keeping, tax reporting and separating business expenses from private earnings become a nightmare.

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]]> https://crabbtaxservices.com/13-advantages-of-keeping-personal-and-business-bank-accounts-separate/feed/ 1 Benefits Of Starting Your Tax Planning Early In the Year https://crabbtaxservices.com/benefits-of-starting-your-tax-planning-early-in-the-year/ https://crabbtaxservices.com/benefits-of-starting-your-tax-planning-early-in-the-year/#comments Thu, 05 Sep 2019 22:12:08 +0000 https://crabbtaxservices.com/?p=2472 Most individuals begin tax planning when the due date for filing income tax return is around the corner. However, it is prudent to start your tax planning earlier as it gives you more time to make a good estimate of your income and gains.

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]]> https://crabbtaxservices.com/benefits-of-starting-your-tax-planning-early-in-the-year/feed/ 1 Crabb Tax Services Newsletter (August 2019) https://crabbtaxservices.com/crabb-tax-services-newsletter-august-2019/ https://crabbtaxservices.com/crabb-tax-services-newsletter-august-2019/#respond Tue, 03 Sep 2019 08:42:09 +0000 https://crabbtaxservices.com/?p=2456 TOPICS IN THIS ISSUE: 12 Small Business Tips From Podcasts Used By the Pros Top Ten Money Mistakes People With Modest Incomes Make Should Financial Success Be Your Ultimate Goal? Tax Witholding Estimator The IRS Will Waive This 2018 Penalty

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]]> https://crabbtaxservices.com/crabb-tax-services-newsletter-august-2019/feed/ 0 12 Small Business Tips from Podcasts Used by the Pros https://crabbtaxservices.com/12-small-business-tips-from-podcasts-used-by-the-pros/ https://crabbtaxservices.com/12-small-business-tips-from-podcasts-used-by-the-pros/#respond Tue, 27 Aug 2019 20:55:50 +0000 https://crabbtaxservices.com/?p=2450 Not all the advice that a budding business leader hears on a podcast will be particularly actionable or beneficial. There is, however, some very good information and perspectives out there. To help newer leaders be more aware of things they can and should do in regards to their business, we asked members of Young Entrepreneur Council (YEC) the following:

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