Top Scams of 2019

If you’re like me, it’s been a busy 2019 trying to keep up with all of the growth opportunities that the North Alabama community has prospered with. Unfortunately, not everyone has the same work ethic as you and myself; they like to take an easier route to...
4 Ways High-Income Taxpayers Can Defer Their Earnings

4 Ways High-Income Taxpayers Can Defer Their Earnings

> Taxpayers can plan the timing of invoices to the next year if they know income will be lower in the succeeding year. Taxpayers can make qualified retirement plan contributions. If available, taxpayers can participate in employer’s stock option plans (Income may...
Guidelines for record keeping

Guidelines for record keeping

Three Years (from Date of Filing Return or Due Date of Return, Whichever Is Later) Bank deposit slips Cancelled checks Daily sales records Entertainment records Expense reports Paid vendor invoices Written acknowledgment from charity for contributions of $250 or more...
Four Ways You Can Help Prevent an IRS Audit

Four Ways You Can Help Prevent an IRS Audit

Although tax season won’t arrive for a few more months, the best way to come out of the process on top and in the clear is by being prepared throughout the fiscal year, to mitigate any chance of being audited after you submit your tax documents. While F & F...

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