Taxes? Accounting? Specializes in small business? Check, check, check. At PSA CPA, we offer end-to-end tax preparation, small-business accounting and bookkeeping, and payroll services – all with a smile! Whether you’re looking for friendly expertise, real-time feedback on a new business venture or accounting question, or simply want to file your taxes and discuss the details with an expert – look no further and give us a call or email! We grow as you grow because your success is our bottom line! Learn more about us!
Let’s all breathe a collective sigh of relief now that this year’s tax return has been filed. But now that this year’s filing is done, what might you have done differently? One typical error that people make is not thinking about their taxes until it...
Penalties for late filings and payments The IRS applies late filing penalties when taxpayers fail to submit or pay their tax returns on time. The failure-to-file penalty is typically 5% of the unpaid tax, with a maximum of 25% every month or portion of a month that...
The IRS generally has three years to audit a tax return, beginning with the later of the return’s due date or the day you submit. You can also file an amended return within this time window if you missed anything. Here’s what you should know about keeping...
Comptroller Brooke E. Lierman has stated that the Office of the Comptroller will waive late payment penalties and interest for Maryland businesses until May 31, 2024, to address the economic effect of the Francis Scott Key Bridge collapse. According to investigators,...
Filing jointly or separately The IRS deems taxpayers wedded if they are legitimately married under state law, reside together in a state-recognized common-law marriage, or are separated but do not have a separation maintenance or final divorce decision at the...
At a time when so many people want assistance, there are still several fiscal and charitable advantages to giving back. When planning out their taxes, individuals and married couples must make a critical decision about charity gifts. Choose the standard deduction,...