by Karla Dennis | Aug 9, 2013 | Blog
If you are in need of some form of Tax Resolution services it is important to know what your options are from the beginning. Far too often people with tax problems choose to simply avoid them which can make the problem even worse. There are several options out there for people who need Tax Resolution services in order to get back on their feet and settle any remaining debts. First and foremost it is important you are paying your taxes. Even if they are late it is always better to get your taxes submitted and hopefully paid as soon as possible. The longer outstanding your yearly tax filing the harder it may be to work with the IRS on a settlement of the money that is owed. In fact, if you do not file your taxes there is the possiblity that the IRS will do it for you. This could mean missing out on several valuable write-offs and deductions that can really change your income outlook for the coming year. Whether you have one year or ten years of tax documents to file it is important to get them turned in as soon as possible. Those who wait may be subject to the collection tactics of the IRS for the foreseeable future. No one wants to deal with constant phone calls and letters simply because your taxes have not been filed. There is a big difference between not filing and tax paying your taxes. Not paying your taxes can make you a risk to the IRS to never do so. Atleast if you have filed your tax returns a...
by Karla Dennis | Aug 9, 2013 | Blog
Hello everyone this is Karla Dennis CEO of Cohesive Tax Services talking with you today about a great seminar that can help you cash flow your personal life. I use this blog to keep every day people thinking about how they can get the most out of their current tax situation. If you currently do not have a tax strategy in place for the year please visit my website or give me call to get in touch with our team of tax specialists to learn how we can help you. In my blog today I wanted to talk about our New Money New Your Seminar and how it can help change the way you think about taxes. Many of you out there who run a small business are stressed out day after day causing your business to struggle. I have been a small business owner for over twenty three years and can certainly understand what these days feel like. One of the biggest things I have done to avoid these problems is bringing coaches and mentors in to my life. At my seminar you can learn tips like these to focus how you think about your business. Far too often small business owners are caught up in their day to day activities and don’t have a chance to look at the big picture that is their business. This seminar is intended to help small business owners focus in on how to cash flow their business and increase revenue. For those who are considering starting a small business this is also a great opportunity to learn these tools before taking...
by Karla Dennis | Aug 7, 2013 | Blog
Today I’m going to talk to you about tax preparation. At Karla Dennis And Associates, Inc.™, we do things a little bit differently in that we can handle tax preparation for customers in all 50 states. We’re licensed in all 50 states as Enrolled Agents and can handle federal tax returns, state tax returns, even tax returns for local municipalities. We’re also very strategic in the way that we prepare your taxes. We not only do individual tax returns but we also do business tax returns for corporations, LLCs, S-Corporations and business trusts; you name it, we do it. read...
by Karla Dennis | Aug 6, 2013 | Blog
Have you recently started your own business and have no idea where to even begin when it comes to handling your finances and bookkeeping? There are many business owners that think bookkeeping for your business is an easy task and something that they’ll have plenty of time and energy for. While this may be the case for some, the vast majority that try to handle the bookkeeping on their own actually get in over their heads and need to reach out for help after it is too late. This is why we suggest letting a professional handle your bookkeeping services from the start. Don’t waste your time or energy on something you don’t even know how to handle in the first place. read...
by Karla Dennis | Aug 3, 2013 | Blog
Often times when discussing Bookkeeping with a new client it can be confused with accounting. In simple terms Bookkeeping is only the reporting of information for both business use and also for the IRS. Accounting on the other hand will bring in to play the analyzing of this information in order to make better business decisions. For this reason employing a Bookkeeping service with a backgroud in accounting can be a great way to be the best services for your money. Maintaining proper Bookkeeping is a necessary part of running a good business. Having financial information for your small business at your finger tips is important in order to make many of your daily decisions. Having the added support of accounting services will also help you dissect this data that is placed in front of you. It is important to note that there are different ways of handling the accounting for your business and choosing really comes down to your type of business. The two most commons forms of accounting are FIFO and LIFO. FIFO stands for first in first out and means that your invoices will be paid by from the first to be received to the last. LIFO on the other hand stands for last in first out and this will make sure the most recent invoices are being paid first. Proper accounting to back up your Bookkeeping needs will help you monitor important things like revenue flow as well as expenses. If you cannot find out what the balance in your business checking account is from your Bookkeeping it may be time to upgrade. Information like...
