Tax audits can be a daunting experience for individuals and small businesses, especially if they are unprepared or unfamiliar with the process. However, with the help of experienced tax advisors, the audit process can be less stressful and more manageable.

At Jackman Professional Accounting & Financial, our tax advisors are dedicated to assisting individuals and small businesses during tax audits to ensure they receive the best possible outcome.

Here are five ways tax advisors can help individuals and small businesses during a tax audit:

Outsourcing corporate tax preparation can be a smart move for any business owner who wants to save time, money, and hassle. By outsourcing this task to a qualified professional, you can ensure that your company remains compliant with tax laws and regulations, while freeing up your own time to focus on other important aspects of your business. At Jackman Professional Accounting & Financial, we understand the value of outsourcing corporate tax preparation, and we're here to help.

Here are five engaging points to consider when outsourcing your corporate tax preparation:

As a small business owner, you know the importance of keeping your finances in order. But with so many responsibilities on your plate, it can be challenging to manage everything alone. That's where professional accountants come in! 

At Jackman Professional Accounting & Financial, we understand that running a small business requires attention to detail and financial expertise. In this blog, we'll discuss five ways that professional accountants can help small business owners like you.

Accountants serve as professionals who help businesses maintain their finances by keeping track of different accounts, transactions, and reports. These experts assist in identifying how to improve your business through systematically recording financial data so that your business stays compliant and profitable.

Original Article Source Credits:   CNBC , https://www.cnbc.com/

Article Written By:  Darla Mercado

Original Article Posted on:  DEC 9 2020

Link to Original Article:  https://www.cnbc.com/2020/12/09/45-percent-of-americans-dont-know-how-much-tax-is-withheld-from-their-pay.html

Original Article Source Credits:   IRS , https://www.irs.gov/

Article Written By:  NA

Original Article Posted on:  December 8, 2020

Link to Original Article:  https://www.irs.gov/newsroom/irs-warns-people-about-a-covid-related-text-message-scam

The efficient management of your business’s accounting is essential to keep your finances healthy and in check. However, while focusing on the smooth functioning of your business, taxes often take a back seat. Consequently, as the tax season approaches, you’re bound to get overwhelmed and distracted, which could result in you committing mistakes while filing, triggering penalties, or inviting an audit. Therefore, to help you stay on top of your taxes and steer clear of possible errors, Jackman Professional Accounting & Financial Services has put together a list of the most common mistakes small businesses make on their tax return.