In the dynamic landscape of modern business and personal finance, making informed decisions is paramount to achieving financial success. From optimizing tax savings to creating a robust financial framework, every step you take contributes to your long-term financial well-being. Whether you’re a business owner seeking to navigate the complexities of taxes or an individual looking to secure your financial future, strategic financial planning backed by fractional CFO expertise can be your guiding light. This comprehensive guide delves into the world of fractional CFO services, shedding light on how businesses, families, and individuals across the United States can benefit from these services and create a solid financial foundation for the years to come.

When it comes to managing your finances and ensuring that your hard-earned money stays where it belongs, proper tax preparation is an essential aspect. Whether you’re a business owner, a head of the family, or an individual navigating the complex landscape of taxes, avoiding common pitfalls can make a significant difference in your financial well-being. Our team at Jackman Professional Accounting understands the intricacies of tax preparation and the challenges you might face in achieving optimal financial outcomes. In this comprehensive guide, we’ll walk you through some of the most prevalent mistakes to steer clear of when it comes to corporate tax preparation. By the end of this article, you’ll have a clearer understanding of how to safeguard your financial interests, maximize tax savings, and create a personalized financial framework tailored to your unique needs.

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:   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/get-ready-for-taxes-whats-new-and-what-to-consider-when-filing-in-2021

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:   Forbes , https://www.forbes.com/

Article Written By:  Robert Farrington

Original Article Posted on:  Dec 8, 2020

Link to Original Article:  https://www.forbes.com/sites/robertfarrington/2020/12/08/how-early-can-you-file-your-taxes-to-get-your-tax-refund/?sh=753d28f7b745

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.

Original Article Source Credits:   Investopedia , https://www.investopedia.com/

Article Written By:  STEPHANIE BARTON

Original Article Posted on:  Nov 12, 2020

Link to Original Article:  https://www.investopedia.com/articles/tax/09/overlooked-tax-deductions.asp

Original Article Source Credits:   The Motley Fool , https://www.fool.com/

Article Written By:  Matthew Frankel

Original Article Posted on:  October 26, 2020

Link to Original Article:  https://www.fool.com/slideshow/6-tax-tips-save-you-thousands-2021/

Original Article Source Credits:   The Balance , https://www.thebalance.com/

Article Written By:  Paul Nolan

Original Article Posted on:   November 05, 2020

Link to Original Article:  https://www.thebalance.com/fake-emails-from-the-irs-are-scams-3193220

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

Article Written By:  NA

Original Article Posted on:  16-Nov-2020

Link to Original Article:  https://www.irs.gov/newsroom/heres-who-qualifies-for-the-employee-business-expense-deduction

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

Article Written By:  NA

Original Article Posted on:  17-Nov-2020

Link to Original Article:  https://www.irs.gov/newsroom/nov-21-deadline-nears-to-register-online-for-economic-impact-payment-some-people-can-claim-special-credit-next-tax-filing-season

Original Article Source Credits:   Forbes , https://www.forbes.com/

Article Written By:  Kelly Phillips Erb

Original Article Posted on:  Aug 20, 2020

Link to Original Article:  https://www.forbes.com/sites/kellyphillipserb/2020/08/20/irs-releases-draft-form-1040-heres-whats-new-for-2020/#60fa72d13356

Original Article Source Credits:   Forbes , https://www.forbes.com/

Article Written By:  Jason B. Freeman

Original Article Posted on:  Aug 26, 2020

Link to Original Article:  https://www.forbes.com/sites/jasonbfreeman/2020/08/26/the-irs-dirty-dozentax-scams-and-schemes/#6056d8404723

Original Article Source Credits:   The Balance , https://www.thebalance.com/

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Original Article Posted on:   July 18, 2020

Link to Original Article:  https://www.thebalance.com/tax-cuts-definition-types-and-how-they-work-3306328

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Original Article Posted on:  Aug 19, 2020

Link to Original Article:  https://www.usatoday.com/story/money/2020/08/19/filed-your-tax-return-irs-distribute-tax-refund-interest-checks/3398937001/