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Are Home Improvements Tax Deductible?
Navigating the complex landscape of tax deductions can be a daunting task, especially when it comes to understanding what home improvements are tax deductible. Whether you're a seasoned homeowner or new to the realm of property taxes, it's crucial to understand how...
Stay Ahead of the Curve: The Small Business Guide to Year-Round Bookkeeping Success
The dreaded tax season rollercoaster is over, and small business owners across the nation breathe a collective sigh of relief. But as the dust of receipts and spreadsheets settles, it's a pertinent time to reflect on the year-long financial scramble and plot a...
To File or Not File? That is the question
When the tax deadline looms large, many of us feel the pressure to file our taxes promptly. But what if you need more time? Should you file for an extension, or should you power through and ensure your forms are submitted on time? This financial feng shui is something...
Navigating Tax Season with Ease: A Guide to Smart Tax Preparation with BFG Tax Help
It's that time of the year again. The mere mention of tax season often conjures feelings of stress and urgency, the rush to gather all those receipts and forms intermixed with the fear of missing out on a critical deduction. For individuals and small business owners,...
Tax Breaks That Power Your Home and Wallet: Navigating Energy Efficiency Credits
In today's world, homeowners are constantly searching for ways to reduce their environmental footprint, upgrade the efficiency of their homes, and, of course, save some money in the process. What if we told you there's a way to achieve all three simultaneously? Yes,...
Navigating the IRS Landscape: BFG Tax Help, Monitoring in the Modern Tax Age
America loves a good detective story, and sometimes, the best mysteries aren't in novels or on the screen — they're in our bank accounts. With the IRS known for its labyrinthine complexity and labyrinthine penalties for seemingly small errors, there's a new breed of...
Converting Junk into Dollars
Changing Junk Into Dollars Spring: a season of renewal, growth, and... cleaning? That's right, spring cleaning is not just about freshening up your space, but also about finding opportunities to do some good and possibly benefit at tax time. While you're dusting off...
How to Avoid a Desk Audit
One of the most common reasons for IRS desk audits is incomplete or inaccurate 1099 reporting. Many businesses overlook the importance of this step and do not realize that missing or incorrect documents can result in serious repercussions. In this post, we will...
Does Your Filing Status Really Matter?
Are you confused about your tax filing status? Do the various options available seem daunting? Fear not, as we are here to demystify the complex world of tax filing. The information in this blog post will help you determine what status you should pick, setting you up...