April 3, 2025 / by Brett Hess / Tax
When we prepare your tax return, we’ll check one of the following filing statuses: single, married filing jointly, married filing separately, head of household or qualifying widow(er). Only some people are eligible to file a return as a head of household. But if you’re one of them, it’s more favorable than filing as a single […]
Read more
Accounting | Insurance | Financial Planning| Call us at 301.698.0795
What tax documents can you safely shred? And which ones should you keep?
April 24, 2025 / by Brett Hess / Tax
Once your 2024 tax return is in the hands of the IRS, you may be tempted to clear out file cabinets and delete digital folders. But before reaching for the shredder or delete button, remember that some paperwork still has two important purposes: Protecting you if the IRS comes calling for an audit, and Helping […]
Read more
Explore SEP and SIMPLE retirement plans for your small business
April 22, 2025 / by Brett Hess / Small Business
Suppose you’re thinking about setting up a retirement plan for yourself and your employees. However, you’re concerned about the financial commitment and administrative burdens involved. There are a couple of options to consider. Let’s take a look at a Simplified Employee Pension (SEP) and a Savings Incentive Match Plan for Employees (SIMPLE). SEPs offer easy […]
Read more
How companies can spot dangers by examining concentration
April 18, 2025 / by Brett Hess / Small Business
At first glance, the word “concentration” might seem to describe a positive quality for any business owner. You need to concentrate, right? Only through laser focus on the right strategic goals can your company reach that next level of success. In a business context, however, concentration can refer to various aspects of your company’s operations. […]
Read more
An essential tax deadline is coming up — and it’s unrelated to your 2024 return filing
April 8, 2025 / by Brett Hess / Tax
Tuesday, April 15 is the deadline for filing your 2024 tax return. But another tax deadline is coming up the same day, and it’s essential for certain taxpayers. It’s the deadline for making the first quarterly estimated tax payment for 2025 if you’re required to make one. Basic details You may have to make estimated […]
Read more
Discover if you qualify for “head of household” tax filing status
April 3, 2025 / by Brett Hess / Tax
When we prepare your tax return, we’ll check one of the following filing statuses: single, married filing jointly, married filing separately, head of household or qualifying widow(er). Only some people are eligible to file a return as a head of household. But if you’re one of them, it’s more favorable than filing as a single […]
Read more