On today's episode of Tax Insights, Jeff shares crucial information about an upcoming deadline that every nonprofit organization needs to be aware of. Neglecting the May 15th deadline for nonprofit tax returns can jeopardize an organization's tax-exempt status, risking their hard-earned benefits. Join the conversation and stay informed to maintain your tax benefits.

Extension Essentials: Tax Tips for Last-Minute Filers by Tax Insights with Hawkins Ash CPAs

Today on Tax Insights, Jeff discusses the intricacies of employment classifications. In this episode, we'll explore the differences between employees and independent contractors, and the criteria that determine work relationships. We'll also take a closer look at the tax obligations and implications associated with each classification. Let's tune in!

Welcome to the Tax Insights Podcast, where we break down complex tax topics into bite-sized how-tos. In this episode of Tax Insights Podcast, Jeff Dvorachek explores the new Department of Labor Joint Employer Rule. The joint employer rule determines when multiple employers share responsibility for an employee's working conditions and legal obligations. Tune in now to decode the regulations and complexities of the new law.

Join us today on Tax Insights as Jeff explores the nuances of personal tax management, weighing the convenience of software solutions against the expertise of professionals. From TurboTax to CPA consultations, we'll unravel the complexities to help you make informed financial decisions. Let’s dive in!

Are you aware of the potential reasons why you might need to amend your taxes? From overlooked investment statements to complex family dynamics impacting dependents, Jeff explores various scenarios that could prompt tax return revisions. Let’s dive in!

In this episode of Tax Insights Podcast, Jeff Dvorachek explores the ins and outs of IRA contributions, from maximizing refunds to navigating spousal contributions and age considerations. Get ready to unlock the potential of IRAs and optimize your tax strategy like never before.

Today on Tax Insights, Jeff explores into the realm of tax credits for homeowners looking to upgrade their properties. Tune in as he explores the benefits offered by the IRS for energy-efficient upgrades. From windows and doors to air conditioning units, discover how these tax credits can ease the financial burden of enhancing your home's efficiency and comfort.

Join us on today's episode of Tax Insights as Jeff dives into an often-overlooked aspect of personal finance: interest rates on personal family loans. Discover why charging interest on such loans is not just a choice, but a legal requirement, and learn how the IRS ensures compliance even within familial transactions.

The purposed tax bill would increase the child tax credit and restore critical research and development deductions. Dive into the latest Tax Insights Podcast as Jeff unravels the complexities of a new tax bill that could impact your 2023 and 2024 taxes.

In this episode of Tax Insights Podcast, Jeff explores the unexpected drawbacks of a larger paycheck in 2024. Discover the unforeseen complexities of reduced withholdings, increased tax brackets, and standard deductions. Let's listen in.

Welcome to the Tax Insights Podcast, where we break down complex tax topics into bite-sized how-tos. In this episode of Tax Insights Podcast, Jeff Dvorachek unravels a significant move by the IRS that took place in December 2023. Join us as Jeff explores the details of the IRS's penalty relief for millions of Americans, examining its impact, the criteria for forgiveness, and the automatic refund process. Stay tuned to understand how this decision, rooted in COVID-19 challenges, affects...

In our latest Tax Insights with Hawkins Ash CPAs, we're discussing the exciting journey from a side hustle to a legitimate business. Discover valuable tips, advice, and insights on record-keeping, structures for tax savings, and navigating the quarterly tax landscape. Whether you're just starting or experiencing significant growth, Jeff provides essential information to ensure you're on the right track. Subscribe now and empower yourself with knowledge to conquer your tax journey!

In this episode of Tax Insights Podcast, Jeff shares tips on making financial record-keeping and tax filing easier for you as a business owner. Acknowledging the transition from 2023, Jeff highlights the significance of early tax preparation to ensure a smoother fiscal journey. Let’s dive in.

As the year draws to a close, small business owners and individuals contemplate their financial standing, especially concerning capital gains and losses. In this episode of Tax Insights Podcast, Jeff sheds light on the significance of strategically managing capital gains and losses for optimal tax benefits.

The Corporate Transparency Act, also known as B O I (Beneficial Ownership Information) reporting, is a groundbreaking regulation set to take effect on January 1, 2024. This legislation mandates millions of small businesses, ranging from local LLCs to large corporations, to file a form with the U S Department of Financial Crimes and Enforcement Network. In this episode of the Tax Insights Podcast, Jeff provides expert insights on Beneficial Ownership Information reporting, outlining key...

As the financial landscape evolves, it becomes increasingly crucial for individuals to reconsider their retirement savings strategies. In this podcast, Jeff emphasizes the importance of understanding the tax implications of 401(k) contributions and how these changes could impact your financial future.

Succession planning is a crucial aspect of family-owned small businesses. Transitioning a business from one generation to the next requires careful consideration, particularly from a tax perspective. We delve into the various ways and ideas for family business owners to plan for the next chapter in their legacy. In the episode of the Tax Insights Podcast, we discuss how to make the process smoother, what to consider in the early stages, and the benefits of involving the next generation early on.

Welcome to the Tax Insights Podcast, where we break down complex tax topics into bite-sized how-tos. In this episode, Tax Manager Jeff Dvorachek explains the intricacies of paycheck withholding. Discover why those 'zero, one, two' numbers matter, and how they can impact your tax situation. Whether you're aiming for a big refund or breaking even, understanding paycheck withholding is crucial. Jeff shares insights on adjusting your withholding throughout the year and offers recommendations for...

Join Jeff Devorachek, a certified public accountant, in this episode as he delves into a common tax dilemma: what happens when you can't pay your tax bill? Jeff will shed light on IRS penalties, payment plans, and the options available to you when facing tax debt. Learn how to navigate this financial challenge and make informed decisions to protect your financial well-being. Whether you're a seasoned taxpayer or new to the world of taxes, this episode provides essential insights. Subscribe...

Join Jeff Dvorachek, a Tax Manager, as he explains what a cash flow statement is, why it's crucial for your business success, and how it reveals the true health of your company. Jeff shares his expertise on understanding cash flow components, getting paid as a business owner, and the importance of having a reliable team of experts. Whether you're a seasoned entrepreneur or a new business owner, we've got you covered with quick and entertaining tax tips. Subscribe now to unlock the secrets...

In this episode of Tax Insights, join Jeff Dvorachek as he dives into the world of financial ratios and their significance for business owners. Jeff explains the importance of utilizing liquidity ratios, efficiency ratios, and profitability ratios to track business trends and make informed decisions for your company's future. These ratios provide valuable insights into your business's financial health, helping you identify trends, potential issues, and areas for improvement. Don't miss...

In this episode, certified public accountant Jeff Dvorachek discusses three essential reports that can help business owners stay on track with their goals. Discover how customer detail reports, vendor reports, and job-specific division reports can provide valuable insights for your business's success. It's easy to get caught up in day-to-day activities, but these reports can keep you informed and ensure continued success. Tune in and gain expert advice from Jeff and his team at Hawkins Ash...

Discover how to make smart business decisions by harnessing the critical information found in financial statements. In this episode, Jeff Dvorachek, a tax partner at Hawkins Ash CPAs, dives into the world of QuickBooks reports and reveals actionable insights for maximizing your business's success. From balance sheets to customer reports, learn how to leverage the data at your fingertips to drive growth, identify opportunities, and enhance client relationships. Tune in now and unlock the key...