Category: Accounting
-
Catch Up Your Books Before the Tax Extension Deadline
If your business filed an extension, it may feel like you bought yourself plenty of time. But an extension is not a bookkeeping strategy. The closer you get to the applicable filing deadline without clean, updated books, the less time remains to resolve missing records, reconciliations, and tax-preparation questions. A filing extension changes the filing…
-
IRS Interest Rates: When They Pay You vs When You Pay Them
1) Why IRS interest rates matter IRS interest can affect both balances due and overpayments. Underpayment interest generally applies when tax is not paid by the prescribed payment date. Overpayment interest may be allowed when the government holds an overpayment long enough to fall within the rules of § 6611. These rules are separate from…
-
The 5 Tax Questions Everyone’s Googling in 2025
This article was originally published in 2025 and addresses five common filing and payment questions: how to request an extension, when taxes are due, how to pay online, where to mail a Form 1040, and when tax season ends. The IRS links and legal explanations below were reviewed on September 10, 2026. For a small-business…
-
There’s Still Time in 2025 to Use the Augusta Rule – Even If You
This article was originally published in November 2025. The popular “Augusta Rule” is real, but the federal rule is narrower than many online explanations. Section 280A(g) can exclude certain short-term rental income received by the resident. It does not automatically create a matching deduction for a related business, and paperwork alone does not guarantee the…