business taxes Archives - Edgewater CPA Group

5 Tips for Using AI Responsibly in Accounting

April 1, 2024 | Business Tax Strategy

Artificial Intelligence (AI) has become a game-changer in various industries, including accounting. Many business owners are curious about how they can leverage AI to streamline their accounting processes and improve efficiency. However, using AI in accounting requires careful consideration and responsible implementation to ensure accurate results and data security. Below, you’ll find five tips from the accounting experts at Edgewater CPA Group on how to use AI responsibly in accounting.

3 Common Payroll Tax Issues

March 1, 2024 | Accounting Services

As a business owner, managing payroll is tricky and time-consuming. From ensuring accurate calculations to staying compliant with tax laws, many potential pitfalls can arise when handling payroll in-house. Edgewater CPA Group helps businesses of all sizes handle their payroll. So, here are three of the most common payroll tax issues all business owners should know to avoid hefty tax penalties.

Why Proper Documentation is Crucial for Tax Season

November 17, 2023 | Business Tax Strategy

As a business owner, you know that tax season can be a stressful and challenging time. One of the most critical parts of preparing for taxes is ensuring you have the proper documentation to support your business deductions and expenses. Proper documentation can make the difference between a smooth tax season and a headache-inducing one. So, Edgewater CPA Group is here to discuss why proper documentation is crucial for tax season and how it can help ensure that you maximize your deductions and minimize your tax liability.

4 Ways to Avoid an IRS Audit

October 16, 2023 | Business Tax Strategy

As a small business owner, do you cringe at the thought of being audited by the IRS? You’re not alone. The prospect of an IRS audit can be frightening, costly, and time-consuming. However, the good news is that there are ways to avoid an IRS audit altogether, and Edgewater CPA Group can help you do just that with proper tax prep.

What Do I Need to Know About Self-Employment Taxes?

August 26, 2023 | Business Tax Strategy

For many people, being self-employed represents a dream come true. You can be your own boss, set your own schedule, and do something that you love doing. However, with the freedom of being self-employed comes the responsibility of paying taxes. If you are unsure about how self-employment taxes work, don’t worry, you are not alone. Thankfully, you’ve got the team at Edgewater CPA Group here to help you navigate taxes when you’re self-employed.