by masteradmin | May 24, 2023 | Our Blog
Being audited by the IRS is a situation that often scares taxpayers. There’s certainly nothing enjoyable about being audited, but it’s important to understand what really happens in this process. In this blog, we will go over what happens in an IRS audit so that you...
by masteradmin | May 15, 2023 | Our Blog
A tax projection is an estimation of the taxes a person or business will have to pay in the next fiscal year. This prediction can be made for both federal and state taxes. The IRS can provide this projection based on prior years’ returns and current financial...
by masteradmin | Apr 24, 2023 | Our Blog
When it comes to taxes, the situation can become stressful and confusing. It only gets worse when you receive letters from the IRS that you don’t understand. This is where Master Plan Tax Solutions comes in – we can help to clear up any misunderstandings and...
by masteradmin | Apr 10, 2023 | Our Blog
Tax Day is almost here and it can be a stressful time for many individuals. The process of filing taxes can seem overwhelming, but with the right preparation and knowledge, you can make sure that you are ready when the deadline arrives. Here’s what you need to know as...
by masteradmin | Mar 22, 2023 | Our Blog
It’s that time of year again! April 15th may be months away, but it’s never too early to start preparing for tax season. Maintaining your financial records is important all year round and tax preparation is no exception. That’s why the team at Master Plan Tax...
by masteradmin | Mar 13, 2023 | Our Blog
As a business owner, one of the most important aspects of your financial strategy is tax planning. Tax planning involves taking proactive steps to minimize your taxable income and maximize deductions. By understanding how taxes work and how to plan for them, you can...
by masteradmin | Feb 22, 2023 | Our Blog
Tax burdens can seem like insurmountable obstacles, making it difficult to move forward. Business difficulties can be just as daunting, with a myriad of regulations that can hinder growth. At Master Plan Tax Solutions, we understand how taxing (no pun intended)...
by masteradmin | Feb 16, 2023 | Our Blog
Knowing when to file your taxes is an important part of financial planning. It’s never too early to start thinking about filing season, so here’s a breakdown of when and how you should prepare for filing your taxes. Filing Deadlines The deadline for most people to...
by masteradmin | Jan 24, 2023 | Our Blog
If you’re a business owner, it can be difficult to keep up with the ever-changing tax codes. While many of these changes are relatively minor, there are some major overhauls that could significantly affect your bottom line. The key is knowing which laws have changed...
by masteradmin | Jan 11, 2023 | Our Blog
Strategic business planning is a process that outlines the roadmap for the future of your business. It involves researching and analyzing current trends in the industry, setting goals and objectives, making decisions on how to achieve those goals, and evaluating...
