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Avoiding surprises as a business owner is crucial to ensure you have a successful business. The same goes for managing your personal finances. By subscribing to our blog and newsletter you get the latest updates on the world of finance and taxes. Additionally, by visiting our main topic categories below you can educate yourself on the various topics regarding tax education, personal finance, and business ownership. 

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Missy Dennis

Missy Dennis
Missy is a Partner at FJ & Associates, PLLC. She has over nine years of public accounting experience. Her public accounting experience has included tax, consulting and audit, with experience in a variety of industries such as low-income housing tax credits and non-profit accounting and small tax preparation. Missy is a licensed certified public accountant in the State of Utah.

Recent Posts

Protect Tax Records Before Disaster Strikes

Posted by Missy Dennis on Sep 1, 2020 8:03:00 AM

As such, it's always a good idea to plan for what to do in case of a disaster. Here are some simple steps you can take right now to prepare:

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Topics: Taxes, Tax Return

Filing an Amended Tax Return

Posted by Missy Dennis on Aug 20, 2020 8:35:00 AM

If you discover a mistake on your tax return after you've already filed, don't panic. In most cases, all you have to do is file an amended tax return. Here's what you need to know:

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Topics: Taxes, Tax Return

Here's How to Pay If You Owe Money to the IRS

Posted by Missy Dennis on Jul 13, 2020 7:48:00 AM

The federal tax deadline is quickly approaching. If you owe money to the IRS - including estimated and other business taxes - here are six options for quick and easy electronic payments:

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Topics: Taxes, Tax Return

July 15 Deadline for Reporting Foreign Income

Posted by Missy Dennis on Jul 8, 2020 8:14:00 AM

If you live or work outside the United States, you generally must file and pay your tax in the same way as people living in the U.S. This includes people with dual citizenship. Due to the coronavirus pandemic, people who live and work abroad have until Wednesday, July 15, 2020, to file their 2019 federal income tax return and pay any tax due. The deadline is normally June 15.

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Topics: Personal Finance, Taxes, Tax Return, Tax Preparation

Avoid These Common Errors When Filing a Tax Return

Posted by Missy Dennis on Jun 16, 2020 8:09:00 AM

When filing a tax return, mistakes such as the common errors listed below can result in a processing delay - and increase the amount of time it takes to receive a tax refund. Using a reputable tax preparer such as a certified public accountant, enrolled agent or another knowledgeable tax professional is usually the best way to avoid this. With this in mind, here are eight of the most common errors taxpayers make when filing their returns:

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Topics: Taxes, Tax Return, Tax Preparation

Small Business: Tax Consequences of Crowdfunding

Posted by Missy Dennis on May 28, 2020 8:26:00 AM

With the onset of the coronavirus pandemic, crowdfunding websites such as Kickstarter and GoFundMe have become an increasingly popular way for small business owners to stay afloat. The upside is that it's often possible to raise the cash you need; the downside is that the IRS considers that money taxable income. Let's take a closer look at how crowdfunding works and how it could affect your tax situation.

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Topics: Taxable Income, Business Ownership, Taxes, Small Business

Employee Retention Credit Could Help Your Business

Posted by Missy Dennis on May 19, 2020 8:11:00 AM

Businesses that have been impacted financially by COVID-19 may be able to take advantage of a new, refundable tax credit called the Employee Retention Credit. The credit is designed to encourage businesses to keep employees on their payroll and is worth 50 percent of qualifying wages up to $10,000 that are paid by an eligible employer.

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Topics: Business Ownership, Taxes, Tax Credit, Small Business, Business Expenses

Relief for Other Coronavirus-related Tax Issues

Posted by Missy Dennis on Apr 21, 2020 8:16:00 AM

Relief for taxpayers facing the challenges of COVID-19-related tax issues is now available through the IRS People First initiative. The projected start date will be April 1 and the effort will initially run through July 15, 2020. During this period, to the maximum extent possible, in-person contact will be avoided; however, the IRS will continue to take steps where necessary to protect all applicable statutes of limitations.

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Topics: Taxes, Tax Return

CARES Act: Information for Individual Taxpayers

Posted by Missy Dennis on Apr 9, 2020 8:07:00 AM

The Coronavirus Aid, Relief, and Economic Security (CARES) Act, the stimulus bill that was signed into law on March 27, 2020, contains legislation to stabilize the economy during the coronavirus pandemic. These measures include economic recovery checks for taxpayers, as well as several other tax provisions affecting individuals.

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Topics: Personal Finance, Taxes, Tax Credit, Tax Return

New Rules for Depreciation and Expensing

Posted by Missy Dennis on Apr 2, 2020 8:23:00 AM

As part of final guidance issued that pertains to the Tax Cuts and Jobs Act of 2017, new rules and limitations are in effect for taxpayers who deduct depreciation for qualified property acquired and placed in service after September 27, 2017, and, as a business owner, they could affect your tax situation. Let's take a closer look:

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Topics: Business Ownership, Taxes, Managing Your Tax Liability, Small Business