Agahi Advisors

Start a new business last year? Will the IRS think so too? There are actually 9 factors that the IRS uses to determine if you have a business. We can help you figure this out and get things ordered properly on your tax return.

What would your financial situation -- both personal and business -- look like in a year if you applied this principle to all of your financial decisions?

NOTE TO INTERNATIONAL TRAVELERS If you've got over $52,000 in unpaid tax debt, you're going to have to pay it or set up an installment plan before you travel internationally. This law has been in effect since 2015 for international travelers looking to renew a current passport or obtain a new one. So if you have a trip planned, and unpaid tax debt, better give us a call ASAP. We'll help you get to your destination on time.

As softwares and auditors expand their reach, time is running out for businesses to figure out and enact sales tax requirements for their remote sales. If your business needs help determining the new tax obligations, we're here for you.

Can your tax software do this? ;)

NEW THIS YEAR: Investment earnings in a 529 Savings Plan can pay for private school tuition tax-free, and many states now offer deductions for contributions into 529 Plans. Find out more details (and additional deductions available) with our free download.

If you need a new car but have unpaid tax debt, it's going to be very difficult to get a car loan. A home loan will be even more tricky. You'll have to deal with your tax problems first. We can help.

We're big fans of automation -- but not in all instances. For example, do NOT "automate" your tax preparation process with off-the-shelf software. Especially of the "free" variety. We have to clean up so many mistakes made by these products (and their users!), that I cannot, in good conscience, recommend them. Yes, we're obviously biased. But the facts are the facts. Take a gander at this, for just one small example...

Tax Deadline Alert for Businesses: Big tax deadline coming in about a week on March 15 for Partnerships and S Corporations. Is this you? Are you ready? Call us for any last-minute help you might need.

Yes, you can take the increased standard deduction this year. But what if your calculations are wrong and there is much more that you can do? And then, of course, there is STATE filing to think of -- you might be better served to itemize (or you may not be allowed to, or it won’t save you.) But you won't know unless you do your research -- this guide is a simple way to start.