At Daniel Ahart Tax Service‘s expertise, personalized assistance, and commitment to compliance can greatly benefit businesses If you’re starting a new business or need to manage your taxes more efficiently, obtaining a Tax ID or Employer Identification Number (EIN) is crucial. This identifier serves as your business’s social security number for tax purposes, enabling you to open bank… [Read More]

To schedule an entity formation consultation with a tax advisor, you can follow these steps: What to expect during the consultation with a tax advisor? During the consultation, the tax advisor will discuss your business goals, help you understand the tax implications of different entity types, and provide guidance on how to structure your business… [Read More]

Yes, one of the biggest advantages of cloud bookkeeping is the ability to collaborate easily with your accountant or bookkeeper. Most cloud bookkeeping platforms allow you to invite your accountant to view or manage your books in real time, eliminating the need to exchange spreadsheets or paper statements. This real-time collaboration makes tax planning, financial reporting, and… [Read More]

As a small business owner, you already wear multiple hats—CEO, marketer, customer service rep, and, often, bookkeeper. While managing your own books might seem like a cost-saving strategy, doing it the old-fashioned way (with spreadsheets or paper ledgers) could be slowing you down—and costing you more than you realize. So, is it time to digitize… [Read More]

What You Need to Do if You Missed the Tax Deadline? Life happens—and sometimes that means missing important deadlines, like Tax Day. But before you start stressing over late fees or letters from the IRS, take a deep breath. If you missed the April 15, 2025 deadline to file your taxes, you still have options… [Read More]

Maximize Your Tax Refund with One of the Most Valuable Credits Available When it comes to lowering your tax bill and possibly boosting your refund, the Earned Income Tax Credit (EITC) is one of the most powerful tools available to working individuals and families with low to moderate income. Yet, many taxpayers miss out on… [Read More]

Tax credits and tax deductions are both ways to reduce your tax liability, but they work in different ways. A tax credit is a dollar-for-dollar reduction in the amount of tax you owe. For example, if you owe $5,000 in taxes and you qualify for a $1,000 tax credit, your tax bill will be reduced… [Read More]

There are several tax credits that you may qualify for when you file your personal taxes for the year 2024. Keep in mind that as opposed to a tax deduction, a tax credit is a dollar-for-dollar reduction in the amount of tax you owe. For example, if you owe $5,000 in taxes and you qualify… [Read More]

If you’ve filed Form 4868, this extends your deadline to October 15th. It’s important to note that the extension granted by filing form 4868 only applies to the filing of your return, not to the payment of any taxes owed. We can help you with your tax problems! Reasons to file your tax return as soon as… [Read More]

Planning for retirement is one of the most important financial steps you can take. Yet, many people struggle to determine exactly how much they need to save. Fortunately, a Retirement Savings Calculator can provide valuable insights, helping you set realistic goals and adjust your savings strategy accordingly. At Daniel Ahart Tax Service, we understand the importance of financial… [Read More]

Tax season can be stressful, but with the right preparation, you can maximize your refund, avoid costly penalties, and save valuable time. Whether you’re filing as an individual or a business owner, having your documents in order before submitting your tax return is essential for a smooth and hassle-free process. At Daniel Ahart Tax Service, we understand… [Read More]

The Importance of Meeting These Deadlines Failing to meet the contribution deadlines means missing out on: The deadline for most retirement contributions for the tax year 2024 is April 15, 2025, which is the same deadline for filing your tax return for the year 2024,” shared Daniel Ahart, chief tax officer at Daniel Ahart Tax… [Read More]