IRS Tells Thousands of Taxpayers They May Face Jail Time
The IRS has recently issued warnings to thousands of taxpayers, indicating they could face jail time for filing false tax returns. This crackdown is a response to widespread fraudulent claims related to specific tax credits, such as the Fuel Tax Credit, the Sick and Family Leave Credit, and household employment taxes. If you’re concerned about […]
The Benefits of Outsourcing Accounting Services for Small Businesses
Feeling overwhelmed with all those numbers and taxes? Running a small business is tough, especially when you’re juggling everything alone. There’s a smart solution: outsourcing your accounting. When it’s time to team up with pros, look no further than Marcus, Fairall, Bristol + Co, PLLC. We’re a group of certified public accountants (CPAs) right here […]
Top Tax Deductions You Might Be Missing
As you prepare for the upcoming tax season in El Paso, it’s time to note all the areas where you can save money. While many taxpayers are aware of popular deductions, such as mortgage interest and charitable contributions, you may benefit from plenty of other deductions. Marcus, Fairall, Bristol, & Co. is El Paso’s reliable […]
What Types of Cases Do Forensic Accountants Handle?
Forensic accounting is detective work: It is very much a process of following the money. David Marcus is the managing partner of Marcus, Fairall, Bristol & Co., PLLC; the only accounting firm certified to offer forensic accounting services in the El Paso area. He says that Forensic accounting firms play a critical role in uncovering […]
Tips on Tax Reductions for Businesses
For businesses of all sizes, managing taxes is a critical aspect of financial planning. Finding ways to legally and strategically reduce tax liabilities can improve cash flow, boost profitability, and contribute to long-term success. If you’re struggling to navigate the complexities of business taxation, Marcus, Fairall, Bristol + Co., PLLC is here to help. Contact […]
Tips on Effective Debt Management for the Business Owner
Effective debt management is critical for the financial health of any business. Business owners must be aware of their debt to develop a plan to manage it and monitor their progress regularly. Doing so can cut costs, promote cash flow, and uphold a good credit score. If you are a small business owner in the […]
An Overview of Forensic Accounting and Its Importance
Forensic accounting is a specialized field that entails the use of accounting, auditing, and investigative skills to uncover financial wrongdoings, misappropriations, and disputes with the help of a Certified Public Accountant (CPA). Forensic accounting aims to generate factual and reliable financial data in the form of expert reports that can be used in legal affairs. […]