Documentation in Accounting
At Marcus, Fairall, Bristol the sensitivity of financial data is a top consideration. We have put in place multi-factor measures to ensure the privacy of all of our client files. Safeguarding the privacy of client information is a top priority and these record-handling procedures determine the manner in which we handle, save, and use documentation. […]
What Is Estate Planning?
Investments, cars, homes, savings, and personal possessions owned at a person’s death are their estate. Upon an individual’s death, their estate is given to heirs. The assets must be distributed through the instructions on the deceased’s will. That is known as estate planning and is crucial to protect assets. Today we talk about what people […]
Why are Small Businesses Important for the Economy
Why Are Small Businesses Important for the Economy? Considering the United States is home to seven of the world’s top 10 highest-value companies, it may seem odd to say that small businesses are what keep the perpetual wheel turning. Think of the American economy, and the mind jumps to tech giants and financial titans. Nevertheless, […]
Stimulus Update
If you did not receive your stimulus check, there is a process for getting missed payments. Here is how you do it: If you did not receive the 1st or 2nd stimulus payments, the first thing you need to do is create an account on irs.gov. That will show you your tax records including the stimulus […]
The Most Efficient Tax Strategies: Everything You Need to Know for Your IRS Tax Return 2021
The previous federal tax overhaul, which was signed into US law by Trump in 2017, has led to reduced individual income tax brackets – but also eliminated the ability to itemize deductions for a number of taxpayers. Nonetheless, these provisions will expire in 2025 unless there is further legislation to make such cuts permanent. There […]
Small Businesses Feel Brunt of Coronavirus
If you are the owner of a small business you are already well aware of the devastation that the coronavirus has caused, particularly for those with four or fewer employees. You’re not alone. As this outbreak continues U.S. businesses are struggling to survive. The pandemic has resulted in layoffs, closures, and loss of income for […]
Important Reminders Before Filing 2020 Tax Returns
WASHINGTON — Following an unpredictable year with many changes and challenges, the Internal Revenue Service today shared important reminders for taxpayers who are about to file their 2020 federal tax returns. Related Articles The Most Efficient Tax Strategies: Everything You Need to Know for Your IRS Tax Return 2021 Form 1040-EZ vs 1040A vs Form […]
What Medical Professionals Should Know About Accounting
New developments and adaptations of technology and procedures within the medical profession are what drive our CPA firm to adapt our procedures to this dynamic and exciting industry. Our experienced professionals are specialists in accounting for the medical professional. Marcus, Fairall, Bristol is positioned to assist you in your professional practice with medical-based financial accounting […]
What Questions Should I Ask a Business Accountant?
If you’re a business owner, hiring an accountant for expert advice is a good idea for your finances. So before you book an appointment, here are some questions you may want to ask your business accountant. Related Articles What does an Accountant Do? When to Hire a Forensic Accountant? How Small Business Owners Can Manage […]
What Are Federal Tax Liens? A Complete Overview
What is a federal tax lien? When a federal tax bill goes unpaid, the government imposes – a penalty – or lien- against certain property and property rights. In general, a tax lien serves to guarantee the payment of a debt. For IRS purposes, the taxable property includes but is not limited to income taxes, […]