Managing Your QuickBooks Activity

Happy Valentine’s Day! While this holiday is traditionally focused on the love and well being of your special someone, it’s our job here a...
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Warning Signs of Identity Theft, and What to Do if You Become a Victim

It seems that every week, I receive alerts about identity theft and tax scams – old and new – making the rounds in the form of e-mails, sn...
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Additional Tax Returns You May Be Forgetting About

Many people believe that our office doesn't really get busy until February when tax season kicks in. The reality is that for us accountants,...
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2020 Tax Scam

Watch out for tax scams relating to Michigan Taxes Due. This was received from the State of Michigan today: Treasury: Scammers Using Fake Letters in...
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Planning for Tax Year 2020

Now that 2019 is two days in the past, it is already time to begin preparing for 2020. Here are a few tips to help make your 2020 tax process more eff...
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Last Minute Tax Saving Suggestions

CHECK YOUR WITHHOLDING: Many taxpayers had a big surprise last April - they owed taxes! To avoid another April surprise, use the IRS withholding...
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Upcoming Changes to Retirement Contributions in 2020

401(k) contribution limit increases to $19,500 for 2020; catch-up limit rises to $6,500 The Internal Revenue Service today announced that employees i...
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End of the Year Tax Planning

As the end of the year approaches, we’d like to remind our clients that it’s the perfect time to start tax planning and see how the past y...
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Taxpayers Should Be on the Lookout for New Versions of These Two Scams

With scam artists hard at work all year, taxpayers should be on the lookout for a surge of evolving phishing emails and telephone scams. Taxpayers sh...
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Tax Season Updates

As the month “Marches” on, and we at LBF are in full tax season mode, we want to remind those of you whose returns we have finished to ple...
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Income Tax Refund Information

Many people receive tax refunds from the IRS and wonder how long it will take to receive your refund. You wait by the mailbox or look at your bank acc...
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How Long Should You Keep Your Personal Income Tax Documents?

As you are collecting your tax documents for this year’s tax return (or stuffing them in a file drawer if your return has already been filed), y...
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IRS Website Help

While we’re now two weeks removed from Punxsutawney Phil’s early spring prognostication, spring doesn’t really come for us at LBF Gr...
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2019 Tax Season

Despite several setbacks, the IRS has officially opened up filing for the 2019 tax season. The IRS anticipates refunds to start being issued the first...
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Changes to Qualified Tuition Programs

The Tax Cuts and Jobs Act (TCJA) has made some changes to qualified tuition programs (“QTPs,” also commonly known as “529 plans&rdqu...
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