How to Decide if You Need a Tax Extension (and things to know before you file for one)

Even the brightest minds have found tax season daunting. Albert Einstein reportedly once quipped that “The hardest thing in the world to understand is the income tax.” Tax extensions might be the second hardest.  As the tax season approaches, many individuals find themselves facing the looming deadline of April 15th. Sure, the annual deadline never...

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Avoiding Common Tax Pitfalls: An 8-Step Plan to Help Small Businesses Ensure Accurate Tax Filings

Small businesses often face challenges when it comes to tax filings and those challenges can -- and do! -- cause considerable stress. In fact, research tells us that 80% of small business owners in the U.S. feel stressed during tax season with almost 63% of them rating that stress at three or more on a...

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Streamlining Your Small Business Tax Preparation: A Step-by-Step Guide

Taxes. Is there anything small business owners dread talking about more? Tax preparation often feels like a monumental, not to mention confusing task, no matter how long you’ve been in business.  (more…)

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Is your business prepared for year-end?

It's coming down to the wire. The year has already passed us by as fast as the last one—well, maybe not that fast when you're stuck at home all year long, but it's still been fast. And your financial services professionals at Cove Professional Services understand that many businesses haven't begun to fully prepare for...

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Some of the Most Significant Tax Law Changes for 2021 to Know Before Your File

As the year is coming to a close, it means that we’re all that much closer to tax preparation and filing time. Don’t you love to hear that?! At Cove Professional Services, we’re always staying on top of the most critical tax law changes to ensure our clients are always in the know. Here are...

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