Credits, Deductions

We’ve all heard of tax credits and tax deductions. And we know that tax credits and tax deductions are good things. And that they can save you money come tax time. But have you ever considered how they work? And if there’s a difference between them? In this post, we’ll take a closer look at…

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TFRP or Trust Fund Recovery Penalty What does TFRP mean? Trust Fund Recovery Penalty also known as TFRP, basically means you a can be held personally liable for a penalty for not properly managing employment taxes of a business. This is known as the “trust fund recovery penalty” (TFRP). The TFRP is not a penalty…

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How to Choose the Right Tax Professional

Choosing the right tax pro for your tax needs can be confusing. Here are some tips on finding the best to help you with your tax concerns. When you are ready to use successful and valuable methods of resolving your problematic tax matter, hire a tax professional to advocate and guide you. You can use…

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