Whether your small business is thriving or going through a rough patch, you always want to maximize your revenue streams while decreasing potential losses. One great way to help ensure positive cash flow is to make sure you’re taking advantage of every available income tax deduction at your disposal, especially as we all attempt to navigate these challenging times.

Keep reading to discover 10 small business tax deductions that can help your business weather the storm and pay less in taxes.

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Taxes can be confusing, and errors are bound to happen. If you realize that you made a mistake on your taxes after filing, an amended tax return may right any potential wrongs — helping you avoid potential fees and penalties or even improving the amount of your return in the process.

In this blog, we will explain:

• What an amended tax return is
• When you should file an amended tax return
• How to file an amended tax return
• And how S.H. Block Tax Services can help

Let’s get started!

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If you hate clutter, throwing away your receipts seems like the natural thing to do. Even people who aren’t as concerned with tidiness often toss their receipts in the nearest wastebasket as a matter of habit. And if you’re in the mood for spring cleaning, it’s easy to trash receipts and documents without examining them carefully or considering their importance.

Unfortunately, this practice can have negative consequences when it comes time to file your taxes. An organized and complete paper trail of your expenses can ensure that your tax return is accurate, and you get the refund you deserve. As you go about your spring cleaning this year, be sure to gather all of your receipts and review them fully.

Keep reading to learn why saving your receipts is so important and how a neat and orderly accounting of your payments can maximize your tax returns.
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While everyone loves the convenience that technology provides, but there are many risks when companies store our personal information online or on the cloud. Almost every day, scammers are stealing Social Security numbers, credit card numbers, and other sensitive personal data. At S.H. Block Tax Services, we’re painfully aware that tax identity theft still poses a huge threat.

In this article, we discuss the troubling increase we’re seeing in data breaches and what you can do to protect your tax refund and privacy.

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Now that the 2019 tax year is over, we’re entering the busy 2020 tax season. However, before you file your 2019 tax return, it’s a good idea to reacquaint yourself with U.S. tax laws. This is especially true this year, since the IRS announced some big changes.

Keep reading to learn how tax filing has changed for the 2019 tax year and tips for confusion-free filing.

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