Foncannon Tax & Financial Services blog page

5 Tips to Reduce Tax-Filing Stress: Prepare for Next Season Now

5 Tips to Reduce Tax-Filing Stress: Prepare for Next Season Now

Now that tax season is behind us, it's never too early to start planning for the next filing season. By taking proactive steps and implementing a few simple strategies, you can reduce tax-filing stress and ensure a smoother process. In this blog post, we will share...

How Long Should I Keep My Tax Records?

How Long Should I Keep My Tax Records?

Now that the tax season is over (unless you file an extension), it's the perfect time to organize your tax-related documents. It's best to keep these documents for at least three years after the due date of your tax return (the IRS usually has this much time to...

4 Common Federal Tax Refund Myths Debunked

4 Common Federal Tax Refund Myths Debunked

Are you eagerly awaiting your tax return? Curious about the status of your refund? This year, there are a number of misconceptions surrounding refunds that may be confusing. Below, are four of the most common federal tax refund myths: Myth #1: Calling the IRS, a tax...

3 Reasons Why Your Tax Return Should Be Direct Deposited

3 Reasons Why Your Tax Return Should Be Direct Deposited

As tax season approaches, there are many decisions to make that will impact how quickly you can receive your tax return. One of the most important, and often overlooked factors, is deciding how you want to get paid when filing your taxes – pay by check or direct...

Thank you!

Thank you!

Thank you for voting for us! This past Thursday, we were voted 'Best Accountant' in the Evansville’s best of the best Reader’s Choice Awards! We are thankful for your support and for our amazing team members who are the backbone of Foncannon CPA group. Happy...

The Top 3 Ways To Disaster-Proof Your Documents.

The Top 3 Ways To Disaster-Proof Your Documents.

Did you know that September is National Preparedness Month? The IRS is wrapping up their campaign ”urging everyone to update and secure their records to prepare now for natural disasters.” Along with grabbing the essentials like toilet paper, water, and food, there...

Part two: what tax deductions can your business claim in 2022?

Part two: what tax deductions can your business claim in 2022?

This is the second post in our blog series on Business Tax Deductions in 2022. This multi-article blog series focuses on tax-deductible expenses you can leverage to reduce the tax bill in your business. Understandably, tax season is the most dreaded time of the year...

Part one: what tax deductions can your business claim in 2022?

Part one: what tax deductions can your business claim in 2022?

This is the first post in our blog series on Business Tax Deductions in 2022. This multi-article blog series focuses on tax-deductible expenses you can leverage to reduce the tax bill in your business. Taxes can be a headache to business owners. Despite the...