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With the deadline to make final 2023 quarterly estimated tax payments just around the corner (January 16), here are four facts you should know to avoid possible penalties : 1. Who needs to make a payment? Taxpayers who receive income that is not subject to tax...

Here’s an easy question: Do you need more 2023 tax deductions? If the answer is yes, continue reading. 2023 Last-Minute Vehicle Purchases to Save on Taxes Next easy question: do you need a replacement business vehicle? If so, you can simultaneously solve or mitigate...

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...

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...

With the ever-changing landscape of taxes, navigating small business tax deductions can feel overwhelming. But when it comes to business travel expenses, there are certain tax breaks you should be aware of to help streamline your filing process and maximize your...

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 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...