Direct vs. Indirect Cash Flow: What Are the Differences?

Learning the difference between direct vs. indirect cash flow is not as complicated as one may think. These methods differ by the transactions used to determine your cash flow statements. Indirect cash flow takes the net income and uses it as the base. It then adjusts as needed. In contrast, you can use direct cash […]

Tax Changes in 2022 That You Should Know

Accounting and Tax Advisers CPAs is here to help you understand the 2022 tax changes and how they might affect you.   Your taxes may look a little different in 2022. Many of these tax changes are a result of the pandemic and might qualify you to get more money back. To ensure your taxes […]

Investing and Taxes: What You Need to Know

It’s easy to forget that while investing can bring us financial freedom, it comes with many other responsibilities. We need to pay taxes on our investment earnings just like any other source of income.  If you’re looking to dip your toes into the investment world, our experts at Accounting & Tax Advisers CPAs, Ltd. have […]

Remote Working Tax Implications: What You Should Know

The COVID-19 pandemic turned remote work into a requirement almost overnight. Now, working from home may continue to be part of the norm. If you transitioned to remote work either temporarily or more permanently, this move could affect your taxes. It’s crucial to understand your state’s tax implications for your remote work. You wouldn’t want […]

Can You Go to Jail for Not Paying Taxes?

Can you go to jail for not paying taxes? The answer is that it depends on the circumstances and your intentions. According to the experts at Accounting & Tax Advisers CPAs, it’s essential to understand what the IRS considers tax crimes. Consulting a professional tax specialist is the best way to keep on the right […]