Nexus United

18 Nov 24

Understanding Investment Basis and Its Impact on Investments

When it comes to managing your taxes and investments effectively, understanding basis is essential. In tax terms, the basis is the starting point for determining your gain or loss when you sell an asset. It is also a critical factor in calculating depreciation, amortization, and depletion deductions. For investors, keeping…

This picture is about 8 common accounting mistakes

14 Nov 24

Common Accounting Mistakes and How to Avoid Them

Accounting is a vital part of any business. Whether you’re a small startup or a large corporation, the way you handle your finances can make or break your success. Despite its importance, accounting is an area where many businesses fall short, often due to common mistakes that are easy to…

11 Nov 24

Understanding Financial Statements: A Beginner’s Guide

Financial statements are the cornerstone of business accounting, providing a snapshot of a company’s financial health. Understanding financial statements is essential for anyone involved in business—whether you’re a business owner, investor, or student. This guide will break down the components of financial statements, their significance, and how to interpret them…

02 Nov 24

Benefits of Health Savings Accounts for Maximum Savings in 2025

Article Highlights: Medical Savings Account Retirement Account High-Deductible Plan Eligible Individuals Monetary Qualification for an HSA Qualification Chart Maximum Contributions Establishing an HSA Qualified Medical Expenses The Health Savings Account (HSA) is one of the most misunderstood and underused benefits in the Internal Revenue Code. Congress created HSAs as a…

07 Aug 24

How to Protect Yourself Against Coronavirus-Related Fraud

The COVID-19 pandemic has affected millions of people worldwide, both in terms of health and finances. During such difficult times, many fraudulent activities have emerged, preying on individuals’ fears and vulnerabilities. From fake vaccine offers to phishing scams, the pandemic has seen a rise in coronavirus-related fraud. It is crucial…

22 Oct 18

IRS Announces MeF Shutdown and Cutover Dates

IRS has announced that the Modern e-File System (MeF) will commence its annual shutdown and cutover maintenance period on Saturday, November 17, 2018, at 11:59 p.m. in order to prepare the system for the upcoming Tax Year 2018 Filing Season See the full text of the announcement here. Preparers should…

16 Oct 18

Tax Preparer Education Requirements: Qualifications & Certifications

Being a tax preparer comes with specific responsibilities that require continuous professional development. The IRS mandates continuing education for tax preparers to ensure they are informed of the latest tax laws, due diligence changes, and best practices for accurate and reliable tax services. Let’s explore the Tax Preparer Education Requirements…

16 Oct 18

Refund Timing for Earned Income Tax Credit & Additional Tax Credit

The tax industry stakeholders are projecting refunds will begin hitting accounts mid-week, Feb 22nd. This is just an estimate and not a guarantee and it could take 7-10 days for the backlog of refunds to be caught up. Also note, the refunds may not be deposited in the order of…

16 Oct 18

5 Mistakes Preparers Make When Buying Tax Software

Refusing To Adopt Cloud-based Software The tax preparation software industry is probably one of the slowest industries to embrace cloud technology for software needs. There are items to be concerned about, however, if banking, finance, trading, healthcare and other sensitive data can reside in the cloud, isn’t it time to…

Understanding Investment Basis and Its Impact on Investments

Common Accounting Mistakes and How to Avoid Them

Understanding Financial Statements: A Beginner’s Guide

Benefits of Health Savings Accounts for Maximum Savings in 2025

How to Protect Yourself Against Coronavirus-Related Fraud

IRS Announces MeF Shutdown and Cutover Dates

Tax Preparer Education Requirements: Qualifications & Certifications

Refund Timing for Earned Income Tax Credit & Additional Tax Credit

5 Mistakes Preparers Make When Buying Tax Software

USEFUL LINKS

ADDITIONAL INFORMATION

INTAKE FORMS