Red Flags That Can Trigger An Audit
There are many red flags that can lead to an IRS audit; we are going to tell you a few key triggers to watch out for! An obvious red flag...
The Benefits of Prepay Expenses!
There is an easy & legal advantage that every business owner should be aware of, which we will review today! Prepay Expenses are payments...
Will Student Loan Forgiveness Raise Taxes?
President Joe Biden has announced new updates to the Student Loan Forgiveness plan. This plan can erase up to $10,000 of federal student...
A New Way to File Taxes?
The IRS is expected to roll out a new way for Americans to file their taxes. The new act signed by President Biden allocates $15 million...
XQ CPA Newsroom Update - IRS Gets $80 Billion!
Today, the XQ CPA Newsroom brings you big updates! This past Sunday, the U.S. Senate passed the Inflation Reduction Act, H.R. 5376, and...
Information to be Aware of Claiming an ERC!
If you are a business owner and someone approaches you about claiming employee retention credit, BEWARE! There have been scammers in the...
GDP & How it Concerns All of Us!
As the GDP rate has continued to fall, it is something all business owners should be keeping an eye on. The ebbs & flows of developments...
Adrian Reyes: Intern Experience
Here at XQ CPA we are very fortunate to give career opportunities to the greatest talent by providing them a chance to learn on their...
Upcoming Tax Deadlines!
We hope that you are enjoying the summer season & taking much-needed time to regroup/recharge. However, don’t forget that the deadline to...
Received a letter from the IRS? Here is what to do.
As a business owner, you have many responsibilities especially when it comes to reporting to the IRS. Today, we are going to talk about...
