As the school year rolls into February, suddenly the realization sets in that high school seniors only have a few months left before...

Clients always ask how long they should keep their tax returns and documentation. Here at Pace Accounting we generally suggest the...

Focusing solely on sales and profits can create a surprise for any business when there is not enough cash to pay the bills. Here are five...

Basis is a common IRS term, but probably does not enter into your everyday conversation. This IRS term is important because it impacts...

If you have children or grandchildren, you have an opportunity to give them a jump-start on their journey to becoming financially...

No one likes the stress involved when your tax return is under the audit spotlight. Here are some ideas to avoid some of the more common...

Tax surprises not only cost money, but also can create unwanted delays in filing your tax return and obtaining a refund. Here are five...

Partnership Decisions Planning to start a business partnership with a friend? Prudence demands looking at the pitfalls - as well as the...

To be claimed as your dependent, an individual must meet five tests: Gross income test. In 2018, the gross income test is met if the...

Being a parent brings tremendous rewards, but also the challenge and responsibility of supporting and educating your child. Fortunately,...

Did you know every time someone, including you, reviews your credit report a credit inquiry is added to your report instantly? A credit...

Here's an important message from the IRS: Tax Tip 2018-188 Small businesses should be on-guard against a growing wave of identity theft...