News & Tips - Augustedge, PLLC

Unlocking the Mystery: The Surprising Tax Implications of Damage Awards You Need to Know!

Article Highlights: Complex Area of Tax Law Physical Injury and Physical Illness Wrongful Incarceration Emotional Distress Wrongful Death Employment Discrimination and Sexual Harassment Punitive Damages Egg Donor Pain and Suffering Interest Employer-Related Issues Injury to Capital and Lost Profits Business-Related Damages Deductibility of Attorney Fees Out of Court Settlements The taxation of damages and their deductibility by the payer is a complex area of [...]

By Augustedge Staff|2024-08-01T18:30:07+00:00August 12, 2024|Taxes|Comments Off

Top 5 Accounting Mistakes Small Business Owners Make and How to Avoid Them

Proper accounting is the backbone of any successful small business. It ensures that your financial records are accurate, helps you make informed decisions, and keeps you compliant with tax regulations. However, many small business owners, who juggle multiple responsibilities, often commit common accounting mistakes that can lead to significant issues down the line. Avoiding these mistakes can save you time, money, and stress. Here, [...]

By Augustedge Staff|2024-08-01T18:23:32+00:00August 9, 2024|Accounting|Comments Off

Reclaim Your Life: Essential Steps to Overcome Identity Theft and Secure Your Future

Article Highlights: Tax-related Identity Theft Immediate Steps for Taxpayers Report the Incident to the IRS Contact Other Agencies Secure Your Personal Information Stay Vigilant How the IRS Protects Taxpayers Special Number for Filing Tax Returns Obtaining an Identity Protection PIN (IP PIN) In an era where digital transactions and online interactions have become the norm, the specter of identity theft looms large, posing significant [...]

By Augustedge Staff|2024-08-01T18:19:31+00:00August 8, 2024|Uncategorized|Comments Off

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