When it comes to working on your taxes, earlier is better, but many people find preparing their tax return stressful and frustrating and wait until the last minute. If you’ve been procrastinating on filing your tax return this year, here are eight tips that might help. Don’t Delay Resist the temptation to put off your…

The gig economy, also called sharing or access economy, is defined by activities where taxpayers earn income providing on-demand work, services, or goods. This type of work is often carried out via digital platforms such as an app or website. There are many types of sharing economy businesses, including two of the most popular ones:…

William H. Jarrard, CPA (Bill) What year did you join JNR?  2005 Where did you go to college? Undergrad at South Carolina and Master’s at Clemson University Why did you choose Jarrard, Nowell & Russell? I was one of the founders of the firm back in 2005. It sort of chose me. What is your specialty at JNR? I…

If you’re conscientious about financial reporting, you may already have a sense of your company’s worth, but in some instances, you might need a formal business valuation, such as:  Certain transactions: Are you selling your business? Planning an IPO? Need financing? Tax purposes: This includes estate planning, stock option distribution, and S Corporation conversions. Litigation:…

Monday, January 24, 2022, was the official start to this year’s tax season. By now, everyone should have received the information they need to make sure they file a complete and accurate return. The start date for individual tax return filers is determined by how much time the IRS needs to perform programming and testing…