• Tips on How to Secure Your Identity While Filing Taxes Online

    With important personal information being shared online every second, keeping your identity protected is now more pertinent than ever. Many individuals have taken a liking to file their taxes online through verified tax sites, and while that may be beneficial for some, it can be potentially harmful when trying to keep your information private. Thankfully, our professionals have come up with expert tips on how to keep you and your information safe when filing your taxes online this coming tax season. Keep reading below to learn more! Never Use Public Wi-Fi This may seem like an easy one, [...]

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    What to Know About Deducting Donations from Your Tax Returns

    One of the most rewarding benefits of tax season is your ability to claim deductions that reduce the amount of taxable income you pay to the IRS. While there are common deductions for home and business owners like property, children, and even education; donations are also types of deductions that can be taken into consideration when filing your taxes. Do you make regular donations to a nonprofit religious, educational, or charitable group? If so, that would qualify you for additional deductions on your tax return. For more information on how you can go about claiming your donations, [...]

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    What To Do When You Are A Victim of a Tax Scam

    Tax scams are a serious issue throughout the United States, and they are constantly being identified and stopped by the IRS every year. However, recognizing a tax scam before it can take place is something tax professionals are desperately trying to educate individuals on in order to protect their identity. Often times it can be difficult to spot a tax scam and when you do, it should be handled appropriately and reported immediately. But how to do that, you ask? We have come up with 4 ways to report a tax scammer once your personal information has been jeopardized. Keep reading below! IRS[...]

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    How to Spot A “Ghost” Tax Return Preparer

    Tax season can undoubtedly be stressful and a bit expensive for some individuals. Unfortunately, these emotions are what attract ghost tax preparers that perform illegal tax services at a cheap price. Tax scammers - also known as ghost preparers - are not part of the IRS and do not have the proper identification or training to file a tax return but come across to customers as completely reliable. It is only until the service is complete and you have paid the fraudulent preparer that they refuse to sign the document allowing you to get your refund. Now you will have no choice but to [...]

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    Tips for Filing Amended Tax Returns in Springfield, Illinois

    Tax season can be hectic and confusing as you rush to gather important documents from over a year ago. With all of the requirements and specifications that taxpayers need to remember, oftentimes confusion and mistakes happen, leading to an inaccurate claim on their tax return. If you notice a major issue on your tax return, chances are the IRS will notify you and request that you amend your recent return to make any necessary corrections. Whether you filed under the wrong status or forgot to claim a dependent, an amended tax return is here to fix the mistake! If you’re unsure of how to [...]

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    Springfield Illinois: How to Recognize Scams Targeting Tax Professionals

    As a tax professional, you may not think that identity thieves and scammers would try to steal sensitive information from you or your clients, however that unfortunately is not the case. In fact, tax professionals are targeted specifically with demands of information or false direction for refunds from individuals impersonating the IRS. While a majority of tax professionals are aware of what fraudulent emails look like, some are unfamiliar to the warning signs that present themselves. For tips on how to recognize scammers as a tax professional, continue reading below. Fake Emails Many [...]

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    Springfield, Illinois: Benefits of Using A Bookkeeping Service for Your Small Business

    Owning your own business comes with many rewards, however, there are always tasks that many business owners dread doing, and bookkeeping is one of them. Bookkeeping is the process of recording all your incoming and outgoing earnings that track what you are spending on certain products and what your overall revenue comes out to be. Instead of letting your bookkeeping duties slip past you, hire a professional bookkeeping expert to take care of the job for you! If you are interested in hiring a bookkeeper, here are a few benefits to their services that you should know first. Opportunity for [...]

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    Springfield, Illinois: How Would Your Business Benefit from Small Business Accounting Services?

    While many aspects of being a business owner are exciting, there are a few tasks that are meant to be handled by an outside source – that being your finances. Many business owners attempt to do their accounting and paperwork, only to realize that there are specific steps that must be taken to ensure that your finances are secure and up to date. At JLW Tax & Bookkeeping Services, we provide small business owners with professional accounting services to organize and keep track of all of their incoming and outgoing expenses. If you have a hard time keeping track of your revenue, call us[...]

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    Springfield Illinois: Tips on How to Prepare Your Taxes

    With the end of year approaching, tax season is right around the corner, making it the perfect time to start thinking about your state and federal tax returns. As a business owner, there are many forms and regulations to keep track of when it comes to claiming your business on your taxes, that is why the professionals at JLW Tax & Bookkeeping Services are here to help you along the way. We help business owners become familiar with any tax bills that are passed without their knowledge and prepare all their documents so that the filing process is as smooth as possible. Read below for [...]

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    Springfield, Illinois: Tax Checklist for Newly Married Couples

    Congratulations! You’re married and ready to start a beautiful and exciting life with your best friend, but before the fun begins, we recommend viewing our tax checklist for when you and your spouse are ready to file your first joint taxes together. It is no secret that filing your taxes can be a daunting and confusing task, which is why we’ve come up with a handful of must-have to-do tasks that you and your partner should address before tax season. Read below to learn more! Changing Your Name & Address These may seem like obvious things to do after you get married, but they can [...]

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