Dodging the Tax Traps: Common Expat Mistakes (and How to Avoid Them)
Moving abroad is an adventure—new culture, new cuisine, new… taxes? That last one isn’t exactly the highlight of anyone’s expat experience, but it’s crucial to…
The IRS “Dirty” Tax Scams to Avoid in 2025
Tax season already requires a leap of faith—but with scammers in the mix, that leap lands you flat. The IRS just released its 2025 Dirty…
What U.S. Expats Should Know About Taxes Abroad
Sunsets in Spain. Pasta in Italy. Life abroad has plenty of perks—but tax season isn’t one of them. For U.S. citizens and Green Card holders,…
Filing Last-Minute Taxes? Here’s How to Save—and Stay Sane
We’re in the final stretch of tax season. If you haven’t filed yet, you’re not alone. The IRS says about 25% of Americans wait until…
Why a Fractional CFO May Be the Right Fit for Cannabis Businesses
Let’s be real: running a cannabis business is no easy feat. Between evolving regulations, complex taxes, and managing cash flow in a largely cash-heavy industry,…
How to Make Tax Season Less Painful (Yes, Really)
Tips for Getting Organized and Working with Your Accountant Tax season is back—cue the collective groan. But it doesn’t have to be a stressful, last-minute…
What You Should Know When Choosing a Tax Professional
When tax season comes around, many taxpayers turn to tax professionals to help them prepare their federal tax return. However, choosing a tax preparer requires…
Home Sale Taxes Explained: How Tax Basis Impacts What You Pay
With home prices continuing to rise, many homeowners are thinking about the tax implications of selling their property. One critical concept that often gets overlooked…
Smart Tax Strategies for International Business Travel
Traveling abroad for work? If you’re planning a business trip overseas, understanding the tax rules can help you maximize deductions and avoid unnecessary expenses. From…
529 Plans Evolved: Flexible Savings for Education and Beyond
529 plans have long been a trusted tool for saving for education expenses, offering tax advantages and flexibility for families. Now, with a recent rule…
Understanding Taxes on Gifted Property Sales: Key Rules and Examples
Selling gifted property can have unexpected tax implications, and understanding these rules is crucial to avoid surprises. Your tax liability hinges on the property’s basis—a…
Year-End 2024 Tax Planning: Make Smart Moves Before the Ball Drops
As we say goodbye to 2024, it’s time to get serious about tax planning. Major life events, new laws, and investment opportunities all play a…
Tax Scams Exposed: How to Protect Yourself This Holiday Season
With holiday season just around the corner, while most of us are busy trying to maximize deals on Black Friday, scammers are busy trying to…
A Guide to Taxpayer Identity Theft: What You Need to Know
Imagine opening your mailbox to find that someone’s already filed your tax return—and it wasn’t you! Tax-related identity theft is a real problem, but the…
Accounting | News | Tax
Smith Patrick’s Debra Annis Earns Best Accountant Recognition for 2024
Smith Patrick’s Debra Annis Honored by St. Louis Small Business Monthly in the 2024 Best Accountants List Debra J. Annis, CPA, has once again earned…
Missouri’s Consumer-Friendly Marijuana Tax System: What You Need to Know
Missouri’s marijuana tax system is making headlines for its consumer-friendly structure. In an article published on MoCannTrade.org, the website of the Missouri Cannabis Trade Association,…
From Donations to Deductions: Understanding the Tax Implications of Crowdfunding
Crowdfunding Success: When the IRS Comes Knocking Crowdfunding can feel like modern-day magic—just a few clicks, and suddenly you’re swimming in donations from friends, family,…
Educators, Time is Ticking: Claim Up to $300 for Supplies Before October 15, 2024
Get Tax Relief for Out-of-Pocket Expenses Teachers are pros at multitasking—lesson planning, classroom decorating, and, of course, stocking up on supplies out of their own…
VIDEO: Are You Eligible for a St. Louis Earnings Tax Refund?
If you’re a non-resident of St. Louis who had earnings tax withheld between 2020 and 2023, and you worked outside the city—whether through telework or…
Deadline Alert: Claim Your St. Louis City Earnings Tax Refund
With just a few weeks remaining until the September 30 deadline, time is running out for St. Louis remote workers to claim their earnings tax…
Can You Deduct Business Travel Expenses? Here’s the Latest
Traveling for business? Don’t miss out on potential tax savings. Understanding the current rules for deducting out-of-town business expenses is key to maximizing your tax…
Accounting | News | Tax
Smith Patrick CPAs: A Place Where You Can Grow, Thrive, and Enjoy the Ride
At Smith Patrick CPAs, we’re not just looking for another accountant—we’re looking for you. Located in the heart of Webster Groves, a charming slice of…
Feeling the Pinch of Tuition? These Tax Credits Might Be Your New Best Friend
Paying for education might feel like trying to empty the ocean with a teaspoon, but there’s a bright spot on the horizon: education tax credits….
Unlock Hidden Tax Savings with Your Home Office Computer – Learn How
Ever thought your trusty new home office computer could do more than just handle Zoom calls and spreadsheets? What if it could also help you…