Blog & Articles

In 2025, staying competitive means staying informed—and that starts with your books. Bookkeeping is more than just tracking income and expenses. It’s the foundation of every smart tax decision, business strategy, and financial forecast you

Running a small business in 2025 is more complex—and more opportunity-filled—than ever before. As the tax code evolves and inflation-adjusted thresholds shift, knowing which deductions you qualify for can make a significant difference in your

Sometimes clients don’t come to us looking for planning or projections. They come to us because something feels wrong—and they’re right. One local business in Plantation, FL came to Polaris Tax & Accounting after years

There’s a big difference between saying you’re a modern tax and accounting firm—and actually operating like one. Many legacy firms have started throwing around buzzwords like “cloud-based” or “digital-first” to sound cutting-edge. They build websites

S corporations are one of the most powerful tax-saving tools available—but they’re also one of the most commonly misunderstood. Every year, we review dozens of S corporation tax returns prepared by other firms that miss

If your accountant has never pulled your IRS transcripts, you’re flying blind—and they’re not doing their job. We recently saved a client from losing a $17,000 IRS payroll tax credit simply because we reviewed their

Most business owners think IRS overpayments are safe. That if the government owes you money, you’ll either get it automatically or be contacted in time. That assumption can cost you thousands. Recently, one of our

The IRS created the First-Time Penalty Abatement program to give taxpayers who have a clean compliance history a second chance. It applies to these common penalties: Failure to File (FTF) Failure to Pay (FTP) Failure

Most people assume their tax return is correct—especially if they used an accountant or tax software. But every year, we uncover mistakes that cost clients money, increase their audit risk, or leave them exposed to

Getting a letter from the IRS is enough to ruin your day. Whether it’s a CP2000 notice, a request for additional documents, or a penalty you didn’t see coming, it triggers one thing in most

Behind every seamless client experience, fast tax return, and secure online portal is the hard truth few talk about: the accounting industry is full of legacy systems, outdated workflows, and resistance to change. Many firms

On the surface, electing S Corporation status sounds like a no-brainer tax strategy. Save on self-employment tax? Sign me up. But when done without proper planning—or rushed in just before year-end—it can cause more harm

Most tax professionals only show up once a year—to file your return and maybe answer a few questions along the way. But filing a tax return isn’t tax strategy. And if that’s all your accountant

If you're self-employed, own a business, earn freelance or investment income—or simply don’t have enough taxes withheld from your paycheck—you may be required to make estimated tax payments throughout the year. But most people don’t

Many people think tax prep and tax planning are the same thing—but that confusion can cost thousands of dollars. The truth is: tax preparation is backward-looking. Tax projections are forward-thinking. And the difference between the