At Blue Ocean Tax Advisors, we get it—tax season can sneak up on you fast. Life gets busy, paperwork gets buried, and before you know it, April is here. But filing your taxes on time isn’t just good practice—it can save you from headaches, penalties, and missed opportunities. And if you’re truly not ready? Filing […]
Business taxes
Navigating Bankruptcy: How Blue Ocean Tax Advisors Can Help
Filing for bankruptcy is never an easy decision. Whether personal or for your business, the process can feel overwhelming and complex. While bankruptcy can relieve financial burdens, it also comes with significant legal and tax considerations. Having the right guidance before, during, and after filing can make all the difference. One of the most important […]
Behind on Your Taxes? Here’s How to Get Back on Track
You’re not alone if you haven’t filed your tax return yet—whether for this year or past years. Life gets busy, and sometimes tax deadlines slip by. The good news? Filing late is always better than not filing at all. At Blue Ocean Tax Advisors, we specialize in helping individuals and businesses get back on track […]
Facing IRS Debt? Here’s How Blue Ocean Tax Advisors Can Help You Navigate the Waters
Finding out you owe money to the IRS can be overwhelming. The dread of tax debt can make you feel adrift in a stormy sea with no clear way to shore. The good news is, there are many ways to resolve your IRS debt, and you’re not alone in this journey. Blue Ocean Tax Advisors […]
How to Handle 1099 Contractors for LLCs vs. S Corps: Key Differences and Tips
When it comes to managing 1099 contractors, the way you handle them can vary depending on the type of business structure you have—whether it’s a Limited Liability Company (LLC) or an S Corporation (S Corp). Understanding the distinctions and requirements between these two entities is crucial for staying compliant with tax laws and avoiding potential […]
Maximize Your Savings with End-of-Year Tax Planning Tips from Blue Ocean Tax Advisors
The end of the year is the perfect time to review your finances and make strategic moves to reduce your tax burden. At Blue Ocean Tax Advisors, we specialize in helping individuals and small businesses take advantage of every opportunity to save money on taxes. With 2024 coming to a close, here are some practical […]