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7 Valuable Takeaways from the 2023 Tax Season

7 Valuable Takeaways from the 2023 Tax Season

With the 2023 tax season in the books (literally), we at Hallows & Company like to review what went well and lessons learned from an interesting tax season.  The 2023 season brought with it several significant changes and developments that impacted taxpayers and businesses. Reflecting on this past year reveals important lessons about adapting to…

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10 Things to Know about Filing a Tax Extension

10 Things to Know about Filing a Tax Extension

Filing a tax extension can provide relief for businesses and individuals who need more time to gather their financial documents or prepare their tax returns accurately. Accountants at Hallows & Company have heard some false information being spread around about what it means to file an extension.  Here’s what you need to know about filing…

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Accounting for Technology: 5 Ways for Personal Interaction in a Digital Age

Accounting for Technology: 5 Ways for Personal Interaction in a Digital Age

In the ever-evolving landscape of business and finance, the role of accountants has transformed significantly. The traditional image of an accountant buried in stacks of paper has given way to a dynamic and tech-savvy professional who harnesses the power of the latest technologies. However, amidst this technological revolution, Hallows & Company understands the importance of…

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6 Functions of a CFO and Why You Need CFO for Your Small Business

CFO

A CFO, or Chief Financial Officer, is a high-ranking executive responsible for managing a company’s financial operations, strategies, and overall financial health. They play a critical role in ensuring the financial stability and growth of a business. Here at Hallows & Company we talk to many clients who could benefit from having a CFO work…

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12 Tax Planning Strategies to Discuss with Your Accountant Before Year-End

Tax Planning with Hallows Company

As the end of the year approaches, it’s essential to engage in tax planning discussions with your accountant to optimize your financial situation and minimize your tax liability. At Hallows & Company we love to meet with as many clients as we can because we understand that effective tax planning can help you take advantage…

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15 Ideas for Planning A Successful Financial Future

Financial Success with Hallows Company

The financial planners here at Hallows & Company understand achieving financial success requires thoughtful planning, disciplined execution, and the ability to adapt to changing circumstances. Whether you are just starting your financial journey or seeking to improve your existing financial situation, the following steps can help you lay the foundation for financial success: Set Clear…

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7 Ways Good Bookkeeping Cures Tax Headaches

Bookkeeper

Bookkeeping plays a crucial role in the realm of taxation.  At Hallows & Company we believe proper bookkeeping practices ensure accurate financial records, which are essential for calculating taxable income, complying with tax laws, and preparing tax returns. It is vital to learn how bookkeeping affects taxes and why it is important for businesses and…

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Payroll Solutions for Small Business and Challenges You Should Understand

Payroll with Hallows Company

At Hallows & Company we understand payroll is a critical function in any business that has employees.  However, many small businesses are not fully aware of the challenges that comes with it. We have discovered three major challenges that most businesses generally are not fully aware of when it comes to payroll management. Complex Payroll…

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