• Why You Should Choose John P. Jones Inc.!

    John P Jones   |  

    Finding a balance between running your business and managing its accounting needs can be a challenge. While you may want to focus solely on growing your business, you need to also comply with the Internal Revenue Service (IRS) code and look for opportunities to reduce your tax burden. To efficiently do so, you should consider appointing a certified public accountant.

    READ MORE


  • How Cloud Computing Could Help Your Accounting Business

    John P Jones   |  

    The rapid evolution of technology has changed the way we live our day-to-day life and has improved the way we manage different aspects of our business. One profession that has dramatically advanced in recent years has been accounting.

    READ MORE


  • Season’s Greetings from John P. Jones Inc.

    John P Jones   |  

    Season’s Greetings from John P. Jones Inc.Holiday Greetings from John P. Jones Inc. We wish you and yours a wonderful holiday season, and a happy, healthy, and prosperous New Year 2019!

    READ MORE


  • Frequently Asked Questions About Tax Debt And Unfiled Returns

    John P Jones   |  

    Tax season is one of the least enjoyed parts of a year, but much of that lack of joy stems from a dearth of information. The truth is clients often have a ton of questions related to tax debt and unfiled returns but find answer these questions difficult to come by.

    READ MORE


  • Busted! Don’t Believe These Tax Myths!

    John P Jones   |  

    In one way or the other, every taxpayer in the United States has had to deal with the IRS or the Internal Revenue Service. The IRS ensures taxpayers comply with the Internal Revenue Code and those that disobey the federal tax laws face the consequences by paying their fair share.

    READ MORE


  • Common Mistakes Made By Self-Employed Taxpayers

    John P Jones   |  

    Common Mistakes Made By Self-Employed Taxpayers

    Self-employment has its advantages and disadvantages. On one hand, you are entitled to tax deductions and can make an unlimited amount of income. However, on the other hand, you may need to file taxes on your own which if neglected can drastically harm your personal and professional life.  

    READ MORE


  • Why Our Customers Love Us

    John P Jones   |  

    Why Our Customers Love Us

    At John P, Jones Inc., we prioritize customer service and satisfaction. To let you know just how committed we are to your happiness, here’s what a few delighted customers had to say about us:

    READ MORE


  • Common Mistakes People Make When Starting a Business

    John P Jones   |  

    Common Mistakes People Make When Starting a Business

    Success stories about people who start small businesses and eventually become millionaires may inspire us all, but those people got to realize their dream only because they made the right choices for their businesses from the beginning. Willpower and determination can only get you so far in your business, and although seeking help from the start may be a difficult decision in itself, it will save you from making some costly mistakes.  

    READ MORE


  • Top Five Things To Look For When Hiring A Certified Public Accountant

    John P Jones   |  

    Top Five Things To Look For When Hiring A Certified Public Accountant

    Have you ever felt the need for a better financial function for your business? Are the existing accounting system and software doing its job adequately or has your business’ financial challenges have become too great to handle without expert help? If the answer is yes, then the solution lies in hiring the services of a Certified Public Accountant (CPA).

    READ MORE


  • What Makes John P. Jones Inc. Stand Out

    John P Jones   |  

    What Makes John P. Jones Inc. Stand Out

    Thanks for stopping by my blog. If you’re looking for more information about John P. Jones Inc., you’ve come to the right place.

    READ MORE


  • Owner Spotlight: John P. Jones

    John P Jones   |  

    Owner Spotlight: John P. Jones

    I’m John Jones, proud owner of John P. Jones Inc.

    I look forward to sharing my story. I hope that you will enjoy getting to know me better.

    READ MORE


  • Announcing The New Website

    John P Jones   |  

    We are delighted to announce the launch of our new website!

    Our new website provides our existing and prospective clients a simple yet interactive view of our work and the services we offer.

    READ MORE


  • New Website Under Construction

    John P Jones   |  

    New Website Coming Soon!

    READ MORE


  • 16% would rather get an IRS tattoo

    John P Jones   |  

    Business Accounting Chicago IL

    That’s right. According to a survey released last month by WalletHub, 16% of the respondents said they would be willing to get an IRS taboo in exchange for a tax-free future.

    READ MORE


  • Yelp Marketing Event

    John P Jones   |  

    Business Accounting Chicago IL

    Had a great time last week at Yelp’s Chicago offices in the Merchandise Mart, same building where 1871 is located. Great networking event, a lot of people, good food and drink. Also, you can’t beat free head shots from Bay Area Picture Productions!

    READ MORE


  • Freelance Tax Workshop

    John P Jones   |  

    Business Accounting Chicago IL

    I had a great time last week discussing the challenges that face freelancers when confronted with income taxes.

    READ MORE


  • Bankruptcy and Income Taxes

    John P Jones   |  

    Business Accounting Chicago IL

    Contrary to popular belief, some personal income taxes can be discharged in bankruptcy. Whether a taxpayer can obtain relief from tax debts depends on a number of issues including the nature of the liability and the type of bankruptcy proceeding. During the course of its collection efforts, the IRS may have filed a lien against the taxpayer. The lien becomes a secured lien on all of the taxpayer’s property. If the lien was filed before the bankruptcy petition is filed, the taxpayer would not get any relief from the lien and all property would still be subject to the lien, even…

    READ MORE


  • Innocent Spouse Relief for Taxpayers

    John P Jones   |  

    Business Accounting Chicago IL

    In the vast majority of cases, it is more advantageous for married couples to file a joint return as opposed to married filing separately. Deductions and some credits are more generous on joint returns (especially if there are children claimed on the return). However, joint returns make both spouses liable for a tax debt for which only one is responsible. Perhaps one spouse fails to report income and related taxes and the other spouse does not find out until the IRS catches up with them. Both spouses are jointly and severally responsible for underpaid tax, interest and penalties in these situations.…

    READ MORE


  • Resolving Tax Liens

    John P Jones   |  

    Business Accounting Chicago IL

    If a taxpayer does not fully pay a tax debt in time, eventually the IRS will file a tax lien against the taxpayer’s property including real estate, personal property and financial assets in order to protect the government’s interest. A lien is not to be confused with a levy. A levy is an action the IRS will take to enforce the lien. Although the filing of a lien does not necessarily mean the IRS will take immediate action, it can cause a lot of stress in the daily lives of delinquent taxpayers. A lien attaches to the property named in the…

    READ MORE


  • Offers in Compromise Explained

    John P Jones   |  

    Business Accounting Chicago IL

    An Offer in Compromise (OIC) is an agreement between a taxpayer and the IRS to completely settle outstanding tax debts for less than the full amount. The usual grounds for an offer are doubt as to the collectability of the debt or doubt as whether the assessed taxes are correct. Although radio and television ads constantly make claims that these “pennies on the dollar” deals are every taxpayer’s salvation, great care and patience must be taken before to see whether a taxpayer qualifies for an offer. An OIC can be very time consuming to prepare. The IRS can take a…

    READ MORE


Top