Richard L Westmoreland CPA PLLC

Five guys committed a $13 million tax fraud. Here’s how much prison time they’ll do

Miami-Dade residents Jamal Dyer, Jorge Osorio-Rodriguez, Tramaine Sealy, Jonathan Edwards and Daniel Murias each have been sentenced to do federal prison time after pleading guilty to a $13 million tax fraud

What Can a CPA Do that a Regular Accountant Can’t?

What can a CPA do that a regular accountant can’t? That’s what we’d like to address today.

Workers' Compensation Attorney: Understanding The Process And When To Hire A Lawyer

If you get hurt at work, you are traditionally covered by workers' compensation insurance. There are, however, some things that you hav...

Hair salon etiquette: How much should you tip your hairstylist?

Not sure how much to tip your hairstylist? You're not alone.

Is Hiring a CPA Worth it? 5 Tips for Getting Your Money’s Worth

Often when people find out I’m a tax accountant, I get asked, “How much does a CPA cost?” It’s like me asking “How much does a home cost?” We all understand that a 1,000 square-foot home in Kansas has a different cost than a 1,000 square-foot penthouse condo in New...

10 Questions To Ask Your CPA

If you are hiring an accounting or tax and business firm, it should go without saying that you have a CPA involved in looking over all of the work. However, not all accounting firms are created e…

7 Bookkeeping Habits Every Entrepreneur Should Adopt

Good bookkeeping is a foundational aspect of a healthy business. Keeping careful track of the money within your business is critical to its success.

4 Signs You Have a Great Tax Accountant

Tax season is over (finally) and you’ve had time to recover. If you use a tax accountant, like I do, there’s a good chance you’re wondering if you got good value for what you spent. A few years…

When is the right time to hire a tax accountant?

Confused if you should hire a tax accountant? Here are the 7 circumstances when you must hire a tax professional.

What Happens if You File a Tax Return Late?

Being late with a tax return has financial consequences whether you owe or are owed money. Read on to learn more.

What will new tax codes do to your tax return?

Filing your tax return…on your phone?

Filing your tax return is always a laborious process, but there's an easier way – via your smartphone.

Do You Pass Inspection as a Tax Return Preparer?

The IRS has specific criteria for qualified tax return preparers.

Oops, Did You Forget Something on a Tax Return?

If you have already filed your tax return and overlooked an item of income or forgot to claim a deduction or credit, it is not too late! An amended return can be filed to correct an already filed tax return. Failing to report an item of income will most certainly generate an IRS inquiry, which typically happens a year or more after the original return was filed and after the interest and penalties have built up. Therefore, it is best to file an…

5 Common Mistakes to Avoid on Your Tax Return

When it comes to filing your tax return, learn about the five common mistakes people make and how they can be avoided.

Were you a victim of IRS Tax Return Fraud?

If you reported to the IRS that you were a victim of identity theft or if the IRS identified you as a victim of identity theft, you will be unable to use only your Social Security Number to file a tax return.

Do I Have to File a Tax Return?

This is a question many taxpayers ask during this time of year, and the question is far more complicated than people believe. To fully understand, we need to consider that there are times when individuals are REQUIRED to file a tax return, and then there are times when it is to individuals' BENEFIT to file a return even if they are not required to file.

Amended Tax Return: Frequently Asked Questions

Learn how an amended tax return can change or correct an error with the IRS. This can also potentially get you a larger refund in some circumstances.