TAX PREPARATION
Did you know that every 4 out 5 tax returns contain errors, and those errors may be causing you to overpay on your income taxes.
TAX PLANNING
Our clients receive proactive advice on tax reduction strategies based on income, expenses, individual needs, and goals.
BOOKKEEPING/PAYROLL
Running a business is already a time consuming and overwhelming feat. Don’t allow your bookkeeping and payroll obligations distract you from what you are good at…
Tax Schedules: A Beginners Guide
Tax Schedules You Need to Know About Most people know tax schedules as the forms named by different letters. What exactly are tax schedules? They are additional forms that the IRS requires you to submit. Tax schedules are usually required when you have certain types of income or deductions that must be accounted for or calculated. In this article, we will go over the 5 most common tax schedules and the different purposes [...]
Someone Filed My Tax Return! What do I do?
Scammer Filed my Tax Return Are you thinking "Someone Filed My Tax Return?" you might be right. An obvious indicator is you attempted to e-file your tax return and the IRS rejected it. Was the rejection reason that a return with your Tax Identification Number was already accepted? Another might be, the IRS is demanding you repay the refund you received from a return that you never filed. As a result, that after waiting for your refund instead [...]
10 Tax Deductions for the Self-Employed
Tax Deductions for the Self-Employed Taking care of the day to day operations of your own business is complicated enough. Taxes can add a whole other level of stress to running your business. This article will go over different tax deductions and benefits that are available to you. Self-Employment Tax Deduction Self-Employment tax deduction refers to the amount of Medicare and social security taxes that you are responsible for paying on your income. [...]
Education Tax Credits
Understanding Education Tax Credits (Form 8863) Education is one of the biggest expenses that parents and students will face. Thankfully, there are two education tax credits that can be used to help offset the cost. These tax credits are the American Opportunity Credit and The Lifetime Learning Credit The American Opportunity Credit The American Opportunity credit is good for the first four years of a child’s college education. This education tax credit is [...]
Tax Bill: Getting More Time to Pay Your Tax
How to Handle your Tax Bill Tax Bill on your mind? Now that you have filed your taxes for 2016, you may be wondering how you are going to pay your tax bill. If you were not expecting to owe and do not have the funds on hand to pay, there are a few things that you can do to help your situation. Do Not Delay Do not think that just because you cannot [...]
Last Minute Tax Moves
Tax Tips Have you been putting off filing your taxes, dreading how much you are going to owe? Don’t stress too much, there are still a few tax deductions that you can make if you act before April 18. We will go through what they are and what you need to do to take them. Contribute to Your IRA If you make a contribution to your IRA before April 18 you can have your custodian [...]