These 3 Small Business Tips For Landscapers Could Save You Thousands this Season
While winter may be a bit of a down season for landscapers in terms of physical work but, that doesn't mean it has to be entirely unproductive. It's tax season which means you're probably working together with your office manager or your accountant to make sure your...
Crucial Income Tax Tips For Independent Contractors
With only 69 days left until the April 15 tax filing deadline, now is the time for independent contractors to begin preparing their returns. Filing taxes can be a daunting task for anyone, but it can be especially challenging for independent contractors. To ease this...
Deduct the Batmobile: Vehicle Tax Deduction for Real Estate Agents
For real estate agents, their vehicle is used much more than the office. Many could even stretch that to say, “The only ones in the car more than us are Dale Earnhardt Jr. and truck drivers. Running house to house and office to property, the amount of driving for work...
Outsourced Accounting for Small Business Will Help You Edge Past Your Competitors
When you think “outsourced accounting” you might think yet another industry has abandoned the United States of America for cheaper prices abroad. Cheaper prices that leave you, the customer, sitting on a phone line for hours wondering, “Why can’t I just speak to my...
Obamacare and Taxes: 2014 Tax Year’s Big Question
The big question of the 2014 tax year is, how will we be effected by Obamacare and taxes? Do you understand the effect Obamacare has on your taxes? If you aren’t up to date on the health insurance situation, your tax return could be at risk. Obamacare (the Affordable...
Filing Taxes after Divorce for Personal Exemptions
Jeeze, as if divorce wasn’t stressful enough, now tax season is almost here. If you haven’t taken the time to consider how filing taxes after divorce will impact you, it’s time to start thinking about it. When there is a divorce or separation, who is the custodial...
Personal Exemptions for Parents
Taxes are the inevitable drain of your yearly earnings to Uncle Sam -- but understanding the different aspects of taxes will save you a ton at tax time, if you prepare. With tax season drawing ever-near, the window is slowly closing and your chances to save along with...
Income Tax Bracket 2015
With the 2015 income tax season right around the corner, it’s time to start preparing. One of the first things to know when preparing for your taxes is to identify which income tax bracket you are in. The IRS defines a tax bracket as the portions that are taxed out of...
5 Reasons to File Your 2014 Taxes Early
Tax season is approaching fast. You have three and a half months to file your 2014 taxes, but why wait until the last minute. You can file your 2014 taxes early instead of stressing out about them until April 15, 2015. There are no disadvantages when filing your taxes...
Interest Expense Deductions You May Be Missing
Businesses and individuals begrudgingly pay interest, because it appears little is to be gained. This is not entirely true. Interest expense, in certain cases, is tax-deductible. Shown on an income statement, interest expense is defined as the interest payable on any...
IRS Audit Statute of Limitations: An Explanation
It’s a common misconception that the IRS has the power to audit anything or anyone at any time. By law, the IRS audit statute of limitations expires after three years. However, certain important exceptions you should know about can extend that audit window...
Smart Options for Investing Your Tax Refund for Retirement
After tax day, we are rewarded with the fun task of deciding what to do with our income tax refund. Before buying anything this year, consider some of our smart strategies for investing your tax refund for retirement. Strategies for investing your tax refund for...
How to Use a 1031 Exchange to Help with Your Investment
Are you in the business of buying and selling real estate? Tired of paying out your gains at tax time? Let us introduce you to the 1031 exchange! Usually, when you sell a business or investment property and have a gain, you have to pay a tax on that gain at the time...
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