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Searching for Summer Vacation Deals? Try Tax Deductions

Searching for Summer Vacation Deals? Try Tax Deductions

by DeFreitas & Minsky | Jun 12, 2015 | Financial Planning, Tax Planning

With summer almost here, it’s prime time to plan a vacation. Today, everyone tries to find ways to maximize fun while limiting cost. If you are searching for summer vacation deals on plane tickets and hotels, don’t overlook the savings opportunities available in tax...

Is it Time to Change Your Tax Withholding Code?

by DeFreitas & Minsky | May 28, 2015 | Financial Planning, Tax Laws, Tax Planning

Every so often, it pays to update your tax withholding code to avoid owing a big tax bill at year’s end. Otherwise, you are essentially loaning the government your hard-earned money at zero interest. Especially if you’ve gotten married or had a baby in the last year,...

Keeping Accounting Records for a Small Restaurant

by DeFreitas & Minsky | Apr 28, 2015 | Business Accounting, Financial Planning, Tax Laws, Tax Planning

Small restaurants, if they last any length of time, are always super busy preparing and serving meals, pouring drinks and cleaning up the mess. With customers continually coming in and out, a small restaurant owner’s time is at a premium. But when it comes to...

IRS Audit Statute of Limitations: An Explanation

by DeFreitas & Minsky | Apr 21, 2015 | Tax Laws, Tax Planning

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...

Why a High Tax Refund Doesn’t Payoff

by DeFreitas & Minsky | Apr 5, 2015 | Financial Planning, Tax Laws, Tax Planning

Why put off to tomorrow what you can have today? A high tax refund at year’s end can be a poor choice for many, because inflation devalues a government refund of your own money. Aside from the threat of scams, there are four main reasons to beware of high tax refunds....

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