Keeping accurate records is critical for small businesses for a number of reasons. First of all, when you have a complete picture of how much money is coming in, how much is being spent and what it is being spent
Entering retirement is a completely new phase of life not only in terms of career and possibly in terms of your living situation, but financially as well. Employer income typically replaced with Social Security and combined with either a pension
Filing taxes for self-employed entrepreneurs and small businesses can be quite complicated. In addition, tax liabilities can vary widely depending on the accuracy of your record keeping and which deductions you take. Since small business people are required to pay
Bitcoin and other digital currencies have increased in popularity in recent years. The number of people holding Bitcoin is now in the millions, and many online retailers, such as Dell, Microsoft, and Overstock.com are now accepting the currency as payment
On Wednesday March 4th, 2015, the U.S. Supreme Court heard oral arguments in King vs. Burwell, a case challenging the validity of the tax subsidies in the Affordable Care Act in the 37 states that did not set up their
Although we are in the middle of the 2014 tax filing season, it is never too early for businesses to plan their tax strategies for the coming year. Overall, most of the same business tax deductions will still be available;
Taxpayers who missed the February 15, 2015 deadline to enroll in a healthcare plan through the public exchange or face a penalty received some good news; a special enrollment period will be added, extending the deadline to April 30, 2015
There are always taxpayer phone and email scams going around throughout the year. However, they tend to intensify during the tax filing season. Scammers prey upon those that are most vulnerable such as the elderly, recent immigrants, and those whose
Tax season is in full swing, and for individuals, the critical date is April 15; tax returns for 2014 must be in by this date or taxpayers are subject to penalties on taxes owed. For businesses and self-employed individuals, however,
It is always a good idea to start preparing for tax day at the beginning of the year. You should have most of your W2s from employers, bank statements, and other documents needed to complete your 2014 return. Now it
