In general, most American adults should file income taxes. However, for those that would rather not go to all the “trouble”, there are some circumstances when you may be legally exempt from doing so. We will take a look at which scenarios make you exempt from filing and whether or not this is a good […]
Who is Exempt from Filing an Income Tax Return? (Part I) Read More »
The April 15 income tax filing deadline seems to come up all too fast. For many Americans, this means a lot of last minute scrambling to get all their paperwork in order and make sure everything is ready to be filed on or before the deadline. However, what if you are not able to file
Filing a Tax Extension: When Does it Make Sense? Read More »
The holiday season is here, and time is running out on 2013. However, just because there are only a couple weeks left in the year does not mean there are no more opportunities to save on your taxes. In fact, there are several year-end ways to lower your taxable income. Here are some of the
Year End Ways to Save on Taxes Read More »
This year, 2013, is fading fast and there are now less than 60 days remaining in the calendar year. Time to think about last minute tax preparation and structuring before the year expires. For small businesses, there is one deduction they should strongly consider taking advantage of this year; bonus depreciation. Here is how it
2013 May Be the Final Year for Bonus Depreciation Read More »
Owning and operating your own business involves a different set of challenges than working for someone else as an employee. You need to plan your own schedule, be consistent with marketing to bring in sales, and purchase health, life, and other forms of insurance on your own. Another area where a small businessperson is responsible
What Expenses Can Small Businesses Write Off? Read More »
It’s almost March, have you started working on preparing your taxes yet? While you still have time, there are lots of good reasons to file well in advance of April 14th. Here are 5 of them: 1. You Have Time to Fix an Error. Depending on your circumstances, filing your taxes can become rather complicated.
Top 5 Reasons to File Your Taxes Early Read More »
Tax time is here again, and while individuals have until April 15 to get organized and file, the deadline is much sooner for some of the paperwork required for small businesses. The most common requirement for businesses is the W-2, which is needed for all paid employees and must be in the mail by January
1099 MISC Small Business Filing Requirements for 2012 Read More »
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