Tax filing season has been over for several months, but that has not stopped the scammers from trying to fraudulently impersonate the IRS. In fact, during the summer, the IRS reported a surge in phone-related scams, and in late September, they sent a consumer alert warning that there has been a surge in email, phishing […]
IRS Warns of Surge in Tax Scams Read More »
2016 is winding down to a close, and we have just a few months left before we ring in the New Year. With most of this year gone, it may seem like there is little you can do to lower your taxes for filing season next year. There are some strategies, which can still be implemented, however, even
4 Ways to Reduce Your Tax Liability Before the New Year Read More »
If you are getting married in the near future, you have a lot of planning to do. Choosing your venue, your wedding song, the flowers and the attire are all very important. But after the wedding is over, you and your spouse have other things you need to plan for, and one of them is
Important Tax-Saving Strategies for Newlyweds Read More »
In today’s digital age, an increasing number of Americans are working from home. Whether it is for to run a small business or to telecommute for an employer, the home office deduction is used by more taxpayers than ever before. There is some confusion, however, about what qualifies as a home office and which expenses
5 Tips for Making the Most of Your Home Office Tax Deduction Read More »
Fall is upon us and the start of a new school year is imminent. And with school comes the added expenses for clothing, supplies; and for college students, tuition, room and board and related expenses. Fortunately, there are some ways in the tax code to save money on expenses for the 2016-2017 school year. Here
Helpful Back to School Tax Tips Read More »
For entrepreneurs and small business owners, the way you manage your taxes can be the difference between finishing the year in the red or in the black. This is why it is important to evaluate your tax situation at least a few times a year, so you can ensure you are still on track toward meeting your objectives. As
Mid-Year Tax Planning for Small Business Owners Read More »
Special tax benefits apply to members of the U. S. Armed Forces. For example, some types of pay are not taxable, and special rules may apply to some tax deductions, credits, and deadlines. Here are ten of those benefits: 1. Deadline Extensions. Some members of the military, such as those who serve in a combat
Tax Tips for Members of the Military Read More »
What if there were a tool that helped you create crystal-clear plans, provided you with continual feedback about how well your plan was working, and that told you exactly what’s working and what isn’t? Well, there is such a tool. It’s called the Budget vs. Actual Report and it’s exactly what you need to be
Best Financial Tool for Business Owners Read More »
Did you know that a name change could impact your taxes? Here’s what you need to know: 1. Report Name Changes. Did you get married and are now using your new spouse’s last name or hyphenate your last name? Did you divorce and go back to using your former last name? In either case, you
A Name Change Could Affect your Taxes Read More »
Some taxpayers may be required to pay an Additional Medicare Tax if their income exceeds certain limits. Here are some things that you should know about this tax: 1. Tax Rate. The Additional Medicare Tax rate is 0.9 percent. 2. Income Subject to Tax. The tax applies to the amount of certain income that is
What is the Additional Medicare Tax? Read More »
