One of the biggest trends in the accounting world in recent years is backing up client’s data offsite. This solution is also known as cloud data storage. The slogan that best defines this migration to the clouds is “redundancy is the key to optimal data security.” In other words, it is prudent in today’s world […]
Accounting in the Clouds Read More »
In an era of corporate downsizing and economic uncertainty, freelancing is on the rise. Many companies are hiring freelancers to do work once done in-house. Businesses benefit by not having to pay employee-related expenses (such as health insurance and workman’s comp), and freelancers’ benefit from having the freedom to set their own schedule and work
A Freelancers Guide to Doing Taxes Read More »
Telecommuting is one of the fastest growing employment trends of the 21st Century. Whether you are an entrepreneur or employee, technology now allows many jobs to be performed efficiently and more cost-effectively from home. However, telecommuting is an adjustment from the usual 9-5 office job; not only are you working in a new environment, but
Important Tax Deductions for Telecommuters Read More »
This month, we celebrate the 238th birthday of America. But now that we are separated from our founding fathers by nearly two and a half centuries. Many have forgotten what the men who drafted the Declaration of Independence and Constitution believed about taxes. The truth is that this country was founded on the principle of
How Did Our Founding Fathers View Taxes? Read More »
We have all heard the horror stories of those that have faced an audit from the IRS. Having the most powerful financial agency in the world question the accuracy of your tax return is definitely quite scary. Perhaps the most stressful aspect of an IRS audit is the uncertainty of not knowing what to expect
What Happens During an IRS Audit? Read More »
Being audited by the Internal Revenue Service is something many taxpayers fear; even if your return is entirely above board, an honest mistake here or there can turn an audit into a tax nightmare. So when it comes to filing your income taxes, the best strategy is to do everything possible to avoid IRS red
How to Avoid an IRS Audit Read More »
As part of the Affordable Care Act of 2010 (also known as Obamacare), starting in 2014 individuals are required to have health insurance. The IRS has been tasked with the responsibility of tracking who is and who is not in compliance with the law. If you do not carry “minimum essential coverage”, you may be
The Individual Health Insurance Mandate: Are You in Compliance? Read More »
Continuing from Part I our series on available tax credits and incentives to locate your business in Arizona, here are five additional opportunities for Arizona-based businesses to lower their tax burdens: Computer Data Center Program: The Grand Canyon State wants to encourage computer data center operations to relocate here. Toward this end, the Arizona Commerce
The state of Arizona is strategically located right next door to the world’s 12th largest economy (California). In recent years, Arizona lawmakers have taken a number of steps to attract businesses from the Golden State that are looking for a better place to conduct operations. By 2017, Arizona will have a corporate tax rate of
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 »
