Tax Tips

The federal personal income tax is the largest source of revenue for the U.S. government and funds everything from defense to schools to infrastructure projects. Almost every American is required to file federal income taxes and most have taxes withheld from each paycheck. The amount each individual pays varies depending on income, credits, and other […]

With the recent changes in tax legislation, it is very important that employees reassess their withholding allowances, even if the number has not changed in many years. This is even more important when you have experienced a life change that would alter this number by itself. Your local tax preparation service in Des Moines, IA

As a small business owner, it is vital that you are able to secure every deduction possible when filing your taxes each year. While this is something that companies of all sizes look to do, it is even more important for smaller businesses, where a few dollars here and there can have a far-reaching impact

Anyone who runs a business knows just how important it is to pinch pennies when they can, and that applies to making tax deductions in order to keep tax costs low and more money in the business itself. Though you might know that deductions are popular for small businesses, taxes are generally confusing, and there

You might be one of the many people who look forward to calculating their taxes, watching that little ticker in the corner slowly increase as you enter deductions and other credits. This year, though, that ticker was more stubborn, and it’s not just a miscalculation. In fact, most people in the United States are finding

Some of the most common questions we get regarding tax assistance in Des Moines, IA are about tax brackets. We understand—tax brackets can be extremely confusing, especially since they recently changed due to the Tax Cuts and Jobs Act (TCJA) of 2017. To help you out as you prepare to file your 2018 taxes, here’s

In late 2017, the government rolled out the Tax Cuts and Jobs Act (TCJA), which made some significant changes for tax preparation in Des Moines, IA and across the nation. This April, you’ll be filing your taxes using the new tax rules outlined by the TCJA, and some of the changes might surprise you. Not

The new year is going to bring a lot of shakeups in the world of tax preparation, as 2018 is the first tax year for which the new Tax Cuts and Jobs Act is in effect. The legislation, passed by Congress and signed into law by President Donald Trump in December 2017, features the most

Tax deductions can be a big-time assistance for small business owners who need to cover the costs of running their company. Therefore, it’s important to be diligent with tracking your business expenses throughout the year so you can more thoroughly and accurately itemize on your tax return come the spring. Here’s some information from our

There are a variety of strategies you can employ at the end of the year that will benefit you come tax season. Some of these strategies include deferring income when possible, selling off bad investments to offset gains and contributing the maximum amount to your retirement account. But you’re also able to take some last-minute