Tax Tips

The Tax Cuts and Jobs Act will begin affecting your taxes for tax year 2018, meaning the first few months of 2019 could be a bit of a stressful time for people who will be affected by some of its changes. It’s important that you read up on the changes implemented in the tax code […]

Under federal law you are technically not allowed to begin taking your business deductions until you’ve actually started up your business. This means your business has to actually providing the services or goods you will be offering. Of course, anyone who has gone through the business formation process knows just how much time and money

You can only get away with not paying your taxes for so long before the IRS comes to collect—and chances are, it will do so ruthlessly. With this in mind, if you owe back taxes to the IRS, here are a few things you should remember as you work with a company specializing in IRS

Did you know the average taxpayer took in a tax return of more than $3,000 this past year? People who are able to bring home a good chunk of change in their tax returns are often left wondering what they should do with that money. It’s essentially free money you weren’t banking on getting back,

If you dread doing your taxes, you are not alone. Compiling all of the different pieces of information you need to establish your income, expenses and deductions is a hassle regardless of whether you are a single individual or a small business owner! While it’s tempting to put off your tax filing for as long

If you own a business, you have a lot on your plate. Trying to ensure product quality while promoting employee morale and maintaining compliance with local, state and federal regulations is no easy feat, even for the most committed business owner. That’s why it’s so important for you to get support from quality service providers.

The common perception of Americans is that they hate taxes and will do everything they possibly can to avoid paying them, or at least minimize their burden. However, as it turns out, most Americans actually do not hate them, instead considering them to be an important civic responsibility. We’ve certainly seen this in our work

It’s going to be tax season again before you know it. While taxes are probably the last thing you want to think about in the middle of summer, you may stand to save a good amount of money on your taxes by taking some simple preparative steps ahead of time. Here are a few tips

There are many different types of tax exemptions, but the common factor binding them is that they all either reduce or eliminate your taxes. Most taxpayers are eligible for an exemption that reduces their bill, similar to a deduction. State and federal governments exempt nonprofit organizations, for example, as well as religious organizations. Here are

Tax season is always a stressful time of year for business owners, but it certainly won’t help your case if you put off your tax planning and preparation until it arrives. You can significantly reduce your stress by using some important tax savings strategies all year long, keeping you organized and reducing your payments to