Tax Tips

Ordinary and necessary business expenses may be deducted from your gross income. An ordinary expense is one that is common to your trade—for example, bar association dues if you are an attorney. Necessary expenses are indispensable, like Internet or electricity. While it seems like these are obvious concepts, many business owners face audits because they […]

When you start a business, you need to do your taxes a little differently. The first thing you should do is seek professional tax help in Des Moines, IA, since your responsibilities go way beyond the typical annual return when you become self-employed. Before you make your appointment, know that you are on a possibly

When tax season rolls around, your first priority is likely securing as many deductions as possible. In order to do this, it’s critical that you maintain detailed records of your business expenses and ensure that the taxes that you file are in accordance with federal law and IRS guidelines. The key to getting the maximum

If you’re a small business owner, you have probably had some experiences with the hassle of completing your quarterly business taxes. As the owner of a business, you are responsible for withholding taxes from your employees’ paychecks, rather than having this taken care of for you. Since taxes aren’t automatically deducted, it is your responsibility

It’s finally here: the season of tax preparation in Des Moines, IA and throughout the U.S.! We all want to get money back on our taxes, and one key way of making sure you have the best chance of that happening is by keeping your receipts. For some people, this is an easy task, as

April can be an uneasy month for many people, because it’s the time of year when one particularly nerve-wracking word is everywhere: taxes. Feeling anxious is a perfectly understandable reaction. There’s a lot of paperwork to keep track of, and the question that haunts us all is, “Am I missing something that could be saving

Sending a child to college is an expensive undertaking, and no matter how much you save, it always seems like it is never enough. You may not be able to put away enough money for your child’s entire college experience, but every little bit helps, and financial planning services in Des Moines, IA can help

Even though filing for bankruptcy is not the nail in your financial coffin that most assume it to be, it is certainly worth exploring other options before going down that road. With the help of financial services in Des Moines, IA, you can have a better understanding of just what bankruptcy is before determining if

As you work toward filing this year’s taxes, you may find yourself with questions about tax provisions for healthcare under the Affordable Care Act (ACA). The following details will help shed some light. If you have additional questions about tax preparation in Des Moines, IA, you might find it useful to make an appointment with

With April’s tax filing deadline drawing ever closer, are you still struggling to understand the deductions that you qualify for this year? Perhaps you have a fairly good understanding of what deductions you’re eligible for, but feel like you could still benefit from some tax filing assistance in Des Moines, IA. Learn what you should