Tweet The subtle nuances of tax law have been nothing but confusing to the majority of taxpayers for years. It can be difficult to make sure you have applied for all the deductions and credits available while filing your taxes. The most definitive way to insure you have received all your possible deductions is to [...]
READ MORE »Tweet Well here we are, January and it is time to start getting your tax information ready. But what do you need? Twelve months have passed. With the economy the way it is many have already been thinking about their taxes, some haven’t. Getting things ready to take in [...]
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The small business health care tax credit, part of the Affordable Care Act enacted in 2010, is specifically targeted to help small businesses and tax-exempt organizations provide health insurance for their employees. Small employers that pay at least half of the premiums for employee health insurance coverage under a qualifying arrangement may be eligible for this credit.
READ MORE »The old legal saying that “ignorance of the law is no excuse” is perhaps most often applied in tax settings and it is safe to assume that a tax auditor presenting an assessment of additional taxes, penalties, and interest will not look kindly on an “I didn’t know I was required to do that” claim. On the flip side, it is surprising how many small businesses actually overpay their taxes, neglecting to take deductions they’re legally entitled to that can help them lower their tax bill.
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The decision to hire an accountant should not be made without first considering the complexity of your financial information.
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Tweet Mr. Joe friday, Your clients are surely not unique, unfortunately. I understand your issues and concerns I will address them for you as best I can. As a RTRP or EA if you suspect or are knowledgeable of a miss-reporting of income, it is your responsibility to report that to the IRS. [...]
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Tweet It’s such an easy thing to do and yet our pride steps in and makes asking a simple question seem like lifting a 2 ton brick. Can you help me? I love when people ask me for help. It is so flattering. It means they think I actually know something. That’s how MOST people [...]
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Tweet E~file Your 2011 Tax Return: How to E~file Your Taxes Tax season is upon us. This means that you are either preparing a tax return by yourself or hiring a tax preparer to do it for you. For years you may have prepared and filed your returns on paper, the traditional method. You may [...]
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Tweet IncomeYour ability to payAn Offer in Compromise is a document that allows people who are unable to pay all of their taxes due to financial hardship to pay less than they owe the IRS. The IRS will determine how much you owe by examining the following: Expenses Asset equity Be warned! The IRS does [...]
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Tweet What Is Estimated Tax? Estimated tax is the method used to pay tax on income that is not subject to withholding, such as self-employment income, interest, dividends, rents, alimony, etc. In addition, if you do not elect voluntary withholding, you should make estimated payments on other taxable income, such as unemployment income and the [...]
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Tax Preparation, Payroll, and Accounting,
Including online services.
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