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It’s been nearly two months since the United States Supreme Court struck down the Defense of Marriage Act, but there are still many things we don’t know when it comes to how this affects the taxes of couples in same-gender marriages.
Couples Living in a Non-Recognition State
What is the federal tax status of a c [...]
If you’re like most people you’re probably seeing that you spend a lot of money each month just on electricity and if you’re like most of us, you probably wish you didn’t. Luckily there are quite a few ways that you can cut back on how much you pay for electricity with just a simple and easy to use tips and tricks.
Before you do anythi [...]
Some Easy & Effective Ways to manage Personal Finance.
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In a world where people use credit cards left and right and rack up debt at every turn, it can be challenging for young people to understand how to correctly manage their money. If you are in your twenties or early thirties and are struggling to understand and deal with your own personal finances, don’t worry! There are a few simple st [...]
Do you ever wonder whether your income is high enough to warrant the filing of a tax return? Because the minimum income level varies depending on filing status, age, and the type of income you receive, it can be a bit complicated. The following guide is based on minimum income requirements from tax year 2011.
Single TaxpayersIf you expe [...]
Your federal tax filing status is based on your marital and family situation. It is an important factor in determining your standard deduction and your correct amount of tax, and whether you must file a return.
Your marital status on the last day of the year determines your status for the entire year. If more than one filing status appl [...]
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. Now here are a lot of big ifs [...]
Cash is the lifeblood of any small business. Here are some tips to help your business maintain a sufficient cash flow to meet its financial goals and run efficiently:
Toughen up your credit policies. Review the payment terms you offer to customers and tighten them up if slow payment is a problem area for your business. For instance, how [...]
How it Came About; What it Means
Labor Day, the first Monday in September, is a creation of the labor movement and is dedicated to the social and economic achievements of American workers. It constitutes a yearly national tribute to the contributions workers have made to the strength, prosperity, and well-being of our country.
The first [...]
From the IRS -
Form to Claim Payroll Tax Exemption for Hiring New Workers Now Available
WASHINGTON —The Internal Revenue Service has posted on its website the newly-revised payroll tax form that most eligible employers can use to claim the special payroll tax exemption that applies to many new workers hired during 2010.
Designed to enco [...]