There are only a few days left in 2019. With that, you may be wondering what last-minute things you can do to help reduce your taxes. Here are a few things to consider: Donate to Charity Donating to charity is not only a great thing to do, it also may be a great tax benefit. […]
Last Minute End-of-the-Year Tax Planning Read More »
When a person experiences a major event in life like getting married or going through a divorce, the tax implications are often not at the forefront of their mind. However, it’s to your benefit to take some time to consider how your change in circumstances will affect your tax return. Newly married couples will need
Marriage and Divorce – How Does It Affect Your Taxes? Read More »
Education is a basic structure for a bright future, but it can also become a source of financial stress. Luckily, the government offers saving plans and tax credits that can help relieve some of that burden. Saving Plan There are some federal and state-sponsored options when it comes to saving for education expenses, including Section
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Tax day may still be several months away, but deductible expenses come up all throughout the year. It’s a good idea to keep track of which purchases you’ll be able to deduct and keep the receipts with your tax paperwork— this will help tax time go smoothly for you and make sure you save as
Educators – Find Out What You Can Deduct Read More »
Underwithholding or overwithholding taxes is a risk most people in the United States face, and if you work two or more jobs, there is an increased chance that your employers may not be withholding the right amount of tax from your paycheck. If you don’t catch any issues you may have, you will either not
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Any business owner knows that it is important to think about the future of your business. As you age, you also begin to think about what will happen to your business once you retire, which brings you to a process known as succession planning. What is Succession Planning? Succession planning is the process of determining
Is it Time for Succession Planning? Read More »
We always make sure our house, car, and other valuables are locked up when we go away, but what about securing our personal information? Data found in 2017 studies shows that 22.6% of the 2.68 million reported cases of identity theft were related to employment or taxes. While it may not be possible to be
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Even a supposedly simple individual tax return can have its challenges, and with tax laws continually changing, it can be all too easy to make costly mistakes or to overlook deductions and credits you may be entitled to. If you want to make sure your taxes are filed correctly without taking on the burden of
Do I need a tax professional to handle my taxes? Read More »
Welcoming a new child to your family is an exciting time! Whether you are adopting or not, whether this is your first child or one of several, it is a big step that requires preparation in many ways, including financial planning. With this in mind, we want to share some tax tips to help parents
Your New Baby and Your Taxes Read More »
If you keep track of your mileage for travel related to business, medical, or charitable purposes, you should be aware that the IRS has recently released new mileage rates for the upcoming year. These rates are determined through a study that includes the fixed and variable costs of operating a vehicle, and will take effect
Changes to the Mileage Rate for 2019 Read More »
