by | Oct 3, 2016 | Accounting & Bookkeeping, Income Taxes, Personal financial planning
While going back to school is an investment in your future or the future of your children, it isn't always an easy option when it comes to your finances. The good news is that there are some tax breaks that students attending college or university can claim. These...
by | Sep 22, 2016 | Current Affairs, Income Taxes
Every year I hear this question from people who just missed the tax deadline. I joke that these are the people who believe that deadlines are only recommendations that really don’t apply to them. Unfortunately, that is not how the IRS looks at it! Here...
by | Sep 20, 2016 | Accounting & Bookkeeping, Income Taxes, Other, Personal financial planning, Small Business Owners
Forming a working relationship with your accountant, either as a business owner or as an individual who wants to take control of your financial future, is perhaps one of the most important partnerships you can build. Unfortunately, a lot of people fail to do this and...
by | Sep 19, 2016 | Accounting & Bookkeeping, Current Affairs, Income Taxes, Personal financial planning
When you are working with an accountant to do your taxes you are really hiring them to complete a service. This means that you have the opportunity, and should take advantage of, the chance to ask at least a few basic interview questions. Meeting in advance of...
by | Aug 31, 2016 | Accounting & Bookkeeping, Cash Flow, Current Affairs, Income Taxes, Tax Tip of The Week
Tax deductions reduce your taxable income and cut your taxes by the amount of your top tax bracket. For example: If you make a $100 tax-deductible contribution to the Red Cross for the Oklahoma tornado relief effort(and I hope you did) and you are in the...
by | Aug 29, 2016 | Accounting & Bookkeeping, Income Taxes, Small Business Owners
It's never too early, right? As a small business owner or an entrepreneur you should be talking to your accountant at least once or twice a year, and ideally more often, to make sure that you are taking full advantage of any tax deductions or opportunities...
