If you’re like many people, the thought of doing your taxes stresses you out at least a little. Hiring an accountant to prepare your tax return is always the easiest route, but they’re going to require documents that you may not remember to include in that folder full of paperwork you arrived with. Take the stress out of year end taxes by reading our checklist before visiting with one of our professional accountants.
Prepare To Meet With Your Tax Expert
Identification Information …
Whether you are having a good year, rebounding from losses, or struggling to get off the ground, you may be able to save a bundle on your year end taxes if you make the right moves now. What are the right moves and where should you begin? Here’s 6 year end tax tips that will save you money!
Year End Tax Tips
Itemized or Standard Deduction?
The new law greatly increases the standard deduction to $24,000 for married couples filing jointly, $12,000 for …
A SIMPLE IRA is an employer-sponsored retirement plan offered within small businesses. These saving plans make it easier for self-employed individuals and small businesses to offer tax-advantaged retirement plans. The term “Simple IRA” is an acronym for Savings Incentive Match PLan for Employees Individual Retirement Account.
Simple IRA Plan For Small Businesses And Employees
How the Plan Works
Each year, employers are required to make a matching contribution to any eligible employee’s SIMPLE IRA account. Employees contribute to those plans via salary deferrals. …
Managing a small business is tough work! You’re responsible for all the details, from leasing and inventory, to sales and marketing, to hiring and firing. It’s easy to feel overwhelmed when you’re keeping tabs on all the different aspects. That’s why developing a solid bookkeeping strategy will help you to stay on track, and your small business to thrive. Here are our top tips for small business bookkeeping.
Small Business Bookkeeping Tips!
Separate Business & Personal
This is one of the most important …
5 Tax Tips for Teachers
It’s that time of year again – back to school! As a teacher, you’ve got some unique advantages when it comes to filing your taxes because some tax benefits are only available to educators. By utilizing these lines in the tax code, and following our tax tips for teachers, you can lower your tax bill and receive a larger refund!
1. Your supplies are deductible!
If you’re part of the 99.9% of teachers who spend their own money …