As the end of the year gets closer, unfortunately it’s time to think about taxes and make some moves. The tax season may seem far off, but this is the time of year to get the ball rolling. Let’s look at some easy steps to take that could help you in the springtime: Deduct Contributing to charity is a great … Read More
New IRS Tool to View Tax Balance
The IRS has announced the launch of a new online tool to help taxpayers. This new IRS.gov tool allows taxpayers to view their tax account balance online. The balance includes any amount owed for tax, as well as penalties and interest for each tax year. Once you look at your balance, you can take advantage of online payment options. These include direct pay, … Read More
Start With a 4-Figure Income
Don’t worry about chasing the dream of having a 7 figure income. Start more reasonably. Try to focus on building a 4 figure income first. To Be Clear Yeah, 4 figures might not be a huge amount of money to you. You can’t buy a mansion with it. But 4 figures is enough to start seeing things materialize. 4 figures … Read More
How a CPA Can Boost Your Small Business
If you’re starting a small business on a fixed budget, you’ve probably spent some time trying to figure out where you can cut costs and do more on your own in order to stretch the funds you have available. One area where you may consider doing it yourself instead of farming it out is accounting. If you have an accounting background … Read More
An Intro to Trump’s Tax Plan
What do you know about president-elect Donald Trump’s tax plan? For starters, he has proposed the largest tax cuts since Ronald Reagan. If Trump were to get everything he has proposed from a Republican-controlled Congress, a taxpayer who makes between $48,000 to $83,000 a year would save about $1,000 under his plan, said Howard Gleckman, a senior fellow at the … Read More
Some IRS Changes for 2017
If you’re a business owner, don’t forget about the date January 31, 2017, the new due date for filing forms W-2. Under a new law, the Protecting Americans from Tax Hikes (PATH) Act, enacted last December, the new filing deadline for employers to submit forms W-2 to the Social Security Administration, is January 31. The new January 31 filing deadline also … Read More
Being a Parent Lowers Your Taxes
If you are a parent, you can lower your tax burden significantly. Eight different tax credits and deductions are out there that can help lower your tax burden: Dependents In most cases, a child can be claimed as a dependent in the year they were born. Be sure as a parent to state if your family size has increased … Read More
What’s Your Business’s Purpose?
Defining Your Purpose If you don’t know what is is, your customers won’t either. Also, you won’t be able to tell your customers why they should choose you over your competitors. Surely when you decided to start your business you were inspired. Was it to provide a service or product better, faster or cheaper than what was currently available? Was it … Read More
Designer Reaches Goals With CPA’s Help
Dream of A Designer Janet started her interior design business three years ago with a promising vision. The designer planned to work three days a week and help families achieve the home of their dreams by offering her creativity. As happens often with small business owners, the reality didn’t quite pan out as Janet had hoped. Instead of working three … Read More
Check-Up On Your Business’s Health
A body requires routine checks and examinations for its health. So does a business. No matter what stage your business is in, to keep it going you must check its systems, pay attention to any ailments and prevent early death. For the newborn business, the goals and system checks are pretty simple. Merely staying alive and maintaining your sanity is … Read More