Mary runs a small digital marketing agency with a small team, serving business clients seeking to optimize their potential customers’ experience in interacting with their websites and social media platforms. As the business started to grow, Mary had neglected the financial aspect of her business and found that although sales were increasing, profitability was not. At … Read More
Construction Business Grows With CPA Advice
Stephen runs a construction business specializing in large basements and car parks. The business has been established for 25 years and has grown steadily, with revenue now into eight figures. Unfortunately, the profit margins are very slim and last year, Stephen’s business barely broke even and he was unable to draw his usual dividend at the year end. His CPA … Read More
Did You Make a Tax Mistake?
The April 18th tax filing deadline is finally in the rearview mirror. Now you might be sitting back, waiting for that refund check to hit your account – or trying not to think about that big one you had to write. Then, all of sudden, you realize you made a tax mistake. Maybe it was a simple tax mistake: you … Read More
What Will You Do with Your Tax Refund?
Most people who are expecting a tax refund this year or who already have gotten one plan to use the money to improve their personal finances. About a third (34%) say they’ll use it to pay down their debt, and another third (33%) say they’ll save or invest the money, a new survey shows. About a quarter (26%) say they … Read More
Claim Tax Credits Before It’s Too Late
It’s crazy to think, but many taxpayers every year fail to take advantage of the tax credits they’re eligible for. With April 18 almost here, make sure you’re up to speed on any credits you may be able to claim, as that could make a serious dent in your tax burden or even result in the IRS writing you a nice … Read More
Is Filing a Tax Extension Right for You?
The tax deadline is just around the corner. Maybe you’re overwhelmed at work or you misplaced the W-2 that your employer sent you weeks ago. Whatever the reason, it looks like you might not make the looming April 18 due date and filing a tax extension may be the right thing for you. It’s alright! The good news is that … Read More
Spring Small Business Tips
Besides being a time for reassessing personal finances, after tax season is a good time for small businesses to de-clutter business expenses and polish up business plans. Here are some tips for small businesses to perform a little “spring cleaning” of their own: 1. De-cluttering expenses: Now it’s smart to think about next tax year and changes you can make … Read More
10 Crazy Tax Facts for Tax Day
Taxes have been levied on people since the beginning of civilization. Since Tax Day is almost upon us, we thought it would be fun to share some of the most interesting tax facts from the long and fascinating history of taxes: The number of words in Atlas Shrugged is 645,000. The Bible has around 700,000 words. The number of words in the … Read More
Tips for Education Tax Benefits
Income tax season is here. College students and their families should learn about available education tax benefits that can help lower their education costs. On average, families spend $24,000 a year on college. However, just over a third take advantage of federal tax credits and deductions to help make college more affordable. The benefits have changing rules and limitations, and … Read More
Military Members Tax Tips
Joining the military means changing your life. Frequent moves, new skills, and overseas deployments all come with the job description. Even taxes change for members of the Armed Forces. That’s why we’re providing military members tax tips. Over the years, the government has created a number of provisions and perks intended to make life for military members less hard on … Read More