Tax returns can feel daunting, with a lot of paperwork involved. Your tax preparer is there to help you make sense of it all, but first, he or she needs all the information you can provide. It’s better to bring too much documentation than too little, and staying organized can help you to get the …
Which Documents Should I Bring to My Tax Preparer? Read More »
You’ve probably heard all the statistics about how many small businesses fail within their first several years. In many cases, these failures are a result of poor cash flow management on the part of the company. So how can you better manage your cash flow and avoid problems that could prove to be financially catastrophic …
Tips for Better Cash Flow Management at Your Business Read More »
Running payroll is an extremely important job, and it’s critical that you maintain accuracy in the process, as even little mistakes could end up having big consequences. Many small businesses have their owner or another person in-house without much bookkeeping or accounting experience performing payroll tasks, which opens the company up to a greater likelihood …
The Most Common Payroll Mistakes Made by Small Businesses Read More »
If you’ve welcomed a new child to your family this year, you’ll need to consider how it will affect your tax return in the coming year. Here are a few examples of ways your taxes will be affected by your new addition. Social Security number You will need a Social Security number for your child …
One of the most common methods of funding retirements is through the use of Individual Retirement Accounts, or IRAs. You can work with banks, investment firms or insurance companies to set up an IRA, which is a type of account shielded from taxes. Your IRA may be composed of mutual funds, bonds, stocks or just …
Every year, people across the United States have to consider whether they will do their taxes themselves or reach out to a professional tax preparer. While it is true that it typically costs less money up front to do your taxes yourself, there are plenty of reasons why having a professional do your taxes for …
Why You Should Seek Professional Assistance When Preparing Your Taxes Read More »
Tax season can be a stressful time for business owners. In addition to running the day to day aspects of your small business, you also need to get all of the documents and materials you need for your taxes in order. There are strategies you can employ throughout the entire year to help ease some …
A Tax Preparation Checklist for Small Businesses Read More »
With tax season now upon us, it is important to spend some time getting yourself organized to make the process of filling out and filing your tax return as stress-free as possible. Hopefully, you have done a good job of staying organized throughout most of the last year, but even if you haven’t, here are …
Tips for Keeping Yourself Organized During Tax Season Read More »
Federal tax returns are always due either on April 15 or the first business day after. While this is a hard deadline for most Americans, the IRS does grant automatic six-month extensions (to October 15) if you complete and submit Form 4868. However, it is important to note that even if you get an extension …
When Can I Get an Extension for Filing My Tax Return? Read More »
One of the biggest stories in politics this fall has been the Republican efforts to pass overhauls to the United States tax code. Both the House tax reform bill and its corresponding Senate draft have a number of different potential effects on employers and employees alike, including specific changes that could affect tax returns. Here …
How Proposed Tax Code Changes Could Affect Your Tax Return Read More »
