blog

  • How Hsas Help Reduce Taxes And Plan For The Future

    If you are looking for a tax-deductible way to save for future medical expenses as well as retirement, then a health savings account, or HSA may be for you. HSAs have many advantages, but they're not for everyone. For one, you must qualify under some strict IRS rules. Here is more information about how an HSA can help you with taxes and retirement, and what you need to do to have one.
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  • Does Your Spouse Owe Child Support? Find Out How To Protect Your Taxes

    Are you married to someone who owes back child support? Did you file a married joint tax return only to discover that part of your refund was used to cover arrears? If so, you are likely feeling stressed out and panicked. Many people run into the same situation time and time again. Fortunately, there is hope. It is possible for you to retrieve your portion of the tax refund, but you need to understand what steps you must take.
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  • Worried About Your Self-Prepared Taxes? Do You Need A CPA Or Tax Attorney?

    If you've used tax software to prepare your federal and state income tax returns for the last few years, you may find yourself with nagging doubts about the accuracy of your return—especially if your income and deductions haven't changed much from year to year while the amount of taxes owed has. But what are your options when it comes to reviewing past years' returns for accuracy? Should you simply wait until you receive an audit notice from the IRS?
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  • Tax Planning Tips For Equine Professionals

    Working as a trainer, riding instructor, equine massage therapist, or other professional in the equine industry is not for the faint of heart. Not only do you have to deal with 1,200 pound animals day in and day out, but you also have to deal with their owners! You do it because you love it — but one aspect of running your business that you probably don't love is filing your taxes.
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  • How Financial Planning Should Figure Into Your Future

    Trying to anticipate your long-term financial needs can be a challenge, but a professional may be able to guide you through the process of setting up accounts, assessing goals and making calculations. In these 5 areas, a financial planning services provider can help you do a better job of taking a long-term outlook. Unbiased Opinions Even people who have professional experience in finance turn to planners for assistance, and one of the biggest reasons is to put some distance between themselves and their planning efforts.
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  • Some Deductions Small Business Can Take

    If you own a small business you might be wondering what you can do to save money on your taxes. Too many small businesses are overpaying on their taxes because they don't know what kind of deductions they can take. This is why it is important to hire a CPA that knows what they are doing when it comes to small business. Here are some deductions that you can take for a small business that you may not know about.
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  • 3 Situations Where Hiring A Tax Preparation Service Is A Good Idea

    Tax season always seems to be just around the corner, and it is important that you are prepared for it. This allows things to go much more smoothly for you, and it helps you to ensure that all of your taxes are paid in full and on time. One decision that you need to make in terms of your taxes is if you would like to prepare your taxes yourself or if you want someone else to prepare them for you.
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  • 3 Things To Count As Expenses With A Regular 9-5 Job

    You work hard all year only to realize when it's all over that Uncle Sam still has his hand out because you've not had enough taxes deducted from your paycheck to cover your tax liability. Even though you have a regular job and do not own your own business, it does not mean that there are not certain ways that you may be able to chip away at that tax bill, especially if you have work-related expenses.
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  • 5 Things You Need To Do In Order To Understand The Technical Side To Payroll

    If you ever spent any time as an employee, you know that in order to get your check, that your employer needs your hours so that they can complete their payroll. It is pretty simple when you are on the employee side of things – just submit your hours to your employer and wait for your paycheck. When you are on the employer side of things though, it is a little more complicated.
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  • Deducting The Cost Of Unreimbursed Work Expenses

    Some employed individuals occasionally spend their own money while performing work duties for their company. The expense might be unanticipated, but necessary to get the job done. Other employees may routinely incur costs while traveling for the benefit of their company. In either scenario, the employee may be able to deduct the cost of unreimbursed business expenses on their taxes. Expenses paid by an employee that are reimbursed are not deductible on the employee's tax return.
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