For individuals who work as W2 employees and have adequate taxes withheld from their paychecks, paying taxes isn’t really something you need to think about until you file a return at the beginning of the year. But if you have any sources of income that...
While we firmly wish that this sort of post wasn’t necessary, unfortunately, it’s not uncommon for people to become victims of identity theft during or shortly after tax season. When filing your taxes, you use a lot of sensitive personal information, and if you’re not...
Charitable contributions are a part of many taxpayers’ returns. But while claiming a cash donation to a non-profit is relatively straightforward, donations of non-cash items can be a bit more complex. In fact, many individuals make donations of their used items and never claim this...
We’ve talked a lot about taxes lately—‘tis the season, after all—but here at The Accounting Guys, we offer a lot of additional accounting services for businesses throughout Utah. So if you’ve worked with us for your business’s tax returns, we invite you to consider using...
Many people dread filing their taxes, because they’re afraid of how much they’re going to owe. Oftentimes, this expense, added on top of your regular bills, can stretch an individual or a family to their financial limits. What if you really can’t afford to pay...
The tax deadline is fast approaching, but if you’re not yet ready to file, don’t let it cause you any undue stress. Filing a tax extension is a relatively simple process. However, there are a few things you need to know about the extension filing...
Filing a business return requires you to track every expense in order to get the maximum benefit on your return. And while keeping a spreadsheet or tracking those expenses in QuickBooks is highly recommended, this data must be accompanied by an accurate paper trail if...
Tax season is a busy time for accountants, but we’re not the only ones who are often working overtime at this time of year. Scammers and identity thieves often put in a lot of extra effort during tax season, attempting to get ahold or your...
The work you do for your business is not always done in the office. In fact, a great deal of the work you do will be in other locations as you network with other business owners, visit customers’ offices, and meet with suppliers. The miles...
Charitable contributions are a major part of most of our clients’ taxes here at The Accounting Guys. Many people seem to think that any donation given to any person or organization can be listed on your tax return. And while any donation is certainly a...
