If you use a tax preparer to file your tax return for you, you give them a lot of delicate information. They know all about your finances, your marital status, your contact information, and they even have your Social Security number. So wouldn’t you want...
Whether you are yourself a student or you are paying the education costs of a spouse or child, paying for a post-secondary education can be expensive. However, the government offers two different tax credits for college students to help reduce some of the financial burden....
With so much that goes into planning a wedding, it’s not often that engaged couples take a moment to think about how their impending nuptials will impact their taxes. And while it’s far from the most important thing on your list, it is a good...
Last week, we talked about protecting your personal and financial data online. In a digital world, it is most often digital information that is stolen. However, it is still possible to have your financial information or even your identity stolen through other means. Here are...
Whether you know it or not, so much about your life can be found online. Shopping habits, personal interests, family photos, and more can likely be found on the internet, if someone knows where to look. But what about critical personal information like your Social...
There are a lot of day-to-day processes that are essential to keeping your business running, but which drain a lot of time away from more important endeavors. Regardless of what industry you’re in, payroll is going to be one of these necessary tasks. Accurate, punctual...
The new tax bill passed for 2018 and future tax years made a lot of changes that impacted virtually every taxpayer in the country. One of the most widely impactful changes comes from the government’s elimination of personal exemptions. Personal exemptions are the deductions that...
If you’re experienced with Excel or QuickBooks, you can probably handle the simple bookkeeping tasks for your small business, right? While that’s a thought that many small-business owners have, there’s a lot more that goes into bookkeeping than most people think. And, even if you...
Every business comes with expenses. Hence the popular saying, “You have to spend money to make money.” In an effort to stimulate the economy and encourage the growth of small businesses, the IRS allows companies to deduct the full cost of certain business expenses, and...
As we’ve discussed in previous blogs, miles driven for business purposes can be deducted on your tax return as a business expense. However, it’s important for you to be aware of what qualifies as business mileage and what does not. Here’s a brief look at...
