Cash Flow: The Life Blood of Business
Cash is essential to the success of any business. Cash is the "life blood" that keeps a business operating. If cash drys up, the business fails. Understanding your business' cash flow is a key...
View ArticleClaiming the Child Tax Credit
You can potentially reduce your federal income tax by up to $1,000 through 2010 for each qualifying child.
View ArticleDelay Home Energy Efficiency Improvements
Emergency Economic Stabilization Act of 2008, tax credits for energy efficient home improvements.
View ArticleEmployee Versus Independent Contractor
If you hire someone for a long-term, full-time project or a series of projects that are likely to last for an extended period, you must pay special attention to the difference between independent...
View ArticleFinancial Planning Tips for January 2009
Prepare a financial plan and a budgeting system for monitoring your income, expenses, assets and liabilities.
View ArticleHousehold Employees and Withholding Taxes
If you employ someone to work for you around your house, it is important to consider the tax implications of this arrangement. While many people disregard the need to pay taxes on household employees,...
View ArticleHow to Avoid Tax Time Problems
Are you looking for ways to avoid the last-minute rush for doing your taxes? Here are 3 simple tips to avoid stress headaches during tax season.
View ArticleHow to Get Paid On Time
With the current struggling economic conditions, the collection of accounts receivable is becoming more and more challenge each day. Strengthening your collection procedures may allow you to shorten...
View ArticleIncome from Foreign Sources
Tax return information regarding income from foreign sources.Many United States citizens earn money from foreign sources. These taxpayers must remember that they must report all such income on their...
View ArticleNew Tax Relief for Individuals
The American Recovery and Reinvestment Act (ARRA) of 2009 was signed into law by President Obama on February 17, 2009. The bill is intended to provide a stimulus to the U.S. economy in the wake of the...
View ArticleObama's New Tax Credit
Most of you have heard that under the Obama Administration's American Recovery and Reinvestment Act you will be receiving a "Making Work Pay" tax credit. But what does this actually mean to you? When...
View ArticleOffset Education Costs - 2009 Changes
Education tax credits were significantly enhanced under the American Recovery and Reinvestment Act of 2009. It is important to review your situation under the new guidelines as you may now be eligible...
View ArticleWidening of Tax Brackets and Benefits
By law, the dollar amounts for a variety of tax provisions must be revised each year to keep pace with inflation. As a result, more than three dozen tax benefits, affecting virtually every taxpayer,...
View Article6 Tax Changes That Benefit Taxpayers for 2012
Thanks to the passage of the American Taxpayer Relief Act of 2012 (ATRA), many tax provisions were extended retroactively (or made permanent) that are of benefit to taxpayers filing 2012 returns this...
View ArticleFive Hidden Reasons You Need a Will
Do you have a will? If the answer is no, you're not alone. But if you think you don't need a will, think again. Rich or poor, having a will is important for just about every taxpayer. Here's why.
View ArticleHow to Avoid Identity Theft During Tax Season
Unfortunately, tax season is prime time for scams. From phony websites to fake IRS e-mail and the threat of computer viruses, this is a good time to be extra careful online. Learn how to avoid identity...
View ArticleReporting Virtual Currency Transactions
With the price of Bitcoin hitting record highs in 2017, many Bitcoin holders cashed out not realizing the impact it could have on their tax bill. If you were one of them, here's what you need to know.
View ArticleSelf-Employed? Five Easy Ways to Lower your Tax Bill
If you're like most small business owners, you probably feel like your tax bill is too high. Here are five ways that could help you save money on your taxes.
View ArticleSelling your Small Business
If you've decided to sell your business, you may be looking forward to lazy days ahead with plenty of cash on hand. The reality, however, is without a tax planning strategy in place you could be liable...
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