How to Request a Tax Extension What do you do if you are unable to file your federal tax returns by the April deadline? When you find yourself in this situation, a tax filing extension is usually the best solution to avoid being charged with late payment fees and...
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The Top Three Tax-Related Challenges For Business Owners in 2016 If you are a business owner, 2016 probably isn’t the best year for you. As far as business owner taxes are concerned, apart from a few changes in taxation and legislation, the challenges remain almost the same as 2015,...
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Changes to the tax law for 2016 As you get ready to file your taxes, there are some changes to the laws you should know about. 1) Health Insurance Under the Affordable Care Act if you do not have health insurance you will pay additional tax. You have to...
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While tax season may be seen as a dreadful financial time, we can look at the bright side by spotting opportunities to reduce our tax! But how? Here, we’ve listed few effective ways on how you can lower your tax bill so you can save more money for yourself,...
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It’s not unusual to make errors with paperwork, but when it comes to tax filing, the smallest detail can cost you large sums of money. Being accurate literally pays off in this scenario and should be a priority. Make sure you avoid the following costly mistakes this tax season!...
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File Your Taxes Early Tax Season has just begun. That means, you still have plenty of time to organize everything you need if you still haven’t, and look for opportunities to lower your tax bill and get refunds. But does that also mean you have to procrastinate? We strongly...
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Top 3 Business Accounting Resolutions You Should Make As we welcome 2016, everybody is listing their New Year’s resolutions. Most people plan to make a change regarding their health, relationships, and career. However, as a business owner, you should also have resolutions to stick to for your business. While...
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With the help of a good tax preparer for your personal or business taxes, you can probably save hundreds or thousands of dollars. But if you don’t choose your preparer wisely, your loss can be greater. Taxes and finances are critical topics. It’s always wise to carefully scrutinize your...
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And Why Choosing the Right Structure is Crucial When starting a business, you should know which structure you’ll use, whether it’s a Sole Proprietorship, General Partnership, LLC, S-Corporation, or C-Corporation. This video explains the differences, advantages and disadvantages, and general information about each structure to help you decide what...
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