Monthly Archives: January 2015

Small Business Expenses 101

For small business owners, tax breaks often come in the form of tax deductions – which can offer a nice little instant cash savings – if you know how to navigate tax law and claim the deductions you deserve (not what you believe you are entitled to). Large tax deductions are a notorious red flag [...]

By |2016-11-23T22:45:51-08:00January 27th, 2015|Categories: Uncategorized|Comments Off on Small Business Expenses 101

Some Tax Facts for Military Reservists

Members of the U.S. Armed Forces reserve component often have questions about the tax deductibility of expenses they incur as part of their service in a reserve unit. For businesses that cater to military personnel, they can market their intentions to those serving/not serving so they can get discounts on other products, by using marketing [...]

By |2016-01-21T00:01:45-08:00January 27th, 2015|Categories: Uncategorized|Comments Off on Some Tax Facts for Military Reservists

Start Planning Now for 2014 Income Taxes

Start Planning Now for 2014 Income Taxes You may not have even completed your 2013 taxes yet. But now is an ideal time to start getting ready for your 2014 returns. If this is not something that appeals to you, it might be time to find out more about accounting services and having an accountant [...]

By |2016-11-23T22:45:51-08:00January 27th, 2015|Categories: Uncategorized|Comments Off on Start Planning Now for 2014 Income Taxes

Tax Benefits for Grandchildren

If you are a grandparent there are a number of things you can do to teach your grandchildren financial responsibility and set aside money for their future education and retirement. Before we get into actual suggestions, it is important that you understand the gift tax rules. You can give anyone, every year, an amount up [...]

By |2016-11-23T22:45:51-08:00January 27th, 2015|Categories: Uncategorized|Comments Off on Tax Benefits for Grandchildren

Tax Breaks for the Self-Employed and Small Business Owners

The following is a compilation of a number of tax breaks available to self-employed individuals and/or small business owners. Some can be implemented before year’s end, providing benefits for your 2011 return, while others will provide planning opportunities for 2012. Little or No Profit This Year — The farm and nonfarm optional methods for computing [...]

By |2016-11-23T22:45:51-08:00January 27th, 2015|Categories: Uncategorized|Comments Off on Tax Breaks for the Self-Employed and Small Business Owners

Tax Facts about Summertime Child Care Expenses

Many parents who work or are looking for work must arrange for care of their children during school vacations. Arranging what type of care is what can make it more difficult; for example, will you hire a nanny or look into websites like Go Au Pair for your child care needs? If you are one [...]

By |2016-11-23T22:45:51-08:00January 27th, 2015|Categories: Uncategorized|Comments Off on Tax Facts about Summertime Child Care Expenses

Tax Filing Deadline Rapidly Approaching

Just a reminder that the due date for 2013 tax returns is April 15, 2014! There is no penalty for filing late if you are receiving a refund. However, it is quite a different story if you have a balance due. There are two types of penalties. Late filings and late payments are quite severe. [...]

By |2016-01-21T00:01:46-08:00January 27th, 2015|Categories: Uncategorized|Comments Off on Tax Filing Deadline Rapidly Approaching

Tax Increases Looming in 2013

Without Congressional action before the end of the year, just about everyone, rich and poor alike, will be hit by tax increases. These increases are the result of temporary tax benefits that will expire at the end of 2012. Just about everyone will be affected in one way or another. The following is a list [...]

By |2016-11-23T22:45:51-08:00January 27th, 2015|Categories: Uncategorized|Comments Off on Tax Increases Looming in 2013

Tax Tips for Job Seekers

If you are unfortunate enough to be out of work, you may be spending time attending career fairs, using websites like https://www.arcresumes.com/local/texas/ and possibly others, to professionalize your resume more, and traveling around looking and interviewing for employment. You may find that interviews are just not your strong suit and that advice is needed from [...]

By |2016-11-23T22:45:51-08:00January 27th, 2015|Categories: Uncategorized|Comments Off on Tax Tips for Job Seekers

Tax Tips for Newlyweds

This time of year is popular for weddings. Wedding dress shops such as Winnie Couture Bridal and wedding venues are often rushed off their feet preparing brides and grooms alike for their big days. From the decor of the wedding venue, to their dresses and honeymoon plans (such as their choice of lingerie, pheromones oils [...]

By |2016-11-23T22:45:51-08:00January 27th, 2015|Categories: Uncategorized|Comments Off on Tax Tips for Newlyweds
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