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Tax Day has officially come, so now it is the season of returns. If you’re one of those lucky people getting some money back, don’t splurge! Use this money wisely and watch your money and life grow! 1. Education: Whether this is a college fund for your children, paying off your student loans, or investing […]

Tax season is under way which means tax returns are too. Though this may seem like a little extra cash, this is a great time to save and take advantage of the added bonus, even though you technically already earned it. This month, we’re listing some things you should NOT spend your tax return on.

The IRS STRONGLY recommends married couples file their taxes jointly. For most couples, there are tax breaks that make this the most economical option. This is because most joint filers reach a higher income threshold for certain taxes and deduction, meaning there is potential for certain tax breaks. If you decide to file separately, you

Tax season is right upon us, which means it’s time to prep. You will need the following information as part of your tax preparation: -SSN -W2 for self and spouse -1099-S forms for income from sale of a property -Form 1098-E for student loan interest paid -State and local income taxes paid -Vehicle license fees

Between the holiday parties, corporate gifts, and year end bonuses, holiday finances, no matter what size of business you run, can be complicated. Let a CPA help by managing your bookkeeping and ensuring payroll continues as normal, even after the bonuses. Running a business is hard enough without keeping track of every dollar spent. The

A levy can be avoided by filing returns and paying taxes on time. A CPA can help file your personal taxes and assist in finding strategic breaks. However, if you need more time to file your taxes, you can request an extension with the IRS. If insufficient funds is the issue, you need to pay

Payroll is a necessary aspect of running a business regardless of the size, but accurately managing payroll can be a challenging, especially considering vacation policy,bonuses and raises. A CPA can simplify the payroll process, accurately monitor all exceptions or routine increases, and provide you a comprehensive payroll solution. Furthermore, there is flexibility with the distribution

To those unfamiliar with accounting practices, some of the tax related terminology is indistinguishable. This month, we are explaining what these terms mean, and more specifically, what they mean for you. Levy: An IRS levy allows the legal seizure of your property in order to rectify any tax debt. This includes garnishing wages, removing money

Is your small business switching to Quickbooks? This is a standard accounting tool that is great for all business sizes, but small businesses may not have the time to install and learn the tool. Therefore, a Certified QuickBooks Proadvisor, like myself, can implement and train your staff on the software. We can work together to

Hiring a CPA for payroll services can save you valuable time. There are generally two types of payroll services rendered. The complete payroll service includes payroll data entry & calculations, direct deposits if preferred, e-payment of payroll tax deposits and e-filing of all federal and state payroll tax returns. A CPA will make sure all