On average Americans, pay about $17,000 in taxes each year. While this may seem like a lot imagine if you had to pay more. Today we are discussing some of the worst states for paying taxes in 2015. Maine Maine ranks in #10 in the country when it comes to taxes. If you are able to move to New
Things You Need to Know About Filing Taxes in 2014
The 2014 tax season is going to be here before you know it. Therefore, today we are discussing essential things that you need to know about filing taxes in 2014. There are Different Ways to File Thanks to all of the technology advances, you no longer have to write out all of your tax information
Moscow, Sevastopol and Seattle
In the not so distant past (last week?), we linked to a well-informed article from a CPA about Russian versus Western influence on Ukraine in this post. Since then, there have been new developments in that part of the world as you may or may not be aware. If you are not aware, read on for a quick
John Koskinen, IRS commish
Now that tax season is undeniably here and all of the requisite forms are ever so diligently finding their way to the IRS's mailboxes, here is a video from IRS commissioner John Koskinen outlining a few of the circumstances the average tax payer can expect this year. Is it just me or did you find
Expanded 529 Plan Features
What is a 529 Plan? It is a way to invest your money to be used for future educational expenses for college. Distributions from 529 plans can be used to pay for tuition, books, and other expenses for college. The American Recovery and Reinvestment Act of 2009 has added computer technology to the
2009 Tax Legislation/American Recovery and Reinvestment Act
OVERVIEW On February 17, 2009, President Obama signed into law the American Recovery and Reinvestment Act of 2009. This $787 billion law was intended to jump start the US economy by triggering a surge of direct spending and tax incentives. Overall, the new law creates over 300 changes
A New Forum for Networking & Continuing Education
Fifty six percent of new businesses fail in the first four years. For a decade, I’ve been contacting new business and helping them avoid failure by implementing quality accounting systems and adopting a structure that will preserve cash flow for growth rather than taxes. However, this is clearly
2009 Inflation Adjustments Widen Tax Brackets and Tax Benefits
Due to inflation adjustments, tax brackets are set to widen in 2009. The IRS announced the new personal exemption and standard deduction amounts on October 16, 2008. The key changes that will affect 2009 tax brackets include the following: The new personal and dependency exemption amounts