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
How to Retire Without Being Taxed to Death
You probably are looking forward to retirement because you have a tax deferred retirement account that has been growing throughout your career. However, the bad news is it is not always going to be a tax-deferred account. Therefore, you have to come up with a plan that is not going to allow taxes to
Eurozone still in crisis in 2014?
Last week, we took a look at how the Eurozone crisis of 2010 affected Ireland, Greece and Spain---3 of the hardest hit countries. In Spain and Greece, austerity measures and rioting were the norm for years while in Ireland a burst housing bubble led to financial disaster. Read that post
New Jersey’s “jock tax”
As the Denver Broncos and Seattle Seahawks head to East Rutherford, N.J. to hear some pretty high-stakes tunes at the 2014 NFL Superbowl, tax season descends . . . and with it an informative article from the New York Times about "the jock tax." Since before the early '90's and the NBA reign of
Seattle Paid Sick and Safe Time
Seattle Paid Sick and Safe Time Starting September 1, 2012, employers are required to provide paid sick and safe time to their employees who work within Seattle city limits. Employees are eligible for paid sick and safe time if work is performed on a full-time, part-time or temporary basis,
Preparing Form 656
Preparing Form 656 and Supporting Documentation in Seeking an Offer for Compromise An Offer for Compromise (OIC) is a back tax debt settlement offer provided by the Internal revenue service to taxpayers, either an individual or a business unable to pay their tax dues in full. There are certain
Startups & Best Accounting Practices
Startups: Accounting Best Practices You worked day and night to get your small business off the ground. As the sales and expenses grow, you have finally got the hang of bookkeeping, in addition to your main business tasks. While keeping your company’s books correct is a great start, there are
Charitable Contributions
Tax Deductible Charitable Contributions Another chapter in our Self-Employed Tax Guide. As a Self-Employed Small Business owner, this is one of the best marketing tools out there as well as a great tax deduction if prepared and carried out correctly. What better way to get your small business's