Filing Taxes & Tax Returns

As an accounting business who serves other small businesses, we think updating our clients on changes to the tax code is a part of our business. So if you've just dropped in, why don't you take a moment to see what condition the US tax condition is in. Relevant? Relevant.We mentioned in a recent

Take a look at this fun and informative article from the New York Times on how to cheat on your taxes!Well, maybe that description is a bit misleading, but here's the thing--From a few short anecdotes by accountants on far-fetched ideas for deductions to a description of the government's dream

U.S. tax law is notoriously complicated both to laymen and those who work in finance but may not specialize in tax preparation. Because of this, it's often worth it to enlist the help of a tax specialist who has an extensive breadth of knowledge regarding the tax code and experience handling

Individual 1040's:On October 15th all Individual tax returns (form 1040) are due to be filed with the IRS.  If you fail to file your return by the October 15th deadline you will be subject to a late filing penalty.  The late filing penalty is usually 5% of the tax due per month with a maximum

For 2009 and 2010 the existing Hope education credit has been modified and is now referred to as The American Opportunity Credit.  This credit is designed to help students and their parents pay for the first 4 years of college.  The modification to the Hope credit makes it aviailbe to a larger range

The new Washington State Streamlined Sales Tax legislation went into effect on July 1, 2008.  What this means is that now every Washington Business needs to collect sales taxes for the tax jurisdiction where the goods or shipped or delivered to.  Before this legislation business collected sales tax

Are you drawing up your year-end charitable contributions list? After you check it twice, add a reminder to gather the paperwork required to claim a gift for yourself: an itemized tax deduction.Here are four tips: Remember the new rules for cash donations. You'll need a written record to deduct