There are a number of benefits to working for yourself. Being able to control your income, being able to work when you want to and having to answer to no one are big reasons why people opt to work for themselves. But with the sweet comes some of the sour and one of the difficult parts of owning your
Reasons To File Your Taxes Early
Many taxpayers tend to wait because they see no harm in waiting until April 15th or are not aware of the positive effects from filing their taxes early. This year, try and file your taxes early because there are a number of benefits you can gain. The following are some of the main reasons as to why
Best Ways to Avoid a Tax Audit
With the new year underway, many people are looking to receive their W-2 or 1099 forms to reveal their income for the past year. Therefore, tax season is approaching and many people need to prepare to file their tax returns. When filing tax returns, most people expect to receive a tax refund which
Laws That Will Affect Your 2018 Tax Return
Congress has passed the largest piece of reform legislation in more than three decades. The Tax Cuts and Jobs Act (TCJA) went into place on the 1st of January, 2018. This means that the changes on this Act will affect the incomes of most taxpayers for the 2018 year. It may not be clear to some how
Do I Have To File Taxes?
You've probably heard it's tax filing season again. Like clockwork, it is back and you have seen the marketing efforts by companies notifying you to file your tax return: television commercials, pandora ads, billboards shouting for you to file your return. Do you find yourself left baffled at the
Carry Over Business Expenses
While every entrepreneur seeks profits, it's all too common to suffer losses. Carrying over expenses is when a business has undergone losses, and the business owner decides to carry over the loss to the next year; or even the previous year that your business was profitable. The carry over rule in
Rising Cost of Health Insurance? Here’s How You Can Save
You have eventually sealed the deal with your prospective employee; however, they pop in one final question, “Do you have insurance?” Of course, it’s there, but it has been a pain for as long as you have been paying for the expenses. Maybe you have been considering lowering or even eliminating it.
What Does An Accountant Do With Taxes?
Tax laws are constantly changing and quite frankly trying to keep up with all of these changes can be a complex tax. Tax accountants help companies and also individuals make sure they remain in alignment with tax laws by making sure they file their federal and state income returns. In fact, some tax