Filing season for our 2016 taxes opened January 23, 2017, and because of a holiday, the deadline for filing is April 18th this year. As we await our last W2s and 1099s, hopefully some of us are expecting a return! What new tax laws are in store for our 2016 tax filing? What tax law […]
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Tax Code Section 179 and Small Businesses
Are you saving your small business all the money you possibly can? Tax code section 179 is a popular one for business owners for their money-saving strategy during their tax season. Section 179 Deduction This section applies to companies that have property they want to depreciate. Under normal circumstances, a company would depreciate a piece […]
Record Keeping How-To for Businesses
Many questions arise when it comes to record keeping so we’ll cover some basic guidelines that should help you better understand when to keep it and when to trash it. Keeping records far past the necessary time-frame can cost unnecessary time and money, and in some cases can expose your business to litigation. However, understanding […]
Record Keeping How-To for Individuals
How many shoe boxes full of receipts do you have? How many year’s worth are up in that closet, or would you rather not think about it? The question for many people about record retention, for themselves or for the family, is how long do I possibly need to save all that stuff? One year? […]
Senior Tax Credit for the Elderly or Disabled
We’d all like less taxes to pay, so we try to take advantage of all the deductions and credits that we can. But our lives change, and the tax code changes, and it’s sometimes difficult to determine if we’re really on top of our tax-game. This post will focus on the tax credit for the […]
How to File a Tax Extension for Businesses and Individuals
Updated April 2018 Sometimes we aren’t quite as prepared for tax time as we’d like to be! Which is why knowing how to file a tax extension comes in handy. Tax payments however, except in a few special cases, cannot be granted a time extension and the due date is April 18 (for individuals) to […]
