2 Tax Credits for Small Businesses

March 3, 2016

Tax credits reduce tax liability dollar-for-dollar, making them particularly valuable. Two valuable credits are especially for small businesses that offer certain employee benefits. Can you claim one — or both — of Read more

Who’s Checking Your Tax Returns

February 20, 2016

There is a growing comfort level in society today regarding the accuracy of information produced by computerized processes. This is the assumption that, so long as the data is keyed into a computer program, the Read more

File early to avoid tax identity theft

January 26, 2016

If you’re like many Americans, you may not start thinking about filing your tax return until the April 15 deadline (this year, April 18) is just a few weeks — or perhaps even just a few days — away. But there’s another date you Read more

The IRS May Put You on Hold

January 22, 2016

During the tax preparation season, business owners, individual taxpayers, and CPAs often have questions for the IRS. If you need to call the agency, be prepared for a long wait. Increased tax code complexity plus budget Read more

Substantiating Charitable Contributions

January 14, 2016

In order to substantiate monetary charitable contributions, you must have either a bank record of the contributions or a written acknowledgement from the organization. Cancelled checks are the easiest way to Read more

They’re back! Depreciation breaks extended

December 23, 2015

For much of this year, uncertainty surrounded whether Congress would extend relief in the area of depreciation-related tax breaks. On December 18, clarity finally arrived with the passage of the Protecting Read more

7 last-minute ways to save taxes

December 15, 2015

The year is quickly drawing to a close, but there’s still time to take steps to reduce your 2015 tax liability and save taxes — but you just must act by December 31:

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