Posts Tagged ‘Taxes’
Should I Use Form 1040, Form 1040A, or Form 1040EZ?
When you file a personal income tax return with the IRS by April 15, you have a choice of 3 basic tax forms to select from that are essentially designed to report similar tax and financial information. These personal income tax returns include: Form 1040 Form 1040A Form 1040EZ While they have similar intentions, each…
Read MoreValuation of Your Business for Tax Planning
Few business owners relish spending money on something they don’t need. And for most owners, hiring an expert to estimate the value of their companies falls into that don’t-need category. So it is no surprise that owners typically respond to an exit planning advisor’s recommendation to get an estimate of value for the company with…
Read More3 Important Multi-State Tax Facts Companies Need to Know
What do software companies need to know about when it comes to multi-state tax issues? Last year we shared an overview of nuances many in the field don’t think about, but need to consider when it comes to their organization. As a large portion of the technology industry, it is important that software companies are…
Read More2017 Tax Law Changes That Could Affect You
After “Auld Lang Syne” plays to usher in a new calendar year, you can always bet on the government and the Internal Revenue Service making changes and adjustments to tax laws from the previous year. Some years see lots of changes, while others only endure minor adjustments to the federal tax code. Below is an…
Read MoreStandard Mileage Rate Falls Again for Tax Year 2017
Self-employed professionals who use a vehicle for business trips were likely not thrilled when the standard mileage rate on deducting business mileage plummeted from 57.5 cents per mile in 2015 to 54 cents per mile in 2016. While the rate for 2017 is not dropping as much, it is still lower than the 2016 rate…
Read MoreA Lowdown on the 2017 Tax Season
The Internal Revenue Service has officially announced when the opening bell for the 2017 tax season will ring, signaling the start of when the federal tax collection agency will begin processing federal income tax returns. There are also some other important changes of note. So, here is our preview of the 2017 tax season with…
Read More6 Tax Moves to Make Before the End of the Year
As the hectic holiday season approaches, most people are wondering how they’ll be able to save on holiday shopping rather than what they can do to save on taxes. So, let’s explore some tax moves you should consider making before the calendar turns to 2017 to help you reduce your tax bill from Uncle Sam.…
Read MoreSnapping Your Way to Savings: Tax Tips for Photographers
Professional photographers capture some of the most important moments of each day. Perhaps you take pictures at press conferences, weddings, sporting events, or natural wonders of the world. While you’re probably an expert at timing, you may not have as much experience when it comes to handling business accounting requirements. So, in honor of Photographers…
Read More6 Tax Tips for New Small Business Owners
Did you just start your own lawn service or construction company? Launching a business is one of the most exciting things you can do, but you must be prepared for a whole new set of tax laws and requirements for small business owners. These tips can help you remain compliant with all tax authorities and…
Read MoreSales Tax Non-Compliance: What’s Your Exposure?
An entrepreneur’s dream is to start her own business and witness it grow. First, she wants to see it grow locally. And then, she may see it grow statewide. Whether the company is a small retail operation or a cutting edge technology company, the next step up may be overwhelming as the business begins to…
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