2016 Deadlines and Dates

Its that time of year again, well technically that time of year started last month but I’m a little bit behind or on-time or just barely by the skin of my teeth on time. We are working hard to get all of our clients up-to-date and all requests handled as fast as...

SEPs: A Quick and Easy Retirement Plan Option

Setting up and maintaining a simplified employee pension (SEP) is probably easier than you think. The sooner you get started saving, the more secure your retirement will be, plus your business can gain tax advantages right away. SEP Basics The SEP is a stripped-down...

Questions to ask your tax preparer

Great article on Forbes today about 11 questions to ask when hiring a tax preparerĀ and I agree on the 11 questions you should ask your tax preparer or potential tax preparer and we got your answers and we’ve added an additional question and answer. Do you have a...

What Income in Nontaxable?

Most types of income are taxable, but some are not. Income can include money, property or services that you receive. Here are some examples of income that are usually not taxable: Child support payments; Gifts, bequests and inheritances; Welfare benefits; Damage...

A time of transition, changing jobs may lower your taxes

September is often a time of transition, when people decide to make major life decisions–such as changing jobs. If you’re looking for a new job, then you may be able to claim a tax deduction for some of your job hunting expenses–as long as it’s...

Which Moving Expenses are Deductible?

If you moved due to a change in your job or business location, or because you started a new job or business, you may be able to deduct your reasonable moving expenses; however, you may not deduct any expenses for meals. If you meet the requirements of the tax law for...