Choosing the Right Filing Status

It’s important that you use the correct filing status when you file your tax return. Your status can affect the amount of tax you owe for the year. It may even affect whether you must file a tax return. Keep in mind that your marital status on Dec. 31 is your status for the whole […]

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How a Virtual Assistant Can Help Your Solo Entrepreneur Business Run Better

[Guest Post] Have you been in a crunch and couldn’t meet your deadline or a report was needed and you could not complete it because you were overwhelmed with other responsibilities? Then it’s time to find a Virtual Assistant. Virtual Assistants (VA) are highly skilled, independent professional who remotely provides administrative, technical and/or creative business […]

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Budgeting – How to Prepare a Workable Plan

A budget is an essential component of your financial plan. Not only does it force you to monitor your spending, it enables you to focus on which items (such as loans and credit card debt) you can pay off or pay down so that you can accumulate funds for retirement, education, or buying a home. […]

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5 Ways A Home Business Can Make One’s Life Easier

Home businesses come in many different shapes, sizes and forms. These types of businesses provide individuals with an alternative to the office job setting and provide various freedoms to the business owners as well. In fact, there are five often-cited ways a home business can make one’s life easier overall. Child Care Issues Perhaps one […]

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4 Simple Steps to Reduce Your Taxes in 2018

Does Tax Season get you down? Here are 4 simple steps that any taxpayer can take to lower your tax bill this year. STEP #1: Understand How Serious Your Tax Problem Is Are you aware of just how much in taxes you are paying? Here’s how much the average family spends on various consumer categories […]

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4 Reasons People Get Into Trouble With The IRS

You don’t want to mess with the Internal Revenue Service. One small mix-up when handling your finances can cost you big!For example, in recent years the IRS has increased its filing of levies, liens, and wage garnishments. In fact, in 2016, several million levies were filed by IRS against taxpayers. Here is a list of […]

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IRS Is Holding Millions In Unclaimed Tax Refunds

Three years is a magical number when it comes to tax returns. It refers to the statute of limitations on certain tax issues such as when an audit can occur, when refunds can be claimed and when amended tax returns can be filed. The IRS is currently holding several million dollars in unclaimed tax refunds. […]

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Tax Reform Updates…What Does it All Mean?

Please note that the information presented below is current as of press time and will be updated as information becomes available. At nearly 500 pages and counting, the Tax Cuts and Jobs Bill (H.R. 1) is the first significant tax reform effort undertaken by Congress in more than 30 years. If the proposed tax reform […]

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Deducting Business Related Car Expenses

Whether you’re self-employed or an employee, if you use a car for business, you get the benefit of tax deductions. There are two choices for claiming deductions: Deduct the actual business-related costs of gas, oil, lubrication, repairs, tires, supplies, parking, tolls, drivers’ salaries, and depreciation. Use the standard mileage deduction in 2016 and simply multiply […]

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How to Choose the Right Recordkeeping System

Today you have a choice of manual and computerized record keeping. In addition, if you use computerized systems (which most people do), you can keep track of your records in the cloud as well. This saves space on your home system, and keeps everything super secure if there should be a problem such as a […]

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