Like it or Not, Now Is the Time to Think About Taxes
There are still several days before we officially celebrate Christmas, which means people still have plenty to do, including finding those important last-minute gifts. However, if you are done with your shopping, maybe you can put Christmas aside for a moment and focus on taxes. Taxes are probably the last thing you want to think about right now, but if you wait too long the chance to save some money could melt away as fast as spring snow.
Even though you don’t have to turn your taxes in until April, the choices you make now can make a huge difference. With so many tax considerations still up in the air, along with the Affordable Care Act (ACA), there are lots of things to think about, and plan for.
For starters, you can get a better idea of how the ACA will affect you by using the Tax Policy Center ACA Calculator found here. This will give you a better idea of how the ACA and all its intricacies will affect your 2014 tax return. Another possible trouble spot for taxpayers is the continued uncertainty in Washington regarding several tax breaks that expired at the end of last year. Stay tuned.
Of course, there are some measures you can take no matter what lawmakers decide to do. For example, when you have stocks that do well it can help to sell other less-successful stocks. Doing so can help offset your capital gains. Another way to save is to contribute as much as possible to you retirement account. Using up flexible spending accounts before the year is over is also usually a smart move, as is making charitable donations. All of these steps can make for a happier tax return.
If you would like other tax saving tips to help you plan for your return, then contact us online today at GROCO, or call us at 1-877-CPA-2006.
Top Moments in Space Exploration
“Remember to look up at the stars and not down at your feet.” – Stephen HawkingThere is no question that space exploration has progressed technology, increased our understanding of the world around us, and inspire us to new heights. Space travel continues to inspire us today. Here is our list of 10 inspiring moments in space exploration. Please share what other inspiring space moments you think should be on the list.10. Space X Falcon Heavy LaunchSpace X Falcon Heavy launch was a big deal for
How to Become a Global Business Leader
Not everyone that wants to become a global business leader is going to reach that goal. That’s because it takes serious commitment, hard work, and a relentless desire to succeed in order to become a successful global business leader. But don’t despair; nothing is impossible if you’re willing to do the work. But you will need to make certain decisions to get there.Don’t be afraid to take chances – taking risks is important, but you don’t want o be reckless. It’s best to take educated risks
Is Bitcoin Ready for Another Surge?
Is Bitcoin Ready for Another Surge? If you’re lucky enough to own a stake in the cryptocurrency Bitcoin, then you’re already aware of it’s extreme volatility. The ultra popular digital currency has experienced massive jumps and slides during the last year, which have seen it reach as high as $19,783 back in December, only to…
How to Start a company with $101
“How can I get my company started if I don’t have any money?” If you are asking this question, you are not alone. The solution is Bootstrapping.Bootstrapping is starting a business with little resources; this includes, money, skills, and a vast array of knowledge. Businesses are starting all around the world and succeeding with very little money. Here are some ideas for you to consider and some guidelines to follow. Reduce cost for things that don’t matter to your customers. The internet has