Top 10 Tips for Year-End Tax Planning
Does it feel like you just finished last year’s taxes? Well, believe it or not it’s almost time to do it again. Every year the tax laws and policies change, so each year you will have to be aware of these changes and additions. However, there are some things that never seem to change. With that in mind let’s review some of the top tax tips for year-end tax planning.
Deductible Business Expenses
Deductible Business Expenses Business expenses are the cost of carrying on a trade or business. These expenses are usually deductible if the business is operated to make a profit. What Can I Deduct? To be deductible, a business expense must be both ordinary and necessary. An ordinary expense is one that is common and accepted…
Setting Personal Goals at Home and at Work
Should you be setting personal goals at home and at work? Do you find yourself drifting every now and then, going from day to day, just not achieving very much? If the answer’s yes, don’t worry!…you’re not unusual. But a lot of people do find it hard to get out the trap. They know they could…
Federal Government Takes in Record Tax Haul in 2014
Federal Government Takes in Record Tax Haul in 2014 Three trillion dollars is a lot of money. Just imagine what you could do with $3 trillion. The possibilities are practically limitless. Of course no one is worth $3 trillion, individually. However, the United States Federal Government recently reported that for the 2014 fiscal year it…
Do You Need to File a Federal Income Tax Return
Many people will file a 2013 Federal income tax return even though the income on the return was below the filing requirement. The questions below will help you determine if you need to file a Federal Income Tax return or if you need to stop your withholding so you will not have to file an…