Category Archives: Tax Tips

Withholding money from your paycheck is part of our “pay as you go” system for paying income tax. Generally you want to withhold enough to cover 90% of your tax liability.

If you do not want to wait 39 years to deduct the cost of your commercial building, a cost segregation study can classify some elements as personal property.

You can greatly reduce the error rate on your tax returns by e-filing. As a bonus, you can generally receive your refund in three weeks.

Missing your target on your budget does not mean your budget won’t work. You just need to set more realistic targets.

We offer six easy tips for creating your own budget.

Every day we are surrounded by the realities of rents and mortgages, groceries, children and endless bills. A budget can help make it all work.

If you stay at work late to meet a deadline and the company buys pizza for dinner, is this taxable? And to whom?

If you neglect to take your required minimum distribution from your IRA, you will be taxed a 50% penalty on the amount that should have been distributed, but was not.

When we were children trading assets like baseball cards was just fun. Today, if you trade larger assets like a house or business property, it is considered a like-kind exchange, and it can minimize your taxes.

If you are gifting property or stocks, your deduction depends on whether the property is ordinary income property or capital gain property.