Individuals: Start Off on the Right Foot for the 2019 Tax Year
Individuals and small businesses should consider various ways of starting off on the right foot for the 2019 tax year. We give you a list to follow in this week’s Tax Tip.
The Major Reasons a Virtual CFO Can Help Your Business Thrive
Does your business need a vCFO? Find out in this week’s Business Tip.
What are the Hope credit and the Lifetime Learning credit?
Are you going to start paying higher education costs? You might qualify for a tax credit. Find out in this week’s Tax Tip.
Vacation Home Rentals: How the Income Is Taxed
If you have a second home in a resort area, or if you have been considering acquiring a second home or vacation home, you may have questions about how rental income is taxed for a part-time vacation-home rental. We explain in this week’s Tax Tip.
Disappointed in Your Tax Refund?
If your tax refund is less than you anticipated, you are not alone. We explained what probably happened in this week’s Tax Tip.
Increased Business-Vehicle Deductions Due to Tax Reform
Tax reform has brought about significant changes in the way that vehicle use is deducted for business purposes. Read more in this week’s Business Tip.
Federal Income Tax Returns Due for Most Individuals
The federal income tax filing deadline for most individuals is Monday, April 15, 2019. We go over highlights in this week’s Tax Tip.
Business Owners & Landlords: Are You Collecting the Needed W-9s?
If you use independent contractors for your business or rental, for each individual whom you pay $600 or more for the year, you are required to issue a Form 1099-MISC to avoid losing the deduction for their labor and expenses. We explain in this week’s Business Tip.
What do I do if I Can’t Pay My Tax Bill?
You thought you were getting a refund and SURPRISE…You Owe! If you owe the IRS, but can’t pay the bill, we explain your options in this Question of the Week.
A Government Shutdown Isn’t Going to Save You From an IRS Audit
The government shutdown earlier this year doesn’t mean your chances of getting audited are lower. Read this week’s Tax Tip to learn about some common IRS audit red flags.