Authored Articles

2019 Tax Planning Changes to Keep on Your Radar

While the 2018 tax filing deadline of Monday, April 15th will be here before we know it, it’s important to be aware of several changes to the tax law that have gone into effect for 2019. Some were ushered in by legislation such as the Tax Cuts and Jobs Act, the...

Don’t Ignore the Nanny Tax

Make sure you don’t overlook the nanny tax as you are reviewing your filing requirements for 2018.  You could be liable to pay state and federal payroll taxes if you have a housekeeper or other household employee. How do you know if you must pay the nanny tax? A...

A Tax Refund for You or an Interest Free Loan for the IRS?

Are you anticipating a big refund this year?  Since getting a large refund actually costs you money, you may want to do some tax planning each year in order to minimize the amount you get back. If you are among the millions of taxpayers who receive a refund each year...

Tax Bracket, Tax Rate, What's the Difference?

It’s not a trick question, there is a difference between your tax bracket and your tax rate.  Your tax rate indicates your tax liability in relation to your total income but for planning purposes, you will also want to be aware of your tax bracket.  As an...

A Quick Recordkeeping Guide

Do you have an overflowing file cabinet?  Are you unsure of what to keep and what to dispose of when it comes to tax information?  Work through the clutter with this quick guide. Expenses – Charitable donation acknowledgements, receipts for employee business...