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...
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...
Financial decisions can be difficult and may affect both current and future tax bills so having a team of professional advisors ready to help can be a great advantage. It is wise to make sure your advisors know each other and work well together to achieve the...
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...
If you received a big tax refund or owed a lot of money to the IRS for 2015 taxes it may be time to update your Form W-4 with your employer. Form W-4 is the Employee’s Withholding Allowance Certificate which tells your employer how to calculate your federal income...
If the IRS questions a choice made on your tax return, having well-documented corporate minutes can provide valuable supporting evidence. When related-party transactions are involved, such as payments, loans or distributions between the company and you or other...
