All posts in Tax Information

You Know You Need Tax Planning If…

Categories: Tax Information
Comments Off on You Know You Need Tax Planning If…

Effective tax planning helps you make smart decisions now to get the future outcome you desire, but you need to make sure you don’t miss anything. Forget to account for Read more

Share Button

Tax Day is Here!

Categories: Tax Information, Tax Tips
Comments Off on Tax Day is Here!
Time for taxes and some of the common questions people are asking about taxes.

5 Big Questions People Are Asking The individual tax deadline of April 15 is fast approaching. Do you have all your tax arrangements in order? Here are five important questions Read more

Share Button

Businesses: File on Time or Pay the Price!

Categories: Tax Information
Comments Off on Businesses: File on Time or Pay the Price!
Tax folder in a filing cabinet

March 15 is the tax-filing due date for calendar year S-corporations and partnerships. While this filing deadline does not require making a tax payment, missing the due date could cost Read more

Share Button

Oh No! Your Tax Refund is Now a Bill

Categories: Tax Information, Tax Tips
Comments Off on Oh No! Your Tax Refund is Now a Bill
Man reviewing tax forms and bill instead of a refund.

If you are anticipating a nice refund this year, it may be a good idea to prepare yourself for a possible letdown. Many taxpayers will receive a smaller-than-expected refund and Read more

Share Button

Taxes and Charitable Giving

Categories: Tax Information
Comments Off on Taxes and Charitable Giving
Tax form on gifts to charity with a pencil to fill out taxes and deductions.

These days, charities need your support more than ever. As you lend a helping hand, keep the following tax facts in mind. The tax consequences of charitable gifts If you Read more

Share Button

GIfts: Who Pays Tax and When?

Categories: Tax Information
Comments Off on GIfts: Who Pays Tax and When?
Cash rolled up with a bow representing gift tax

Receiving a gift is not a taxable event to the one who receives the gift. If the gift is large enough, it could result in gift tax being due by Read more

Share Button

The New Business Deduction

Categories: Tax Information
Comments Off on The New Business Deduction
Businessman using calculator and laptop

Stop worrying and start preparing A new deduction is available to businesses with qualified business income (QBI). While that’s great news, new deductions (especially ones with lots of rules) can Read more

Share Button

Early Warning Signs of a Tax Problem

Categories: Tax Information
Comments Off on Early Warning Signs of a Tax Problem
A stressed woman going through tax paperwork

There are many factors that can cause an unfavorable tax swing leaving you with a surprising tax bill in the spring. Here are six warning signs that you might have Read more

Share Button

The IRS Loves Your Business … and That is NOT Good

Categories: Tax Information
Comments Off on The IRS Loves Your Business … and That is NOT Good
W-9 tax form with a pen and calculator

The IRS continues to focus their audit activities in key small business areas. The wise business owner is well advised to be able to defend the following five areas to Read more

Share Button

Education: Tax Changes You Need to Know

Categories: Tax Information
Comments Off on Education: Tax Changes You Need to Know
Piggy bank with graduation cap next to books and calculator

As students gear up to head back to school, there are some changes to education deductions that could save or cost you more in taxes and even raise college tuition Read more

Share Button