Keeping Your Books Straight

3 Things You Need To Do This December To Prepare For Next Year's Tax Season

Posted on

December is your last month to make many tax moves that will reduce your tax bill and increase your refund next year. Carve out some time during this busy holiday month to make sure that you are set-up for doing your 1040 tax preparation for individuals next year. Max Out Your Retirement Plan Pay yourself this December by maxing out your retirement accounts. Putting money into an IRA, 401(k) or 403 (b) will directly reduce your taxable income. Read More»

3 Ways To Keep Better Track Of Your Small Business's Money

Posted on

As a small business owner, it is important to keep accurate track of your money. Keeping accurate track of your money will help you know what to write off when tax season comes around. Keeping accurate track of your business’s money will also help you make smart financial decisions about the direction in which to move your company. Open A Business Banking & Credit Card Account The first thing you need to make sure that you have set up is a dedicated business banking account and credit card. Read More»

Being In Charge Of A Trust

Posted on

Being chosen as the trustee to handle the trust of someone special says a lot about your character. The other party trusts you enough to keep various of his or her assets in your care until it is time for them to be distributed to the beneficiaries of the trust. However, it is smart to enlighten yourself on what is involved with being a trustee. There are legal obligations that you must abide by to stay out of a complicated legal situation, such as by making sure taxes are filed for the trust. Read More»

2 Reasons to Utilize a Tax Service

Posted on

One of the best things that you can do with the upcoming tax season is to take advantage of a tax preparation service, typically due to the fact that they can manage to file your taxes easily and accurately. Listed below are just a few of the reasons to consider utilizing a tax service to file your taxes. They Can Limit the Odds of You Getting Audited The primary reason to look into using a tax service is that they can limit the odds of you getting audited. Read More»

Growing From Business Owner To Employer? 4 Steps To Make It Easier

Posted on

For a small business owner trying to grow their company, the decision to hire or not hire employees can be a difficult one. If you’ve reached this potential turning point in your business, here are 4 things to help you make the right call. 1. Understand the Hidden Costs. The salary or wage you plan to offer an employee may seem like the only financial aspect of the transaction that you need to know about. Read More»