Taxes

5 Worthless Tax Changes for 2017

The U.S. Tax Code is constantly changing and 2017 brings 5 worthless tax changes that you may want to remember when filing your taxes. Keep in mind these tax changes affect the tax preparation you will do in 2018 for the calendar year 2017.

Have You Chosen The Right Tax Preparer?

Finding the right person to prepare your income tax return is very important, but often, not enough care is put into this vital financial decision. With software, like TurboTax, anyone can prepare income tax returns, including beginners with no experience. When you consider the likelihood of mistakes and audit risks, is this the best choice for you?

Uber 1099 Income Tax Reporting Guide

As a driver for Uber, you will receive IRS information documents reporting your earnings for the year along with expenses you paid on those earnings. Uber driver partners must report all the income they have earned for the year…

How a Trump Presidency Affects Your Taxes

President-elect Donald J. Trump will soon assume the presidency and will then have the opportunity to implement his tax plan. According to Trump’s vision, as stated on his campaign fact sheet, these are the areas that may affect your taxes…

Five Year-End Tax Strategies for 2016

The end of the year is fast approaching and now is the time to start tax planning. These five year-end tax strategies for 2016 can significantly lower your tax bill. April 15th is the filing deadline for taxes, but for minimizing taxes, the key date is December 31st. Most tax breaks for retirement savings, charitable contributions, and tax loss selling must be done before the end of the year. It’s best to start early.

Business & Tax Tips for New and Aspiring Authors

Business & Tax Tips for New and Aspiring Authors

For new or aspiring authors, there are a few business considerations to make before embarking on your writing journey. Authors are also entrepreneurs, but may not realize that. You are creating a product just like other entrepreneurs. Your completed book needs many hours to be completed and many different…

Forgotten Small Business Tax Write-Offs (Infographic)

Our friends at Fresh Books, the leader in cloud-based accounting, shared their infographic on 8 Often Forgotten Small Business Tax Write-Offs. Whether you prepare your own taxes or hire an accountant, maximizing your tax deductions (aka. write-offs) will ultimately reduce your tax bill. Also included are my top 3…

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