Benefits of Hiring a CPA to Help You File Your Taxes
This year’s tax filing deadline is right around the corner—and if you’re among the millions of Americans who still haven’t filed, you may be wondering if you can handle the job yourself. If you’re a salaried employee and you’re filling out a simple W-2, there’s a good chance that you can handle that on your […]
Pitfalls of Preparing Your Own Tax Return
If you search online you’ll find countless websites that offer DIY tutorials for just about everything. If you need to change your muffler, you can find how-to video for that. Do you need to hang a flat screen TV in your living room? You’ll find videos for that too. Yet regardless as to how comfortable […]
What You Need to Know About This Year’s Tax Return
If you’re like most people, you’d like to put 2020 solidly behind you. Unfortunately, there’s still one lingering task that you’ll need to cross off last year’s list: you need to file your 2020 taxes. Below are just a few of the things you’ll want to keep in mind. Tax deadlines The deadline to file […]
FAQ: How to Organize Your Tax Records
Lots of people feel stressed during tax season—especially if they feel like they’re not organized. For this blog, we wanted to highlight several tips you can use to organize your tax records. Make sure your documents are easily accessible If you haven’t already, establish a set place to store your tax documents. For example, whereas […]
How to Prepare for a Virtual Tax Appointment
It’s been a little more than a year since the start of the COVID-19 pandemic, and despite the numerous strides in fighting the virus, many businesses are still operating under social distancing protocols. The field of tax preparation is among them. Although virtual tax appointments have existed for many years, that’s not to say that […]
Top 4 Tax Management Tips You Need to Know About
Tax season is approaching fast—and while it may be too late to take additional steps to reduce your 2020 tax liability, there are several things you can do to plan for 2021. For this blog post, we wanted to discuss a few tax management strategies that are worth considering. Max out contributions to retirement, education, […]
3 Things You May Not Know are Tax Deductible
When tax time rolls around, you’ll want to make sure you get the biggest refund possible—and part of that involves maxing out your deductions. For this blog post, we wanted to talk about three possible deductions you’ll want to talk to your CPA about. Medical expenses / premiums For the 2019 tax year, individuals were […]
Why You Should Start Planning for Next Year’s Tax Season Now
As we’ve stated in the past, planning in advance for next year’s taxes has more than a few benefits. Not only can planning (and preparing) now ward off the headaches that can come with starting too late, it can also save you quite a bit of money. Get bank statements, invoices, and receipts in order […]
How to Choose a Certified Public Accountant (CPA)
Regardless as to whether you need help with your personal or professional finances, working with a Certified Public Accountant (CPA) can be beneficial. Yes, there are lots of people who are comfortable preparing their own taxes, but considering the complexity of the tax code (and how frequently the tax code changes), if you want to […]
How to Trim Your 2020 Tax Bill
Taxes can be expensive, but there are several was you can minimize what you owe to Uncle Sam. For this blog post, we wanted to talk about some of them. Modify your W-4 Several years ago, we had a client who