2015

If you have recently gone through any major changes this blog can help you understand what you need to do for your taxes and how it can change the outcome.

2015

How To Stop An IRS Wage Garnishment

30 September 2015
 Categories: , Blog

If an overdue tax balance remains unresolved for long enough, the IRS has the authority to issue a levy to collect the tax. Tax filers who have received an IRS wage garnishment at their place of employment may be able to obtain a release of the levy. The first step in responding to a wage garnishment is to ensure that its effect is minimized. Along with an IRS levy, an employer receives a Statement of Exemptions and Filing Status to present to the employee.
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Federal Deposit Requirements for Withheld Payroll Taxes

30 June 2015
 Categories: , Blog

Employers who withhold federal income taxes from the pay of employees must remit those amounts to the US Treasury in a timely manner. The timetable for the payment of withheld taxes largely depends on how quickly the funds accumulate. Employers can benefit from the expertise of a payroll service by ensuring that tax withholding is accurate and completed on schedule. Most employers file IRS Form 941 on a quarterly basis to report withholding of income tax, Social Security, and Medicare.
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What Tax Deductions May You Be Missing?

19 June 2015
 Categories: , Blog

As the cost of nearly everything -- including food, fuel, and other necessities -- continues to rise faster than many Americans' paychecks, it's important to cut costs wherever possible. One of the most pain-free ways to free up some extra income is to lower your tax bill by taking advantage of some deductions you may be overlooking. Here are some specific deductions for which you might qualify, as well as how you can take advantage of these deductions even for previous tax years.
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How Disability Income Is Reported On Income Tax Returns

19 June 2015
 Categories: , Blog

The purpose of disability insurance is to provide a continuing source of income to a disabled worker. Although the replacement income is typically less than the earlier earned wages, it is sometimes completely nontaxable. In other situations where it is taxable, there is a possibility to utilize the payments to qualify for the earned income tax credit. The general rule Disability coverage is often part of a health or accident insurance plan.
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Tax Tips For Small Business Owners

12 June 2015
 Categories: , Blog

As a small business owner, it is important to have an accountant who can help you make the most of your tax situation from your personal income taxes to your business taxes. If you work as an independent contractor, or operate a business part-time, you will still need to file your income as a self-employed individual or as a part-time business owner. Your accountant can help you find the right balance between your business and personal income taxes to make sure you are receiving the best tax rate possible for both.
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About Me
life changes that change your tax filing

Last year, I went through several changes in my life that changed a lot of things on my taxes. I got married in January, bought a house in February and had a baby in November, so there were a lot of changes that I wasn't sure how to handle. I decided that this was the year to work with a professional tax preparer to ensure I was going to get as much of a refund as possible. If you have recently gone through any, or all of these changes, my blog can help you understand what you need to do for your taxes and how it can change the outcome.

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