Article Highlights: • When You Are Required to File • Self-Employed Taxpayers • Filing Thresholds • Benefits of Filing Even When Not Required to File • Refundable Tax Credits This is a question many taxpayers ask during this time of year, and the question is far more complicated than people believe. To fully understand, we need to consider that there are times when … [Read more...] about Do I Have to File a Tax Return?
Along with Tax Season Come the Scams; Don’t Be a Victim
Article Highlights: • Tax Season Brings Scams • Key ID Elements • How the IRS Operates • Email Scams & Phishing • Phone Scams • ID Thieves One thing we can count on when tax season begins is the scammers coming out from under their rocks with schemes to try and trick you so they can steal your ID and file returns under your Social Security number (SSN). Or, they may even … [Read more...] about Along with Tax Season Come the Scams; Don’t Be a Victim
What Does the Future Hold for Taxes?
Article Highlights: • Trump’s Proposed Tax Policies • Consolidated Tax Rates • Increased Standard Deductions • Comparison Worksheet • Other Factors One topic that is frequently being discussed is what the future holds for individual taxation under incoming President Trump. Numerous blog entries have been posted on the issue; many proclaim that the wealthy will be the … [Read more...] about What Does the Future Hold for Taxes?
January 2017 Individual Due Dates
January 3 - Time to Call for Your Tax Appointment - January is the beginning of tax season. If you have not made an appointment to have your taxes prepared, we encourage you do so before the calendar becomes too crowded. January 10 - Report Tips to Employer - If you are an employee who works for tips and received more than $20 in tips during December, you are required to … [Read more...] about January 2017 Individual Due Dates
10 Questions to Ask Your Financial Team When Starting Up
Starting up your business is an exciting time, but it is also a time with many questions. While it may seem initially very easy to create a product, open a store, and start selling, the financial aspects of being successful are a bit more challenging. As you consider the process of starting up, work with a local financial planning team and tax professional to ensure you get … [Read more...] about 10 Questions to Ask Your Financial Team When Starting Up