5 Signs You Need Professional Tax Advice

Paying your taxes is one of the requisites of being a patriotic citizen. And without fail, the tax season shows up every beginning of a new year. If you’re among the 43 percent of Americans who file taxes on their own, this is usually the time you start looking for your pay stubs, adding up your deductible expenses and all. … Read More

Documentation Requirements For Business Use Of Vehicles

If employees are using vehicles for your business, you’ll need to make sure you have all the right documentation. Otherwise, you could end up paying tax penalties or even be in violation of the law. However, the documentation requirements for business use of vehicles can seem complex and confusing. We’ve put together this guide to make things easier for you. … Read More

Advantages and Disadvantages of Filing Taxes Yourself

With tax season just around the corner, many people are wondering how they can lower their tax bill or better yet, score a refund. Attempting to save money on taxes is often thwarted by a second statement that we somehow always forget about: the bill from the accountant. We get it. The last thing you want to do after giving … Read More

5 Common Accounting Terms Everyone Needs to Know

Does the thought of accounting make your head spin? Does the technical jargon make you want to hide from filing your taxes this year? As it turns out, accounting doesn’t have to be this complicated mystery. Let’s get into the most common accounting terms everyone should know. Dividends If you’ve dabbled in any investing, then you’ve probably heard the term, … Read More

How to Prepare for the Cost of Tax Preparation

Have you filed your taxes yet? If not, time is running out, so don’t delay! Whether you don’t have the time or just don’t want to deal with the stress of filling out forms, having your taxes prepared professionally is a great way to get the most out of your deduction and ensure everything is filed correctly. But how much … Read More

What Types of Tax Deductions Qualify for Higher Education Expenses

Have you ever received a disappointing tax return? Nearly every American has. With 10.1 million words in the tax code, who can maximize their return without hiring a professional accountant? In the past, you may have needed to go to the library and scour heavy, boring books about taxes. Now, however, most of your questions can be answered with a … Read More

Your Guide To Understanding Vacation Home Tax Rules

Family on vacation

Many taxpayers are taking advantage of vacation rental companies such as Airbnb and VBRO to generate additional income from their vacation home or personal residence.  There are many tax rules and regulations regarding renting your home. Knowing these rules is important because if you don’t you run the risk of getting flagged by the IRS for incorrectly reporting your taxes. … Read More

Roth vs Traditional IRA – how to choose between the two accounts?

Tax payments can be a real pain, especially if you are to worry about the frequently oscillating tax rates. Choosing between a Roth Account and a Traditional IRA only adds to this discomfort. Before going ahead and choosing one for greater savings, it is essential to be aware of what these accounts entail. A Roth IRA is a unique retirement … Read More

How to Report the “Nanny Tax”? Reporting and Tax Issues

How to Report your Nanny Taxes Finding a good nanny is a challenging task. You can’t leave your children with someone who isn’t trained to deal with children. When you manage to find a nanny that fits well with the family, then the only thing you need to take care of is payroll taxes. Calculating and filing the nanny’s payroll … Read More