Does your preparation for tax day start with a trip to the liquor store, or perhaps a one-way ticket to Costa Rica? Taxes are unpleasant, but drinking or fleeing the country is not the answer. Tackle your taxes head-on with solid preparation, and the experience may turn out to be more pleasant than you thought it would be. Here are a few tips to help you with your tax preparation and increase...
Why Your Business Needs Bookkeeping
When you own a small business, it is imperative that you keep a good set of books that are consistently and contemporaneously updated. The tax man will not be satisfied with records that were thrown together at the end of a year.
10 Questions to Ask When Working With an Accountant
Ask your accountant these critical questions to better maximize your profits, tax savings, cash flow and more.
Six Winter Safety Tips for Roofing Contractors
Winter roofing is a job fraught with peril. Here are six things to consider to ensure your crew’s safety when executing winter roof projects.
IRS Taxpayer Advocate Questions Preparation of Tax Preparers
Three big issues: Code, cooperation, competence. By Rick Telberg CPA Trendlines National Taxpayer Advocate Nina Olson, who heads the Taxpayer Advocate Service, is citing three broad areas that Congress should deal with if it hopes to avoid revenue catastrophe … Continued
Retirement savings: How to draw the max (safely)
It's question No. 1 for most retirees when it comes to retirement savings: How much income can I get from my portfolio? These four strategies can give you the answer.
8 Of The Fittest Women On Earth Share Exactly What They Eat Every Day
Tax filing preparation checklist
In addition to the tax statements that are arriving this month, you'll need some other information to file your return. Today's Daily Tax Tip offers a checklist of what to round up, for either yourself if you plan to file on your own or for your tax professional. General information and documents that will be useful include: Social Security numbers for yourself, your spouse and all dependents. Last year's federal return. If you live in a state that collects taxes, dig out that old return, too. They can serve as guides to this year's filing. Records of estimated tax payments...
What Aspiring Accountants Need to Know
The five keys to kick-starting new careers they don't teach in college. By Steven Sacks Neithetechnology nor accounting are the most important factors.
IR-2019-98, IRS, Treasury unveil proposed W-4 design for 2020
Internal Revenue Service (IRS) sent this bulletin at 05/31/2019 12:12 PM EDT IRS Newswire IR-2019-98, May 31, 2019 The revised form implements changes made following the 2017 Tax Cuts and Jobs Act, which made major revisions affecting taxpayer withholding. The redesigned Form W-4 no longer uses the concept of withholding allowances, which was previously tied to the amount of the personal exemption. Due to changes in the law, personal exemptions are currently not a central feature of the tax code “The new draft Form W-4 reflects important feedback from the payroll community and others in the tax community,” said IRS Commissioner Chuck Rettig. “The primary goals of the new design are to provide simplicity, accuracy and…