Tax deductions and tax credits reduce your tax liability, but do so in different ways. Here’s what you need to know about deductions and credits when filing.
The Touching Way Anna Nicole Smith’s Daughter Connects with Her Late Mom
Dannielynn Birkhead honors her mother through her artwork, her dad Larry Birkhead tells 20/20 in a new interview
Missed the Tax Return Deadline? Here's What to Do
Most important: Do it now.
6 Tips to Develop Young Partners at Small Accounting Firms
Today, as thousands of small firms are bringing in younger staff as partners they are finding the whole approach to running their firms must change. What are the most important practice management tips for small firms planning on bringing in new ...
Is Hiring a CPA Worth it? 5 Tips for Getting Your Money’s Worth
Often when people find out I’m a tax accountant, I get asked, “How much does a CPA cost?” It’s like me asking “How much does a home cost?” We all understand that a 1,000 square-foot home in Kansas has a different cost than a 1,000 square-foot penthouse condo in New...
Social Security's Math Is Changing This Year. Here's What to Look For
There are a few surprises in store.
Here's what 43% of Millennials plan to do with their tax refund
The 43% of Millennials who get a refund will be using it to pay down bills they accrued over the holidays, according to a survey from tax preparation company Jackson Hewitt.
3 Secrets Accountants Think Business Owners to Know About Payroll Taxes
Payroll taxes can be a source of frustration for many small business owners. It's imperative business owners fully comply with IRS tax mandates to avoid the risk of
Tax Tips to Help You Determine What Makes a Gift Taxable
Taxpayers who give money or property to others may wonder about the federal gift tax and if it applies. Most gifts are not subject to the gift tax. Here are seven tax tips about the gift tax and giving: Nontaxable Gifts. The general rule is that any gift
U.S. court upholds Obama-era retirement advice rule
A U.S. federal judge on Wednesday upheld an Obama-era rule designed to avoid conflicts of interests when brokers give retirement advice, in a possible setback for President Donald...