23/10/2020
Oops! You find an error or omission on last year's tax return. What should you do? Is it always a good idea to file an amended tax return? Here are some things to consider.
To Amend or Not Amend? - Is it always a good idea to amend your tax return if you find an error?
16/10/2020
The Social Security Administration recently announced their 2021 Cost-of-Living Adjustment (COLA) changes. Here is what you need to know.
2021 Social Security Changes Announced
09/10/2020
If you recently changed your name due to marriage or divorce, do not get caught in the nightmare of a rejected or changed tax return by the IRS.
Avoid Name Mismatch Audits
07/10/2020
Find out if a tax trap is lurking in your paycheck and what to do with your 401(k) when switching jobs. Also read about business website mistakes and fascinating facts about your favorite fall gourd.
Client Update Newsletter: October 2020
Does your monthly income seem a little higher than normal? If so, that may actually be a sign of trouble ahead. Find out how a tax trap could be lurking in your paycheck. Also read about your options for what to do with your 401(k) when switching jobs, common mistakes that businesses make with their...
02/10/2020
When does a tax benefit not become a tax benefit? When you assume you no longer need to keep track of something. This is the case with the home gain exclusion.
The Lost Art of Tracking Home Improvements - How a tax law makes us sloppy and creates a tax risk
25/09/2020
All too often taxpayers take action that will cost them dearly when they file their tax return. With a little planning, however, the IRS can still receive its fair share but not a dollar more. Here's what you need to know.
Don't Run the Risk of a High Tax Bill! - Know when you should ask for professional help.
18/09/2020
Did your paycheck seem a little higher? If so, it could be a tax time bomb.
Is a Tax Time Bomb Lurking in Your Paycheck?
11/09/2020
If you have not already done so, please plan to make your second quarter estimated tax payment. The due date is Tuesday, September 15th.
Reminder: Third Quarter Estimated Taxes Due - Now is the time to make your estimated tax payment
04/09/2020
Because our tax system is progressive, the next dollar you earn could be taxed at a much higher rate. By shifting taxable income levels from one year to the next, you could potentially pay a lower tax amount in both. Here are six great ideas.
Tax Shifting Ideas to Reduce Your Bill to Uncle Sam - Is there a taxable income reduction idea you can use?
02/09/2020
Learn how to win the credit score game, explore different budgeting methods to find one that works for you and be more aware of common scams being encountered by the IRS.
Client Update Newsletter: September 2020
Fall is right around the corner! As summer is winding down, the IRS wants you to be aware of common scams being encountered during the pandemic. Also included are tips to improve your credit score, and a review of alternative ways to budget so you can explore a method that works best for you. All th...
28/08/2020
Providing a gift of stock (or other property) to a friend or loved one can be a powerful tax planning tool. However, it is not without its complications.
A Gift of Stock - Information is key when using this tax planning strategy
21/08/2020
As states create tax laws to capture revenue from non-resident individuals and small businesses, many are caught unaware of the changing state tax landscape. Make sure this doesn't happen to you.
State Taxing Authorities Are Coming After Your Money - States are creating laws that snag taxpayers everywhere