Early Warning Signs of a Tax Problem

Early Warning Signs of a Tax Problem There are many factors that can cause an unfavorable tax swing leaving you with a surprising tax bill in the spring. Here are six warning signs that you might have some unexpected taxes … Read More

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Now is a Great Time to Organize Your Tax Records

The time to organize your tax records is now. Waiting until the end of the year or, even worse, waiting until you are audited can lead to headaches. Here are some tips to get on top of your tax records. … Read More

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Back to School Tax Breaks

By Robert McFadden Hidden Back to School Tax Deductions Summer is coming to a close and the back-to-school advertising blitz is underway. Hidden in some of those school expenses are tax deductions you can take advantage of. Here are some … Read More

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Should You Expense or Depreciate Your Capital Asset?

If you own a business, you know that you may accelerate the expensing of qualified capital purchases. This can be done within two special provisions in the tax code that were recently expanded: Section 179 The annual amount of qualified … Read More

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IRS Debuts Postcard-sized 1040 for 2018

At the end of June, the IRS unveiled a new draft version of the 2018 Form 1040. This newly proposed postcard-sized 1040 form replaces the old 2017 1040, as well as forms 1040EZ and 1040A. While some in Washington are … Read More

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Five Common Retirement Mistakes

Here are five common retirement planning mistakes and steps you can take to avoid them. 1. Not having a plan Surprisingly, most do not know how much money is needed for retirement. A retirement plan should consider how long you … Read More

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New! Small Business Medical Leave Credit

There’s a new business tax credit that partially reimburses employers for providing paid family and medical leave for select employees. But small businesses should be informed before they try to use this new Family and Medical Leave Act (FMLA) tax … Read More

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Supreme Court Shakes Up Sales Taxes

A U.S. Supreme Court ruling last week involving the state of South Dakota vs Wayfair (an online furniture retailer) opens the door for states to impose sales taxes on online retailers located outside their borders. This will have wide-reaching effects … Read More

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Five Great Finance Tips Everyone Should Know

Avoid hard-won experience and costly mistakes by taking advantage of these five personal finance tips. Pay yourself first Paying yourself first means taking a percentage of everything you earn and saving it. Consider it as important as any other bill … Read More

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