Tax Extension Deadline: Coming Up!
April 18 was the deadline to file an extension and to pay income taxes owed to avoid penalty and interest charges. If you filed an extension, remember your return is due October 16! Anyone can file an extension for free using one of these resources. But, don’t wait until the last minute to complete your file. If you’re finding […]
What You Need to Know About Side Income and Taxes
Augmenting your income with a side business is a great way to make progress toward your financial goals. It’s also a great way to explore a future business venture based on passion or talent. But one thing is common, no matter the goal behind your side hustle. When it comes to the IRS, income is […]
Life Events Impact Your Taxes: Were You Married, Divorced or a New Parent in 2016?
Major life events like marriage, a divorce or adding a child to your family might have significant tax applications. Be sure to take these milestones into consideration as you prepare your 2016 income taxes. This is not to say these are the only big life changes that could impact your taxes. Of course there are […]
Planning for 2016 Tax Filings
It won’t be long before tax documents start arriving in the mail. If you haven’t already, designate a folder or place to keep these important items together. This simple step is one way to make the tax prep process easier for you! We also recommend our clients start organizing tax documents now. Block a few […]
Consider These: 16 Resolutions for 2016
In a recent blog post, WalletHub highlighted its 16 Financial Resolutions for the New Year. Whether you are one to make New Year’s resolutions or not, there are some solid suggestions on the list to consider that may improve your financial health in the New Year. And one, in particular, that is right up our […]
Q4: Where Are You at With Your Medical Spending?
Are you a small business owner? Do you spend more than $400 per year on un-reimbursed medical expenses? If you answer “Yes” to both of these, we need to discuss how Section 105 of the IRS Code (Health Reimbursement Account) can save you $2,000 or more in taxes for 2015! There are two companies that […]
Significance of Small Businesses Support
If you own a small business, you know how important referrals are to your success. As networking and referral expert Bob Burg puts it, “All things being equal, people do business with, and refer business to people they know, like and trust.” This seems common sense, but it’s true and a good reason to spend […]
