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Be Tax-Smart and Hire Your Children

    Be Tax-Smart and Hire Your Children   Hiring your children to do legitimate work for your business has often been a great tax-saving strategy. With the new changes in the tax laws (Tax Cuts and Jobs Act) this tactic is even more attractive for 2018. Before you run off and hand the office […]

9 Rules To Live By In Order To Avoid An IRS Audit

You just woke up from a nightmare, the IRS is at your door with an audit. Good thing it’s not reality, but it doesn’t hurt to know some key tips to avoid getting that dreaded IRS notice.  Gather more insight into the tax system. Knowledge is power, especially when it comes to money! The IRS […]

If you Owe Taxes to the IRS, You Could Lose Your Passport and Air Travel Ability

The New Year has come with some new resolutions, including taking some time off for yourself to travel to some new places and experience some new things. Not so fast!  If you have major tax debt, you need to be aware of a new law which may put a stop on traveling around the world.   The Fixing America’s […]

Starting a New Business? Here are Some Taxes and Regulations to Beware of

Small businesses are the building blocks to our country’s economy and growth. With the millennial generation, startups are blossoming all over with wonderful new innovations and style. You would think the government would be as supportive and make it easy, but unfortunately you’d be wrong. If you plan on starting a small business or startup company, it is important […]

Facing a Tax Audit, Tax Dispute or IRS Collection? Here Are Some Tips

One of the first emotions people feel when receiving a tax audit – panic! Wouldn’t it be great if there were certain steps for people to follow each year to guarantee an audit- proof tax return? Well, there are certain measures taxpayers can take to decrease the likelihood of an audit from the Internal Revenue Service. Step one: […]

Income Driven Student Loan Repayment- Help is Near!

The optimism and hope that comes with earning a degree often comes with the burden of federal student loans. If your loan payments are greater than your income, there is an answer. Income-driven repayment plans are designed to make it easier for federal student loan borrowers to make monthly payments. Monthly payments under an income based repayment plan […]

Who Says You Can’t Mix Business with Pleasure? Guide to Business Tax Deductions

Business trips, conventions, and continuing education seminars are frequently planned to incorporate exotic locations and leisure time. With proper planning, these trips can yield great personal pleasure while at the same time generating legitimate business expense deductions. Although the basic rules are relatively simple, there are a number of factors in this area that you might be […]

Top 10 Common Tax Mistakes to Avoid

Due to the rise of tax-software preparation programs, people are making fewer mistakes on annual returns. If you are starting to think about your taxes or are currently working on them, make sure you pay careful attention and avoid the common mistakes. Although these mistakes won’t land you in jail, they may cause a few headaches […]

Get It Right: Employee vs. Independent Contractor

As a business owner there are certain important decisions you must make every day, one of them includes the distinction every time you hire paid help. Is this new worker classified as an employee or an independent contractor?   This answer is quite important because misclassifying an employee as an independent contractor can lead you […]

Tax Deductions You May Have Missed This Year

Making sure you take advantage of easy tax write-offs is an easy way to reduce your burden. The good news is, you don’t have to be an expert to save! Check out these tax deductions that you may have missed out on.   Teacher’s Expense Savings The IRS allows qualified K-12 educators who work at least […]

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