Category Archives: tax bill

Check your credit score

If you haven’t checked your credit report lately, this may be the time. Wrong or old information on your report can affect your credit score – and not in a good way. Your credit score helps lenders determine your credit-worthiness … Continue reading

Posted in Business, Business Owner, customer, Estate, Fraud, Penalty, Tax, tax advice, tax bill, Tax Fraud, Tax Return, taxes, Uncategorized | Tagged , , , , | Leave a comment

A tax credit is available for adoption

If you are preparing to adopt a child, you know your life will change for the better. And, you may have also experienced the financial commitment adoption requires. However, take note, because as an adoptive parent, you may qualify for … Continue reading

Posted in Affordable Care Act, Amended Tax Return, charities, charity, Children, deductions, Filing Taxes, record keeping, Tax, tax advice, tax bill, Tax Return, taxes, Uncategorized | Tagged , , | Leave a comment

September 15 tax deadlines for business

September 15 is an important tax filing deadline for partnerships and corporations. It’s the filing deadline for 2016 tax returns for calendar-year S corporations that received an automatic extension of the March 15 filing deadline. It’s also the filing deadline … Continue reading

Posted in Business, Business Owner, Extension, Filing Taxes, New Business, Tax, tax advice, tax bill, tax planning, Tax Return, taxes, Uncategorized | Tagged , , , | Leave a comment

Service charges vs. tips

Remember, service charges do not receive the same tax treatment as tips. Service charges are non-tip wages, and employers must treat them as such for tax withholding and filing requirements. Tips are payments made to employees by customers at the … Continue reading

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Two facts about your chances of being audited

Your chances of being audited are probably lower than you think. A look at the latest IRS statistics for 2016 reveals two interesting and reassuring facts about the risk of an IRS audit. One of these facts is that audits … Continue reading

Posted in Amended Tax Return, audit, Tax, tax advice, tax bill, tax exempt, Tax Fraud, Tax Return, Uncategorized | Tagged , , , | Leave a comment

The importance of maintaining good tax records

Keeping your tax records organized year-round is a good practice and will keep you from hastily assembling your documents for your annual tax preparation appointment. If you are diligent about maintaining your tax records, you won’t have to worry about … Continue reading

Posted in Filing Taxes, save on taxes, Tax, tax advice, tax bill, Tax Return, taxes, Uncategorized | Tagged , , , | Leave a comment

Tax records – What you should keep

It’s that time of year when you are getting ready to sort out last year’s financial records and prepare for this year’s recordkeeping. Do you know what you should keep and what can you throw away? Here are some suggestions. … Continue reading

Posted in Filing Taxes, save on taxes, Tax, tax advice, tax bill, Tax Return, taxes, Uncategorized | Tagged , , , | Leave a comment