Where Can I Get My Taxes Done?

You have a host of options for assistance with your income tax preparation, from a storefront with a dancing mascot to a high-priced tax attorney.  How do you begin to choose among them?  It is important to understand what level of experience, expertise, and service you are getting when you hire your tax preparer.  When you understand what your fees buy with each type of preparer, then you can decide which is the best value to you.

Read more

2014 Tax Planning Tips for Your Small Business

tax tips

Tax planning is a year-round job. Thinking about how to increase the credits and deductions for your small business early in the year will help you better control your obligation at tax time, and being aware of some key opportunities and pitfalls will help you to effectively plan your financial year.

Read more

Take Steps Today to Save for Retirement

Steps to retirement

The world of retirement has changed.  With the decline of company pensions and the uncertain future of Social Security, Americans must exercise greater control over their own financial futures with careful planning.  Despite this fact, the terrain of retirement remains murky and unexplored for many of us.  According to the Department of Labor, fewer than half of Americans have calculated how much they need to save for retirement, and 30% of private sector employees with access to a defined contribution plan do not participate in it.  If you have put off planning for your retirement longer than you should, you are far from alone.  Taking steps now will allow you to make the most of the working years still ahead and help you to develop a vision of how you will live when they have passed.

Read more

There Is Still Time to Make a 2013 Contribution To Your IRA!

Why should this fact be important to you?  An IRA is an excellent tax-advantaged way to secure your retirement.  The law limits how much you can contribute each year, so if you have not yet maxed out your 2013 contribution, now is the time to make sure you’re getting the greatest possible benefit out of your IRA.  For 2013 and 2014, you can contribute a total of $5,500 to your traditional and Roth IRAs, assuming you earned at least that amount of taxable income during the year.  If you are at least 50 years old, the limit is $6,500.

Read more

How Will the Affordable Care Act Affect My 2014 Taxes?


Due in part to the changes made by the Affordable Care Act, this tax season is one of the most complicated in history, according to IRS Commissioner John Koskinen. For most taxpayers, the only additional requirement this year will be to check a box indicating that they and everyone else on their tax return had qualifying health care coverage for all of 2014. There are three categories of filers, however, for whom the process will be more complex. Read more

I Got a Letter from the IRS! What Should I Do?

It’s tax season, and we all hope to be done with the process as soon as we get our returns on their way to the IRS.  No one likes to receive a letter or a call from the IRS asking us to answer questions or provide additional documentation after we thought our work was done.  If the IRS does contact you to follow up, however, don’t panic.  It does not necessarily mean they suspect you of any wrongdoing.

Read more

4 Questions to Help You Find the Right Tax Preparer

When you begin searching for a tax preparer, you encounter a wide range of choices.  There is no one right choice for everyone; the right choice for you will depend a great deal upon your individual preferences and tax needs.  The only way to find the best fit is to ask questions.  The following questions can help you learn more about the tax preparers you are considering and decide which is the best fit for you.

Read more