Mar 11, 2015 | Federal Income Taxes, Individual Income Tax Returns
Once your income is above a certain level, you will be asked to file a federal income tax return. This depends on your age, filing status, and the type of income you receive. You will need to go to the “Individuals” section at www.irs.gov or look at instructions...
Feb 16, 2015 | Bookkeeping, Business Taxes, Corporate Accounting, Deductions, Individual Income Tax Returns, Tax Credits, Tax Planning, Taxable Income
Most CPAs do not come cheap; however, many are very reasonably priced, but you will always want to get the most value for their services. Please remember that you are in control and there are a wide range of things you can do to get the very best out of the time and...
Feb 12, 2015 | Bookkeeping, Business Taxes, Corporate Accounting, Deductions, Individual Income Tax Returns, Tax Credits, Tax Planning, Taxable Income
Those interested in hiring a CPA should ensure the individual in question holds an active CPA license, has the necessary experience, and is compatible with your needs in terms of personality and communication style. Remember, you are trusting this individual with...
Feb 8, 2015 | Bookkeeping, Business Taxes, Corporate Accounting, Deductions, Individual Income Tax Returns, Tax Credits, Tax Planning, Taxable Income
A surprising number of people aren’t aware that a CPA is different to a bookkeeper, standard accountant, or tax preparer. In actual fact, CPAs are among the most recognized and trusted professional designations in the world of business. There are a host of stringent...
Feb 6, 2015 | Bookkeeping, Business Taxes, Corporate Accounting, Deductions, Individual Income Tax Returns, Tax Credits, Tax Planning, Taxable Income
The traditional view of the CPA as the tax preparer and number cruncher is no longer held as the general public better understands the increasing range of skills associated with CPAs. A typical CPA can provide you with estate planning services, investment advice and...
Nov 14, 2014 | Individual Income Tax Returns, Taxable Income
Regardless of whether most of your income comes from tips, all tips or gratuities you receive while on the job are considered to be taxable income. Even non-cash gifts, such as tickets to sporting events, must be declared to the IRS, as they are subject to federal...
