Are you self-employed? Do you really know what you are doing when it comes to handling the income and expenses associated with your business? Tax laws can be very hard to follow making tax time treacherous. Do you know if you can claim home office expenses as a deduction on your taxes? What does it take to qualify for home office deductions? You may be surprised at what you can actually write off. My site will answer all of your questions about self-employment and taxes. Hopefully, the information included can assist you in reducing your tax bill and avoiding the dreaded audit.
Posted on: 25 March 2015
Does your accounting firm (such as Herman & Cormany) have a mobile app? It may seem unnecessary for those that have simpler tax forms to fill out, but it can actually make the process of tax preparation much easier. Accounting firms that have mobile apps tend to be more tech-friendly and can offer a variety of extra features for their clients. 1. You Can Send In Your Receipts and Documents Easily [Read More]
Posted on: 11 March 2015
You do not want just anyone preparing your taxes. You can someone who knows that they are doing to prepare your taxes. If your tax preparation specialist messes up on your taxes, you could lose out on refund money that you are owed, you may end up overpaying or underpaying, and you could get audited. Here are a few questions to pose to any individual tax preparer whom you are interested in hiring. [Read More]
Posted on: 6 March 2015
Running a business involves managing a constant stream of responsibilities and problems. In particular, a business's finances can be one of the most complicated aspects of managing an enterprise, and it is also one of the most important. Luckily, a certified public accountant can help your business effectively manage this essential aspect. However, if you have never considered hiring these professionals, there are a couple of important benefits that may help you decide this is a worthwhile investment: [Read More]
Posted on: 3 March 2015
With tax season approaching, many people are wondering how they can save the most money on their taxes and maximize their refund. If you are not careful you can easily overpay on your taxes. This is why it is important that you understand what things you can do to make sure that you utilizing your deductions, credits, and saving money. Here are some tips for getting the most out of your taxes. [Read More]