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Ready for Tax Season

Ready for Tax Season

Last month we had a chance to review our finances and look forward to new ways to save and/or make changes to how our money is spent. Great now that you have settled on a budget, targeted your plan to pay down debt or better yet pay off debt this year. Plus live...
Wisely Select a Tax-Preparer

Wisely Select a Tax-Preparer

Many taxpayers look to a professional when it’s time to file your income tax return. After all they are being trusted with your family’s personal information. Your private financial details plus personal information on your children and/or dependents like Social...
2014 New Tax Forms for ACA

2014 New Tax Forms for ACA

Doing your taxes for 2014 will have some challenges and additional fees that will be incurred to process your income taxes that you may not be fully aware of. First thing to know is that you will need to provide your tax professional with your W2 and form 1095-A, if...
Is Your Online Sales a Hobby or Business?

Is Your Online Sales a Hobby or Business?

Online Hobby Sales Income  If you are an online seller through online sales websites like Esty, eBay or Amazon, you may have to report the sales as income. The Internet Tax Freedom Act prohibits the taxing of access to the Internet. The Act does not apply to tax on...
How Your Tax Dollars Are Used

How Your Tax Dollars Are Used

Ever wonder where and how your tax dollars go? Let’s look at where your money goes in viewing a common receipt where your have purchased some items in each of the following departments in a store. National Defense– Personnel salaries and benefits; ongoing operations...
Tax changes to be aware of for 2014

Tax changes to be aware of for 2014

Tax laws change every year. Often many of the changes affect every taxpayer while others only affect small businesses or high-income taxpayers. Flexible Spending Accounts (FSAs) is where you can save pretax dollars to pay for health care expenses, or dependent care...