• Five Questions To Ask Yourself When Deciding Whether To File Jointly Or Not

    Whether you file jointly or separately, filing for taxes means a lot of paperwork and maybe a few headaches along the way, so you'll want to make sure you get the most out of it. One way to do this is to calculate whether you'll get a higher tax return with a joint filing or two independent filings. Here are some questions to ask yourselves when deciding which is the best way to go this year.
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  • Taxpayers Shouldn't Make A Frivolous Return Filing Situation Worse

    Taxpayers who choose to file frivolous income tax returns often do so without realizing the severity of their actions. Those who receive a frivolous tax return letter in the mail should speak with a tax professional to straighten out the matter to avoid a disastrous situation from playing out. The Warning Letter Anyone who files a frivolous tax return, a return that contains blatantly false assertions or egregious omissions designed to prevent the collection of taxes may receive a letter in the mail stating the return is being rejected and a proper return must be filed instead.
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  • Deciding If A Hiring A Payroll Service Makes Sense For Your Business

    If you are in the process of starting your own small business, and you intend on hiring employees to help you perform the daily tasks needed to make a profit, you may have contemplated hiring a payroll service to help with the monetary side in keeping your staff paid correctly. Here is some general information on how a payroll service from a firm like Schramm & Lewis LLC works to help you determine if using one would be beneficial in your own business endeavors.
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  • The Benefits Of A CPA

    Tax season is never a fun experience. Between the mountains of paperwork and the large amounts of money that are involved, it's easy to make a small mistake that could end up costing you quite a bit of money. Therefore, you might be looking for a way to make the whole process simpler, safer for your wallet, and less stressful for you. To make your life easier, you should consider hiring or consulting a CPA.
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  • Recently Start An In-Home Daycare? Learn About Some Necessary Tax Preparation

    Watching a few kids during the day is a great way to make some extra money. Unfortunately, the additional income just made your taxes a lot more complicated. While you do have to pay taxes on the money you made, you do get the benefits of additional write offs that will lower how much you owe Uncle Sam. Here is some tax preparation you will need to do before you see your accountant regarding your in-home daycare.
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  • The Top 4 Small Business Tax Deductions

    As a small business owner, you may worry about taxes all year, especially if this is your first year filing as a business. There's probably less reason for concern than you think, though. While it's true that small business owners often owe money when the tax year is over, there are numerous tax deductions that can significantly reduce your bill--or eliminate it altogether. Here are some of the best deductions business owners can use to generate the greatest amount of savings.
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  • 2 Tips For Managing Your Company's Financial Accounting Needs

    One of the more difficult aspects of managing your own business is addressing the seemingly endless number of financial matters. Whether you have to worry about paying your workers, keeping accurate tax documents or proactively reducing your tax burden, it is likely that you could benefit from the guidance of a trained and experienced professional. However, if you have never used the services of a small business accountant, there is a chance that you may not understand what to expect from these services.
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  • Just Get Finished Filing Your Taxes? Here Is What To Do Next

    Now that tax season is over and you're breathing a sigh of relief, you are either happy or unhappy about the final outcome of your tax return. No matter what your emotions are right now, you can find ways to make your tax burden lighter next year. Even though there are always changes to the deductions and credits that you're entitled to, you can still make plans to get a bigger refund, or to have more money in your pocket next year.
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  • How Can A Business Consultant Help You?

    Small businesses face a variety of challenges that impact how successful they are. A business consultant can help owners identify problems and come up with practical solutions. If you are unsure whether you need to contract with a business consulting service, consider how a consultant can help you with some of these challenges. Finances Unless you are a millionaire willing to sink your fortune into making your business successful, you can run into financial problems that could possibly lead to a financial crisis down the road.
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  • Hire an Accountant to Keep Your Business Finances in Order

    A business owner has to make sure he or she keeps their finances in order. This can be difficult to do if you are not experienced in this area, and if anything is done wrong, it can mess up your business. Below is how an accountant can help you make sure your business runs smoothly, so you can deal with other things, such as getting more customers. Keep Up with Expenses
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