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What Tax Bracket Am I In?

What Tax Bracket Am I In?

This question often gets asked right as tax season begins. But familiarizing yourself with tax brackets as soon as they get released for the current year is actually the best course of action. Why? Because it is a key factor in determining how much federal income tax...
Why Business Owners NEED A Tax Plan

Why Business Owners NEED A Tax Plan

True or false: If your business makes money, it is profitable. If you thought true, that may not always be the case. Why? Because much of the money you’ll make will go straight to taxes and other liabilities. So more is required  than simply increasing sales or...
This Hidden Tax May Cost You: The Nanny Tax

This Hidden Tax May Cost You: The Nanny Tax

Do you have a household employee such as a nanny, a caregiver for an elderly relative, or a live-in housekeeper? Then you may be subject to a hidden tax, often referred to as the nanny tax (although it applies to a variety of household employees, as seen below). What...
Your Tax Season Checklist

Your Tax Season Checklist

Spring is here so tax day is near! Here is your tax season checklist to help you get on the path to filing: Give us your tax documents. It is imperative that we receive your tax information as soon as possible in order to actually file your return or even to file an...