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  • 3 Things To Make Sure You Include In Your Taxes When You Work As A Blogger

    If you make your living as a blogger, here are three things that you need to make sure that you include when you file your taxes. This information can help lower your tax liability and your tax bill. #1 Health Insurance Costs Many independent contractors are not aware that they can actually deduct their health insurance costs. As an independent contractor, you can deduct the entire cost of your premium that you pay for health insurance for yourself and your family. [Read More]

  • Three Ways Your Pets Could Potentially Lead to Tax Deductions

    Wouldn't it be nice if you could count your pets as dependents? After all, they certainly depend on you -- an ill pet can easily cost as much as a child. Unfortunately, pets aren't considered necessities by the Internal Revenue Service (even though they might feel that way to us). Because of that, there are very few pet-related costs that can actually be tax deducted. If you want to get the most out of your deductions, you're going to have to focus on these three issues. [Read More]

  • Retiring on a Fixed Income? 3 Ways to Control 3 Major Life Expenses

    If you're going to be retiring on a budget—especially if fixed income sources like Social Security are a primary part of the plan—it's important to find ways to control and plan for costs. But, with so much about retirement always being up in the air, that can seem like an impossible task. However, you can control some retirement expenses with some pre-planning. Here are a few tips for controlling expenses in three categories: taxes, health care, and housing. [Read More]

  • The Tax Benefit Of Donating Excess Restaurant Food To A Soup Kitchen

    Busy restaurants often have unsold food left over at the end of each day. Some of the food may be used the following day, but wholesome food is sometimes discarded. A practical solution for minimizing wasted food is available. Restaurants can receive a tax deduction in exchange for donating unsold food to a qualified charity. Tax deductions for charitable donations are generally limited to the fair market value of donated items. [Read More]

  • Are You Attempting A 1099 Tax Return For The First Time? Why You Need A Professional

    If you are working a sales position for the first time ever and you aren't sure how you're supposed to claim your taxes, there are some things you want to do to prepare, and calling a professional tax expert is one of them. Preparing your own taxes puts you at the risk of errors, especially when you have more things to worry about because of your job position and the field you work in. [Read More]

  • Starting A Small Business? Here Are 3 Things To Consider When Choosing An Accountant To Work With

    Now that you've decided to start a small business, it's important to find a reliable accountant to work with who will help you balance your books and ensure that you're on the right track come tax time. Here are three things to consider when consulting with potential accountants: Database and Procedure Creation One of the most important considerations to make when consulting with potential accountants is database and procedure creation. As a new business owner, you shouldn't be expected to create an accounting database for your service provider to work within. [Read More]

  • Four Reasons To Hire A Payroll Services Company

    Running a business can be very hard because there are so many things to take care of just to keep the business running. One of the most important parts of running a business is paying your employees on time and the right amount. Using a payroll company to help with this aspect of running a business will allow you to focus your attention on other areas of the business that need your attention. [Read More]

  • Starting A Business? Don't Forget To Hire An Accountant

    Studies show that some of the primary reasons that businesses tend to fail is because they fail to plan financially, such as with liquidity problems and insufficient cash flow. In some cases, this may be due to the fact that these businesses didn't have an accountant. An accountant can prove to be a significant asset to new and old companies alike. So, if you're starting a company, here are three reasons you need to consider hiring an accountant: [Read More]

  • Tips For Minimizing Your Small Business Tax Liability

    As you grow your small business and your profits increase, so will your tax liabilities. If you aren't experienced in dealing with business taxes in general, you may not understand the various avenues available to you as an entrepreneur to capitalize on those profits while still minimizing your tax bill at the end of the tax cycle. Working with a CPA is often the best way to identify savings opportunities, but there are some tried-and-true options to consider. [Read More]

  • 3 Surprising Tax Deductions

    Taxes. They're one of the only things in life that are certain. While nobody really enjoys the process of filing taxes (except maybe the people who are paid to do it), learning about and taking advantage of the deductions available to you can make the end result a little better. Many people often--and unknowingly--pay much more than they need to. When you begin your tax preparation, take some time to get informed, and make the process a little better by knowing you're getting everything you deserve. [Read More]