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  • Deductions And Credits That Put Money In Your Pocket At Tax Time

    You don't need to give all your money to the Internal Revenue Services to cover tax liabilities. If you were generous and gave to charity, the IRS rewards you with tax credits. You also get credit if you or a family member paid tuition for secondary education. Don't miss out on tax credits that might put money back in your pocket. Education Credits Education tax credits can significantly reduce your tax liability. [Read More]

  • 4 Benefits Of Using A Tax Accounting Service With A Mobile App

    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]

  • Questions To Help You Find A Quality Tax Preparer

    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]

  • Two Valuable Reasons To Hire A Certified Public Accountant For Your Business

    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]

  • 2 Tips for Getting a Higher Tax Return

    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]

  • How To Settle Your Small Business Tax Debt

    The last thing you want to hear is that your small business owes a lot of money to the Internal Revenue Service (IRS) in back taxes. It is a reality that hits some people, and if you're one of them, you might panic and think that you're headed to jail. This doesn't have to be the case because, if you know what to do, you can offer them a settlement, or an Offer in Compromise (OIC). [Read More]

  • Just Start Your Own Home Business? Here Are Three Tax Deductions To Remember

    Once you decide to open a business from your home, many expenses in your life become tax deductions. Keeping copies of bank statements and receipts is important so that you can take advantage of all the deductions you have coming. If you're just starting out, you might be a little confused about which expenses you can deduct from your profits to lower your tax liability. This guide explains three of the deductions that you might not think about. [Read More]