self employment and taxes - what do you do?

Posted on: 27 March 2015

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]

Posted on: 25 March 2015

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]

Posted on: 11 March 2015

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]

Posted on: 6 March 2015

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]