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Tax Q&A: Understanding What Is And Is Not Taxable
Is Social Security retirement income taxable? Social Security retirement benefits are taxable, although it depends on your total income and civil status. Federal law states that an individual must pay taxes if he/she has annual Social Security retirement income of...
When Are 2019 Taxes Due?
As we approach the new tax season, many of our clients who are small business owners are asking more & more questions. Getting your taxes filed on time is a lot easier when you a) have a year-round accounting system and b) have a clear deadline to aim...
Can I Claim My Working Child as a Dependent on My Tax Return?
Here’s a question we get all the time: When your child starts working, can you still claim them as a dependent on your taxes?
What Every Small Business Owner Should Know About Their Taxes
Many small business owners approach tax season with resignation and trepidation. To stay in business however, tax filing is an unavoidable activity. If the process is still something of a mystery to you, here’s a quick guide to the basics of small business taxes. How...
The 4 Must Know Tax Breaks for Individuals
Most taxpayers don’t want to pay more taxes than they actually owe. Here are some common mistakes and omissions that cost taxpayers money. Overlooking education tax credits. Parents of college students may be able to claim the American Opportunity Tax Credit (AOTC)...