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Smart Tax Saving Hacks Small Business Owners Can Use

Running a small business is a big feat because many owners may have to operate on a shoestring budget. Every dollar counts when you have to navigate through competitive markets and razor-thin margins. The last thing you want to encounter is tax troubles, Even if you stay ahead of filing and deadlines, you will want […]
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A Guide to Choosing the Right Tax Professional for Your Business

Hiring a tax professional is an integral part of any business. A tax professional will help you in making fundamental tax decisions, including interpreting tax laws and regulations, resolving tax issues, and ensuring that you are not paying unnecessary taxes. Picking the right tax professional can be the difference between keeping more of your hard-earned […]
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Tax Laws For Small Business Owners To Avoid IRS Troubles

Whether you’re just starting off with your business or are planning to scale it, you need to have an understanding of federal and state tax laws. Many entrepreneurs and business owners unknowingly get into tax trouble because they don’t account for the different taxes on their business and employees. The goal is to minimize unnecessary […]
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SMART Tax Planning Tips!

As the year draws to a close, you should run through this last-minute checklist of tax planning issues that can help you keep more of your hard earned money or avoid any tax problems! Max Out Your Work Retirement Accounts (401(k), 403(b), etc). You can contribute up to $18,000 in your 401(k) for 2015. If […]
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WORK AND TAXES CALCULATOR

Work & Taxes Whether you’re starting your first job or planning for retirement, these calculators can help you manage your budget and savings. My Bonus After Taxes Salary Conversion Travel Budgeting
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Should You Do Your Own Taxes?

[tp widget=”select2/tpw_select2.php”] By now, most of you should have received your 1099s or W2s from your employer to start your taxes. According to a recent survey, 49 percent of respondents said they would pay someone to do their taxes, 38 percent would do it themselves with tax preparation software, 10 percent would do it themselves […]
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End-of-year tax tips

2014 End-of-the-Year Tax Benefits Part 2

In Part 1 we covered tax benefits to take advantage of before the end of the year. Click here for more tax information and to get the updated contribution limits for your retirement accounts for 2015. Here is part 2 of end-of-the-year tax benefits you don’t want to miss! Understand the Home Office Deduction. If you use […]
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Tax-Loss Harvesting

Tax Loss Harvesting

You have to pay taxes on investment gains once they become realized, or you actually receive the disbursed gain from the investment. On the flip side, if you sell an investment for a loss, you can deduct the loss up to $3,000 from your taxable income. If your loss is more than $3,000, you can rollover the […]
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