The Importance Of Professional Accountants

Preparing For Income Tax Season

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If you are newly self-employed, you will want to take steps throughout the year to prepare for the filing of your income taxes. Since federal and state income taxes are not withheld year-round by your employer, it is up to you to figure out what percentage of your income will need to be socked away if you need to make a payment when taxes are due. For 2015, self-employment tax is 15.3% of your pay. This number should be used as a starting point in figuring out how much to save in future years. Read More»

How To Process An IRS Wage Garnishment

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A wage garnishment issued by the IRS is processed by an employer somewhat differently than other garnishments. Employers who receive a notice of levy from the IRS have a specified time period in which to respond to an IRS levy and submit the requested garnishment amounts.  Unlike most other issuers of levies, the IRS is not required to obtain a court order. A wage garnishment may be received by an employer with no prior notice. Read More»

Documenting Business Expenses And Profits For Online Sales From Home For Tax Time

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Becoming an online merchant can be a lot of fun and bring some extra money into the household. This is one small business opportunity that many people have taken advantage of and have done very well with. The first year or so can be a struggle to earn a profit because of the expenses of getting started, but don’t worry, you can recover some of that loss come tax time. Read More»

Running Your Small Business Finances: Ideas For You

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When you open your first small business in Mechanicsburg, PA, you will find yourself faced with a great many tasks and responsibilities that you are now in charge of. One of the most challenging aspects of running a small business for may first-timers is the financial side of running a small business. Before you become one of those small business owners who becomes overwhelmed by financial burdens and issues, get to know some of the ways that you can make running your small business finances easier for you. Read More»

3 Tips For Taking Your Taxes Into A Certified Public Accountant

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When tax season rolls around, most people think of it with loathing. They know that they are going to need to find an accountant that they can take their taxes to, and they want to make sure that they find a good one. Thankfully, most certified public accountants (CPAs) are ready and willing to help you out with your taxes. The key to making tax season a pleasant time is to prepare ahead of time for all that is going to take place. Read More»