The Importance Of Professional Accountants

How To Help Your Small Business At Tax Time

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Owning a small business means there are a lot of responsibilities that fall onto the shoulders of the owners. A small business owner’s work is never done and there is a lot of paperwork that needs to be done to stay on top of things. The time to process the taxes for your small business can be stressful, but there are a number of things that you can do to get your taxes in order before you hire an accountant. Read More»

Importance Of Hiring A CPA To Assist With A Divorce

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When dealing with a divorce, it is important to hire the correct professionals to assist with the process. An attorney is necessary to deal with all of the legal issues that come with a divorce: child custody, property division and spousal maintenance are all issues that need to be dealt with before a divorce can be granted. Qualified therapists can also be beneficial to help each spouse, as well as any children affected by the dissolution of the marriage. Read More»

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»