Parking Reimbursements for Employees: What You Should Know
There’s no way around it I know, the commute to work combined with the lack of parking in big cities is frustrating to many. Some employers have the ability to set up […]
Tax Advice
“What Happens if I Accidentally Omitted Information on My Tax Return?”
The whirlwind of personal income tax return season has finally subsided for another year – or so you thought, until you realize there’s information you forgot to include. Whoops! Now what? Your […]
“Can I Deduct the Cost of My Commute to Work?”
If you’re wondering about your commuting expenses and whether or not they are potentially deductible we have all your information. Unfortunately, commuting expenses, such as driving between your house and your office, […]
IRS Offers New Tax Extension
The Internal Revenue Service (IRS) made an announcement this week that has provided much-needed tax relief for individuals and businesses grappling with the aftermath of severe storms and flooding that struck parts […]
Preparing Your Business for Tax Season
While tax season can be hectic for some people, it doesn’t always have to be. We have a comprehensive guide to help business owners prepare for tax season. Step 1: Organize Your […]
IRS Tax Rules For Imputed Interest
If you ever lend people money, you’re going to want to know about this one IRS rule that may make you liable to paying more taxes than you realize. The IRS expects […]
Tax Difference Between Incentive Stock Options And Non-Qualified Stock Options
Congratulations, you’ve got a job with stock options! Now you’re wondering how this affects your taxes. What are Stock Options? Stock options are the right to buy shares of company stock at […]
California Residents Receive A Tax Extension
Record breaking winter storms took to the state of California in the early parts of this year. As a result the IRS has given CA residents an extension to the tax deadline […]
Gift Tax: What Is It?
Many people look forward to both giving and receiving gifts. However, many fail to consider the potential tax implications associated with larger gifts. In the United States we have a federal tax […]
Top 4 Questions Asked This Tax Season
You have questions? We have answers! This tax season we saw the same questions asked over and over again. To help you out, we are going to answer the top four questions […]
When Does Capital Gains Tax Apply?
Capital gains taxes are a critical aspect of tax law that every taxpayer must understand. A capital gain occurs when an individual or corporation sells an asset for more than they initially […]
$1 Spent in Your Business Isn’t $1 Saved on Taxes
Just because something is a business expense, doesn’t mean it’s free money. The goal in every business should be to keep your money, not spend it. Spending money to save it on […]