02
Aug 2019The Breakdown: Payroll Wages & Taxes Edition
If you’re considering hiring employees, it’s critical that you understand the payroll tax obligations that you have as an employer. With all the confusion surrounding how payroll taxes works, failing to report taxes correctly can result in major issues with the IRS – so it’s worth it to have a basic understanding. But have no fear, this article is going to break down exactly what…
13
Apr 2016Deadline Approaching: April 18th is the Last Day to File Taxes
Still haven’t filed your taxes yet? Time is running out! Monday, April 18th is the last day to file taxes for 2015. Why the later date? The Capitol will be celebrating Emancipation Day on April 15th, giving you three extra days to get those pesky returns over to the IRS. Estimated tax payments are also due on April 18th. If you need some more time…
15
Mar 2016Do I Actually Have To File Taxes?
Have you ever asked yourself, do I really have to file taxes? The short answer, most often, is yes. The long answer may surprise you. There are a select few of us who actually don’t have to file taxes, and this is dependent on your age, your income level, and your filing status. Here’s how to know if you qualify… Use this guide below, courtesy…
08
Jan 20162016 Tax Season is Almost Here!
Happy New Year! Paragon Accountants would like to announce that the 2016 tax season is almost here. The IRS will begin accepting both paper and electronic returns on Tuesday, January 19th. This year the deadline to submit your 2015 tax return is Monday, April 18th. Before you rush to file your taxes, please make sure you have all your tax paperwork ready, such as…
29
Dec 2015How Should I File?
If you are married you have the option to file jointly or separately on your federal taxes- but which should you choose? While the IRS recommends that married couples file jointly, there are circumstances that may be a greater benefit to you if you file separate. Couples who file jointly have access to a lot of deductibles, instantly! By filing jointly, you and your spouse…
11
Jan 2015Get Prepped For Tax Season
The IRS recently announced that the 2015 tax season will open as planned this month. While many were fearful that the extended provisions would delay the start of filing, the provisions were renewed by Congress at the end of the year, pushing the final preparations for tax season forward. You will be able to file your tax return as early as January 20th; both electronic…
24
Oct 2014Do You Know Where Your Tax Breaks Are Going?
If you’ve been planning what to do with your tax refund, you may want to hold tight. Over 50 tax breaks are left in the hands of Congress, many of which expired in December 2013, and some that most likely effect you directly, specifically students, retirees, and homeowners. Congress has not yet approved an extension for many of these popular tax breaks, which of course can…