Small Business Tax Prep Checklist

Small Business Tax Prep Checklist Income Gross receipts from sales or services Sales records (for accrual based taxpayers) Returns and allowances Business checking/savings account interest (1099-INT or statement) Other income Cost of Goods Sold (if applicable)...

Personal Tax Prep Checklist

Personal Tax Prep Checklist Here’s a summary of what you’ll need for a tax return checklist, whether you see a tax professional or prepare your own taxes.  Personal Information Your social security number or tax ID number Your spouse’s full name and social...

Year-End Tax Planning

It is time to start year-end tax planning for 2017. With the advent of the new presidential administration, comes a plethora of uncertainties with the proposed new tax legislation. So, with that in mind, barring any new legislation affecting the 2017 tax year. Here...

8 Great Practical Tax Planning Tips

Keep records for at least 3 years in case of an IRS tax audit. For your own peace of mind, you might want to keep them longer. Start a file folder at the beginning of each year, and put all of your receipts into it. Check your pay stubs against your W-2(s) to make...

Planning Your Taxes in 3 Easy Steps:

1. Tax Planning Step 1: Check Your Paycheck Withholding Do You Want Your Tax Refund In Your Check? Recent IRS statistics show that almost 100 million (or 75%) of all Americans get a tax refund check, and the average refund check is for about $2,400. So why not get...