Phoenix Payroll | Next Year Nobody wants to think about income taxes, much less income taxes that are not due for another year. If you avoid the temptation to not think about your taxes, you could avoid a tax surprise when you file next year. Now is the time to set up...
Glendale Accounting | Amend Returns What does a taxpayer do if they missed something when they filed their tax return or if a new piece of information gets discovered after the original return has been filed? The answer, is to file an amended tax return. Here are some...
Glendale CPA | IRS Notice? Nobody likes to get mail from the IRS, but each year millions of notices and letters are received by taxpayers each year. Here are a few tips for what to do if you receive correspondence from the IRS. First off, don’t panic. Most...
Phoenix Tax Prep | Withholding Employees will usually have withholding taken out of their paychecks. If you don’t have any income taxes withheld or if you don’t have enough income tax withheld, then you may need to make estimated income tax payments....
Scottsdale CPA | File on Time Have you prepared or had your income tax returns prepared and realized that you owe more income tax than you can afford to pay by April 15th? If so, don’t ignore it. Here are the steps you should follow if you owe more tax than you...
Phoenix CPA | Bartering Income Bartering is defined as the trading of one product or service for another product or service. Often there is no exchange of cash. Some business tend to barter to get products or services they need when cash may be tight. An example would...
Scottsdale Taxes | Energy Credits Taxpayers can reduce their energy consumption as well as save on their income tax bills with certain home improvements. Here are some key pieces of information taxpayers need to know about the home energy tax credits. Non-Business...
Scottsdale CPA | Deductions While most taxpayers claim the standard deduction when they file their income tax returns, many taxpayers can lower the taxes substantially if they itemize their deductions. Figuring your itemized deductions can help to lower your tax bill....
Glendale Accounting | IRAs Did you want to contribute to your IRA but forgot to do it before the end of the year? Don’t worry, you still have time to contribute and get credit for the 2014 income tax year. Individual retirement arrangements have been available...
Glendale Taxes | Unemployment If you lose your job, you may be fortunate enough to receive unemployment benefits. These payments can be a financial relief for someone without a steady paycheck. But did you realize these payments are taxable? Here are some other facts...
