Ever since this country was founded, Americans have hated paying taxes. So it should come as no surprise then that many rich American citizens are considering leaving the country and renounce their citizenship to avoid paying those taxes. The Abroad Tax Issue The United States is one of the few countries worldwide to tax its...
Tag: tax
Five Steps to Take to Get the Cheapest Tax Return Quotes
Image by Images Money. If you’re self-employed or the owner of a small business, it is usually much more worthwhile outsourcing your tax return to an accountant than doing it yourself. Even if you can do it quickly and efficiently, having an accountant fill out your tax return reduces your chances of making expensive mistakes...
5 Top Tips to Avoid a Tax Audit
We all know taxes are a necessary part of our lifestyles. We need schools, emergency services, and government. What we really don’t need as small and medium business owners is a comprehensive tax audit. Tax audits are a very lengthy and involved process, which usually calls for the services of a professional, so if there...
Five Things to Do with Your Tax Refund – Other than Spend It
What are you going to do with your tax refund this year? If your immediate answer was “spend it,” you might want to think again. According to the IRS, the average tax refund in 2012 is $2,899. That’s certainly a significant amount of money that could buy you a lot of fun, nice things. But...
The Smarter Way To File Your Taxes
Did you know that the average refund distributed during tax season is almost $3,000? Most of the time, that refund will go right into a savings account, but there are other ways to spend a tax refund that can boost your refund for next year, and no, it doesn’t include going on vacation or a...
The Five Most Common Tax Deductibles for Small Businesses and the Self-Employed
In the wake of the credit crunch and many years of erosion of the old job-for-life culture, more and more people are concluding that there are no longer any advantages to be had working their guts out for someone else. Instead, self-employment and setting-up your own business is becoming increasingly popular. As are freelance and...
How to Save Money During Tax Season
After the excitement and good cheer of the holidays are over, people find themselves facing another busy season – the dreaded tax season. Generally, by the end of January or the first of February, you will have received your W9s, 1099s, and other income documents from your employer(s). Although your employers are in charge of...
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