Expenses for entertaining and travel are one of the most common expenses that small and medium-sized businesses have to make. They are also one of the areas of expenses that cause the most confusion and seem to have the most unexpected complications for people when filling out their tax forms. That’s because of some common...
All of us want to be richer right? Or if not rich, then most of us would say that we at least want to feel more comfortable with our money and not worry about being able to afford our bills and our rent. That’s a given sure, but the question then is, why do so...
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...
There was a time when we used to think of bankruptcy as the worst thing that could happen to us and as something that we should absolutely avoid at all costs. Of course, it’s not ideal to declare bankruptcy no, and it’s something that many of us would much rather not have to do –...
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...
Most people do not need professional tax preparation. The internet has taken the anguish and arithmetic out of filing tax returns. Using just the information from their W2 forms, approximately two-thirds of working Americans can complete and submit IRS form 1040EZ. One form, about a dozen numbers, a little addition and subtraction, and the process...
Taxes are an issue that almost everyone has to deal with at some point. If you cannot afford to pay your taxes and you let them become late, the Internal Revenue Service can take drastic measures to collect the money that you owe. If you find yourself in a situation where you owe back taxes,...
So you’ve waited until the last minute to file your taxes, eh? Don’t worry, you aren’t alone! The good news is that the IRS has pushed the filing date back to April 17th! The bad news is that tax preparers are busy and it may be difficult to get help promptly. Lucky for you, I’ve...
In our lives, we all have to make some big decisions. Things such as going to university or not, buying property, getting married, having children, etc, for many of us, are huge decisions to be made. Accepting a job offer, moving/relocating to a new town or even country, again, big decisions to be made. And...
Depending on whether you are required to cough up some unexpected tax money or you are owed a refund, tax season can either seem like doomsday or like Christmas in April. Even though most people dread the filing process, it is more than worth it to discover that you have a sweet refund check headed...