Contractor Versus Employee
Contractor Versus Employee As an annual reminder, it makes sense to review the key determination on whether your work activity is deemed employment or as an independent contractor. Getting it wrong could cost you plenty in Social Security, Medicare and other employment-related taxes. Here’s what you need to know while there’s still time to plan […]
IRS News You Should Know
IRS News You Should Know As the tax extension quickly approaches the October 15th deadline, now is a great time to review happenings at the IRS and how it may impact you and your situation. New formats for W-2s and 1099s. With the advent of tax-free tips and tax-free overtime, look forward to seeing revised […]
4 Numbers Every Small Business Owner Should Know
4 Numbers Every Small Business Owner Should Know Revenue and profit are two important numbers every business owner should know. But there’s another set of numbers beneath the surface that tells you more about where that revenue and profit came from, and where they may be headed. Here are 4 numbers every business owner should […]
Tips to Protect Your Social Security Number
Lifetime Learning Credit & The American Opportunity Tax Credit Very few things in life can create a higher degree of stress than having your Social Security number (SSN) stolen. This is because, unlike other forms of identification, your SSN is virtually permanent. Here are some things that you can do to minimize the risk of […]
Avoid Paying the Technology Upgrade Tax
Avoid Paying the Technology Upgrade Tax It sometimes feels like technology companies expect us to replace our devices every couple of years while adding another monthly subscription along the way. Fortunately, this isn’t the only path. A few thoughtful habits can help you stay secure, get more life out of the technology you already own, […]
Make Banks Compete for Your Business
Make Banks Compete for Your Business Banks regularly compete for new customers by offering cash bonuses, higher interest rates, and other perks. By periodically reviewing your options, you may be able to earn extra money while gaining access to better products and services. Here are some ideas to make banks compete for your business. […]
Small Tax Planning Moves Can Add Up Big
Small Tax Planning Moves Can Add Up Big Some of the most effective tax moves are small and can be made year after year, adding up to saving significant money over time. Here are a few tax planning ideas for you to consider: Adjust your tax withholding. A big refund isn’t a bonus. It means […]
Lifetime Learning Credit & The American Opportunity Tax Credit
Lifetime Learning Credit & The American Opportunity Tax Credit With the number of tax breaks available to help manage the cost of education, it can quickly become a bit of a maze. Here are some of the more common with information to help make some sense out of which to use. Understand the differences […]
Reminder: Third Quarter Estimated Taxes are Due
Reminder: Third Quarter Estimated Taxes are Due If you have not already done so, now is the time to review your tax situation and make an estimated quarterly tax payment using Form 1040-ES. 3rd Quarter Due Date: Tuesday, Sept. 15, 2026 You are required to withhold at least 90 percent of your 2026 tax […]
Donating to Charities? Do it RIGHT!
Donating to Charities? Do it RIGHT! Donating to charity not only helps others, it can reduce your tax bill — but only if the charity qualifies as a tax-exempt organization. Checking for qualified status If you plan on itemizing your deductions on your tax return, make sure the organization you’re donating to is designated […]