How Long Should You Keep Your Tax Documents?

With tax season going into full swing, we wanted to remind you about the importance of keeping proper records of your tax documents. The length of time you

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Standard vs Itemized Deductions

I wanted to take a moment to discuss the difference between standard and itemized deductions and the impact they may have on your taxes. Standard deductions are fixed

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IRS information for recipients of the Advance Child Tax Credit and the third round of Economic Impact Payments

WASHINGTON — The Internal Revenue Service announced today that it will issue information letters to Advance Child Tax Credit recipients starting in December and to recipients of the

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Tax benefits help charities in 2021

Expanded tax benefits help individuals and businesses give to charity in 2021. Recent legislation includes several provisions to help individuals and businesses who give to charity. The new

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Taxpayers who aren’t eligible for the child tax credit should look into the credit for other dependents

The credit for other dependents is a tax credit available to taxpayers for each of their qualifying dependents who can’t be claimed for the child tax credit. The

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5 Easy Steps To Accomplishing Any Goal

Accomplishing Any Goal is just 5 Easy Steps away: Establish a definite date – Set your goals in reverse. Pick a date of completion and work backward. Ex.

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4 Rules For New Entrepreneurs – Practical Tips For Starting Right

It’s a great time to be an entrepreneur—in the last decade, technology has leveled the playing field and propelled an entrepreneurial revolution. As an entrepreneur, you now have

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IRS reminds business owners to correctly identify workers as employees or independent contractors

WASHINGTON — During National Small Business Week, the Internal Revenue Service reminds business owners that it’s critical to correctly determine whether the individuals providing services are employees or independent

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Small business owners should see if they qualify for the home office deduction

Here are some things to help taxpayers understand the home office deduction and whether they can claim it: Employees are not eligible to claim the home office deduction.

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Understanding the tax responsibilities that come with starting a business

Small business owners have a variety of tax responsibilities. The IRS knows that understanding and meeting tax obligations is vital to the success of all businesses, especially a new

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