Category Archives: Income taxes

7 Facts About Income Tax Extensions

Not sure you’ll be prepared to file and pay your total taxes due by April 15? Here’s what you need to know about filing an extension. Sometimes, things beyond your control keep you from making that April 15 income tax … Continue reading

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Start Planning Now for 2014 Income Taxes

You may not have even completed your 2013 taxes yet. But now is an ideal time to start getting ready for your 2014 returns. We know that you’re in some stage of preparation for your 2013 income taxes. It may … Continue reading

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Hot Business Topics to Research in 2014

Six Business Topics and Trends to Study for 2014 Happy New Year!  The New Year brings new areas to benefit from and be aware of.  You’ve likely heard these topics mentioned in the news.  The question is, have you stopped … Continue reading

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8 Things You Should Know About IRS Audits

Yes, the word strikes fear in every taxpayer’s heart. Here are the basics. You may know someone who’s been through an IRS audit. You’ve at least heard that it can be a grueling, complex process. But how much do you … Continue reading

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Striking Out on Your Own in 2014? Your New Tax Obligations

Many newly self-employed individuals get quite a shock when they start planning for income taxes. Here’s what you need to know. You probably remember your surprise when you got your first paycheck from your first job in high school or … Continue reading

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Five Tips to Get Ready for a Pain-Free Tax Time

With the holiday season just around the corner, it’s a perfect time to get your financial records in order.  Tax moves you make now can mean finding more “green” to spend on family gifts and festivities.  Here are five quick … Continue reading

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Five Fall Projects to Refresh Your Financial Results

  Five Fall Projects to Refresh Your Financial Results  As we move into the fall season and the final quarter of the year, it’s a perfect time to commit to a project in your business that will help you reach … Continue reading

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What Does Popeye Have to Do with Accounting?

What Does Popeye Have to Do with Accounting?  You might have heard the terms “cash basis accounting” or “accrual accounting.”  Your net income number can change depending on which method your books are set up for.  Here’s a simple explanation … Continue reading

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Five Cash Leaks to Avoid

Cash flow improvement is a hot issue for small businesses; in many businesses, it seems like there is never enough cash when you need it. The last thing a business owner wants is to reduce their cash balance unnecessarily. To … Continue reading

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Estimating Estimated Taxes: 3 Tips

  Determining how much to pay in estimated taxes for the current tax year isn’t an exact science. It’s kind of ironic, really. The taxpayers who could most easily calculate estimated taxes — salaried individuals whose employers deduct funds for … Continue reading

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Employee Retirement Plans: Tax Advantages and Other Benefits

Thinking of offering a retirement plan to your employees? Here’s some of what you need to know. If you were employed during the 1980s, you probably remember what a benefits bonanza that period was. Inexpensive health and life insurance. Short- … Continue reading

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Seven Year-End Adjustments to Make to Your Books

Year-end is coming up for many businesses, and it’d be nice to know what your final revenue and profit numbers will be for the year. Before we can calculate these key numbers, there are year-end adjustments that may need to … Continue reading

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Five Things You Can Do to Make Tax Season Easier

We know we’ll never make tax season your favorite time of year, but perhaps we can make it easier. Here are five things you can do now to smooth out the time required to pull your records together for your … Continue reading

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