Nearly five years ago, I launched a home based business. Before this joyous occasion, my husband calculated our federal income taxes every year. Unfortunately, when I started my business, my husband didn’t feel confident about filling out our federal tax forms anymore. Therefore, the two of us began visiting a friendly accounting firm near us. Two lifelong friends ran this expert establishment. These knowledgeable accountants worked hard to get our taxes filed right the first time. On this blog, I hope you will discover the numerous benefits of hiring a tax professional to prepare your federal income taxes each year. Enjoy!
Posted on: 13 April 2018
There are many honest reasons a person might file an incorrect tax return, but if you're the one who did it, you probably aren't taking comfort in the fact that your error wasn't intentional. Dealing with the IRS under any circumstances can be frightful, even more so if all your "T's" weren't crossed and an "I" or two not dotted. Here's how to proceed after bungling your tax return.
1. Don't Panic
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Posted on: 11 April 2018
Dealing with taxes can be stressful, overwhelming, and even upsetting. Most everyday people feel uncomfortable about filing taxes and making important tax decisions. The great news is there are professionals who are able to make the whole experience better. If you're looking to invest in help, hiring a tax pro can offer many benefits. Here are the benefits to utilizing a tax pro for your own tax prep needs:
Reduce Errors
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Posted on: 6 April 2018
After more than a decade of growth and change, self-publishing is finally coming into its own as a viable way for authors to build their own publishing business. Some of the factors that have helped to increase its popularity are obvious, like not having to obtain a publishing agent, which has often proved to be a roadblock for some authors in the past. But when the traditional route to becoming a best-selling author is eschewed, authors do have to become more proactive about making good business decisions.
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Posted on: 4 April 2018
As an employer, one of your new responsibilities is the collection, remittance, and proper accounting for payroll taxes. What, exactly, are payroll taxes? And what do they mean for the employer? Here's a brief guide to get you up to speed.
The Basic Payroll Taxes
There are two basic forms of payroll taxes that are mandated by federal law. These are contributions to fund Social Security and Medicare, and they usually show up on employee paychecks as FICA (Federal Insurance Contributions Act) and MEDFICA.
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