Where did your Federal income tax dollars go in 2015? The National Priorities Project recently broke down the United States $4.2 trillion dollar Federal budget detailing where your tax dollars were allocated. The majority of your Federal income tax dollars go to health programs, defense and interest on the national debt. In 2015, the average [...]
While on a mission to make money, it seems saving it has become a whole other obstacle. It feels like you're going about your business aspects the right way and yet it you're spending a lot more than you anticipated. Where is all that money going, and more importantly how can you get it back? [...]
Five-Year Anniversary of Healthcare Reform: It has been five years since the Patient Protection and Affordable Care Act (the ACA) was signed into law. Healthcare reform has certainly been controversial, but this controversy does not absolve some businesses of certain responsibilities when it comes to offering minimum essential healthcare coverage to their employees. [...]
Architects, Engineers and Specialty Construction Trades: Did you know you can write off Start-Up Business Expenses? Designer Business owners – especially those operating small businesses – may be helped by a tax law allowing them to deduct up to $5,000 of the start-up expenses in the first year of the business’s operation. This is [...]
I find it interesting to learn about what our nation’s top leaders are proposing in regards to taxes. Many policies of the federal government are put into place to encourage people towards a particular social agenda. For example, child credits where working families with children qualify for a $1,000 tax credit (have children please and [...]
Southern Arizona Department of Revenue has in fact changed things up for contractors and sales tax! Its simplified but not really. I attended two classes on this now and thankfully feel a little more knowledgeable of course until it changes again. Okay, so here are the facts. There are two [...]
The Internal Revenue Service recently issued the 2015 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2015, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 57.5 [...]
Recent legislation passed just before adjournment by Congress provides some last-minute opportunities for taxpayers. These include tax provisions that had expired in 2013 but because of this bill have been extended through 2014. However, to take advantage of these extended laws you must qualify for them based on actions taken earlier in the [...]
There are changes that are taking place at the beginning of the year that may affect your business if you're in Arizona. Today we attended a webinar on the changes affecting sales taxes and licensing in the State of Arizona. Retailers and Contractors who collect/charge sales taxes will be affected. Here are the highlights: Everyone [...]
In today’s tough job market, students seeking part-time employment, young adults looking for full-time employment, and college graduates looking to begin their careers are finding it difficult to land a job. The family business may be the only place for some family members to find work, even if only temporarily until another opportunity arises. Financially, [...]