The biggest issue facing every American right now is the dreaded fiscal cliff. What is this fiscal cliff and what does it mean for me should be a question on everyone’s mind. Unfortunately, it is not. The public is rarely educated on the true meaning of any of these terms and although we live in [...]
Today, I was hanging out with some friends at a cheer competition. Our daughters cheer together at Mountain View High School and they watched my baby daughter when I was just starting my business in 2004. We have been friends a long time. Among all the other conversation we were able to do in-between performances; [...]
As we end one tax season and begin another I wanted to debunk a lot of the misinformation or myths surrounded around taxes and tax filing. I hear every day bad information or half-truths. Although there are many rules there are also unique situations so you must always ask your CPA if this applies to you. 1. I [...]
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Obama set to release "greenbook" outlining future tax proposals The United States Treasury department is set to release the Obama administration's tax proposals for the fiscal year 2013. The proposal outlines ways to address the cost of education increases that we have been seeing for many years. He also proposes to make some current tax [...]
Most people don’t know that thousands of “tax preparers” across the country are not actually certified by the state. A tax preparer is a broad definition that could range from a family friend who prepares taxes to somebody who has had two months of training down at the corporate cookie-cutter tax preparation office. Many tax [...]
Here are a few ideas, advice and tax tips that should help with the year end close and the starting the beginning of 2012. Although, I am a CPA and taxes are my forte, I truly believe in taking the business in as a whole picture. From my own experience there are 100 ideas to help [...]
With the Arizona Working Poor Tax Credit you can receive up to a $200 tax credit for making a simple charitable contribution to one of the 2011 approved organizations!! How much is the credit for? Starting in 2006 and continuing in the years following, the maximum credit for charitable contributions made to organizations that help [...]
All tax planning involves looking ahead to reach a specific goal. People are inclined to make careful plans when they consider making a home purchase, accepting a new job, taking a dream vacation, or investing for retirement. But when it comes to taxes, they often leave matters to chance, perhaps not realizing the tax savings that can result. THE GOAL OF TAX PLANNING IS TO SAVE YOU MONEY! Every taxpayer has the right AND the responsibility to lower his/her tax bill using a number of different legal methods. Tax planning is the tool that helps you evaluate your financial situation in light of current laws to make sure that you get the benefit of all deductions you’re entitled to.