Why You Need to Renew Your ITIN Now & Section 179

Business team - depicting renewing ITIN

Business team renewing ITIN

If you have an Individual Taxpayer Identification Number (ITIN) rather than a Social Security number (SSN) you may need to take action or you will be unable to file a tax return for 2017.

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Posted in Business Tips

October 2017: Tax Filing Reminders and How to Ace the FAFSA

October 2017 tax reminders and news

October 2017 tax reminders and news

October 2017 Tax Filing Reminders

October 16

  • Filing deadline for 2016 tax returns for individuals or corporations if you requested/received a six-month extension. Pay taxes due by this date.
  • Deadline to recharacterize a Roth IRA to a Traditional IRA.
  • Deadline to fund your Keogh or SEP plans if you requested a filing extension.

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Posted in Tax filing deadlines

Common Tax Mistakes You Need to Avoid

Couple going over common tax mistakes

There are nearly 1,000 different tax forms used by the IRS to report tax obligations. It’s no wonder the IRS faces thousands of tax returns with errors each year. Here are some of the most common tax mistakes:
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Posted in Tax Planning, Tax saving tips

Tax Filing Reminders and News: September 2017

September 2017 tax reminders & news

Tax Filing Reminders September – October 2017

The following tax filing deadlines are in September and October 2017.
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Posted in IRS News

Business Tips to Cultivate: Learn From the ‘Best Places to Work’

Business tips - practices to cultivate

Google, Facebook, and Southwest Airlines are among the top five companies on job search site Indeed’s “Best Places to Work 2017” list. You may not have the resources of these large companies, but you can incorporate some of their ideas into your company’s culture.
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Posted in Business Tips

HSAs as a Retirement Tool – The Facts

HSA - Health Savings Account

HSAs - Health Savings Accounts

Health Savings Accounts (HSA) are a great way to pay for medical expenses, and since unused funds roll over from year to year, the account can also provide a source of retirement funds in addition to other plans like 401(k)s or IRAs.

But be aware of how a HSA compares to other retirement investment tools.
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Posted in Financial Planning

3 Actions to Save for Retirement & 5 Home Office Deduction Mistakes

Three Actions to Save for Retirement

Retirement actions

Three Actions to Save for Retirement

If you haven’t started saving for retirement or you haven’t saved enough, here are three actions you can take to put you in a better position during your golden years:
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Posted in Business Tips, Tax saving tips

July 2017 Tax News: Tax-free Income & Hiring Your Child

July 2017 Tax news

July 2017 Tax news

Tax-free Income

Yes, that’s correct, there are some forms of income you receive that may be tax-free. Here is a list of eight common sources of tax-free income.
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Posted in Tax saving tips

4 Strategies to Landing Your Dream Home in a Seller’s Market

Strategies for landing your dream home

Strategies to Landing Your Dream Home in a Seller’s Market

Are you looking for a new home? Have your eye on that dream house? Here are 4 strategies to landing your dream home in our current real estate market.
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Posted in Business Tips

Tax Deadlines & News You Need to Know – June 2017

Tax news June 2017

Tax deadlines and news June 2017

Tax deadlines for June 2017

June 15

  • Second quarterly installment 2017 individual estimated tax due
  • Second quarterly installment 2017 estimated tax for calendar-year corporations due
  • Individual tax filing deadline for U.S. citizens living or serving in the military overseas

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Posted in News, Tax filing deadlines