Tax time can mean having a large bill, but also potential penalties. To avoid these, it requires determining when this extra income will come in and making tax payments to cover it.For...
When its tax time, reducing your tax liability means making sure that you have received all your credits and deductions. Many individuals are concerned about itemizing deductions,...
Saving for retirement is a great financial decision. It allows you to build up a nice nest egg so that you can live comfortably and have money, outside of your social security benefits,...
Many tax payers choose to contribute each year to their health savings accounts. This allows them to have money for those expensive medical bills as they get older. But once you turn...
All income is taxable unless a law specifically says it isn’t. Here are some basic rules you should know to help you file an accurate tax return:Taxable income. Taxable income...
Posted by Salter Elite Consulting on 02/16/2016
You’ve scheduled your appointment with Professional Accounting Services, Inc. in Owing Mills, Maryland, and you are ready to get started! But where do you start? Besides...
Most likely, living in Miami, Florida, you have considered the possibility of buying property for the purpose of renting it out. Rental property can be a great source of income,...
In this article, I’m going to focus on assisting writers get every possible tax benefit just from writing. Becoming a very successful writer can undoubtedly be expensive, don’t...
Investing in rental properties can be a significant income stream or provide an income supplement. However, this investment also comes with potential tax implications. Working with...